PIO opening bank account

#1 Dec 2nd, 2009, 23:23
Join Date:
Mar 2008
Location:
tamil nadu _ thanjavur
Posts:
90
  • joseph10 is offline
#1
Last November i became PIO and now i would like to open a bank account in India.
As i informed and found info on the subject it shouldn't be any problem so i went to ING Vysya, my experiences with them are ok so far, and requested to open a account including a credit-card that i can use anywhere abroad, so not in India only.

To make the story short:

ING told me i have to open 2 accounts, NRI account as well as a NRO account.
(As far as i know this is only required for people on X or B Visa)
I dont want to have two accounts with all passes, passwords etc.

I assume there are many more PIO's, residing in India, that opened a bank-account over here so can anyone please tell me what are the possibilities and procedures.

Thanks
#2 Dec 2nd, 2009, 23:29
Join Date:
Oct 2004
Location:
Chennai, India
Posts:
70,815
  • Nick-H is offline
#2
I think they are confused.

You are resident here, I think... therefore a "non-resident" anything accounts should not be available to you at all!

I have two or three accounts (Mrs N manages it; I just sign ) in different banks; nobody has ever mentioned 'non-resident'.

You've found someone who doesn't know what they are talking about, I'm afraid: try a different bank!
~
Life gets aadhar every day.
.
#3 Dec 2nd, 2009, 23:54
Join Date:
Mar 2008
Location:
tamil nadu _ thanjavur
Posts:
90
  • joseph10 is offline
#3
Thanks Nick,

Maybe try with SBI or ICICI, or push some more at ING cause i think they are not very familiar with PIO card holders. (sounds good huh! Pio card holders)

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