Is there yet a worthwhile way for a short term traveller to open Indian bank accounts

bellcrank · Aug 20th, 2006, 15:02

Quote:

Originally Posted by onajourney

Bellcrank, I have had just the opposite experience in Delhi. Every bank I've entered (ICICI, HDFC, Citibank, etc.) has told me that they cannot open bank accounts for a tourist. You had to be on a long-term business Visa with a letter from your company for them to even look at you.

Take a look at http://www.indoindians.com/money/faq.htm

Im sure their is more detail on this on RBI website somewhere.

sirensongs · Aug 20th, 2006, 15:11

Thanks bellcrank, my experience was identical to Onajourney's. If this indeed is the rule, these banks do not seem to be aware of it - at all.

bellcrank · Aug 20th, 2006, 15:19

Oh, it's here to be precise. Go down to schedule 3

http://www.rbi.org.in/Scripts/BS_Fem....aspx?Id=1 59

Nick-H · Aug 20th, 2006, 16:23

Maybe what the banks mean is that they don't want to.

Aug 20th, 2006, 15:11	#17
sirensongs Eeny meeny mango Join Date: Apr 2003 Location: All India Permit (somewhere between Delhi & Dharamsala) Posts: 1,213	Thanks bellcrank, my experience was identical to Onajourney's. If this indeed is the rule, these banks do not seem to be aware of it - at all. __________________ *"Why do people go to India to find themselves? India is where you go to lose* yourself."** Feringhee: The India Diaries

Aug 20th, 2006, 16:23	#19
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 27,701	Maybe what the banks mean is that they don't want to. __________________ . Just one member of the IndiaMike Mod Team

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Visa ATM Card Bank Accounts w/Low Fees	MattFS218	India Expat Area	0	May 19th, 2006 19:49
Bank accounts	robinwyatt	India Expat Area	8	Feb 26th, 2006 17:45
Bank accounts	Chesh	India Expat Area	10	Aug 11th, 2005 10:37
Short term housing	indiaintern	Delhi	3	Apr 9th, 2005 03:38
onward tickets and bank accounts?	paulh	Indian Visa and Passport Questions	5	Oct 18th, 2004 18:37

Aug 20th, 2006, 15:19	#18
bellcrank Member Join Date: Jan 2006 Location: uk Posts: 62	Oh, it's here to be precise. Go down to schedule 3 http://www.rbi.org.in/Scripts/BS_Fem....aspx?Id=1 59

User Name		Remember Me?
Password