2nd September 2011
Interbank Mobile Payment Service (IMPS)was launded for the public on 22nd November 2010 .
IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones.
What type of account do I open?
Uses of these accounts
What do I do when I sell a Property
NRO vs NRE - What is this....
CASE STUDY: A Client was to proceed overseas the purpose of employment.
Have you wondered what happens to ATM’s cash supply when the entire banking industry is paralyzed by strikes (which plague us quite often.)?
RBI recognizing this as a major issue has issued guidelines to banks on the following lines.
Contingency plan during strikes in banks / na
CAN A NRI/PIO REMIT PROCEEDS OF SALE OF PROPERTY IN INDIA FROM HIS NRO ( NON RESIDENT ORDINARY RUPEE ACCOUNT).
When a person resident in India wishes to make remittance to non-residents, such remittances can be made by banks if the person making the remittance furnishes an undertaking, accompanied by a certificate from a Chartered Accountant (“CA”) certifying the rate for withholding tax as per
This is a question posed by a participant in CA Club :
Inward remittances in foreign currency.
By and large, inward remittances are permitted without any restrictions. However, certain remittances towards capital account are regulated i.e. External commercial borrowing and inward remittance towards investment in India.
Incoterms® - International Commercial Terms
The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms rules provide internationally accepted definitions and rules of
Over the recent weeks, I have set a record of sorts. My maiden venture into the field of entrepreneurship was a huge step forward, but a risk none the less.
Documentation for remittance in case of individuals:
The Reserve Bank does not, generally, prescribe the documents that should be submitted to Authorised Dealers while releasing foreign exchange.