Receipt of foreign exchange in India is called Inward remittance. Apart from exports there are other transactions, which generate inward remittance. For example Non-resident Indian staying abroad may remit foreign exchange to their relatives in India. Inward remittances are usually in the nature of foreign currency notes, foreign currency traveller cheques, foreign currency cheques / foreign currency demand drafts and inward telex transfers. Part A
Part - A
Exchange Management Regulations
1. There are no restrictions on receiving re mittances from abroad through authorised dealers in foreign exchange in India.
(Note: General permission has been given by RBI to persons resident in India to retain with them foreign currency up to the value of USD 2,000. In other words, the amount held by residents should not exceed USD 2,000 or its equivalent at any point of time. The amount, which is in excess of USD 2,000 mentioned above, must be surrendered to an authorised dealer within a period of seven days of acquisition. Needless to state that the foreign exchange mentioned above should have been acquired by the resident in conformity with the provisions of the FEMA).
1. Questionaire on your Branch service. To enter your feedback Click here..
2. RuPay Debit Card Offers
3. Visa Debit Card Offers
4. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
5. CUB launches mBank Plus application to perform your banking tasks from your palm anywhere anytime. To view the features of the mBank Plus application Click here..
6. CUB launches missed call services call 9278177444 to get your operative account balance.
7."Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.....issued in the interest of investors."
8. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
9. RuPay Card Online Usage Instructions in IRCTC.Click here..