Banking HowTo

How much foreign exchange can one buy when going for tourism to a country outside India ?

In connection with private visits abroad, viz., for tourism purposes, etc., foreign exchange up to USD10,000, in any one calendar year may be obtained from an authorised dealer. The ceiling of USD10,000 is applicable in aggregate and foreign exchange may be obtained for one or more than one visit provided the aggregate foreign exchange availed […]

Banking HowTo Canara Bank

What is the user ID for Syndicate Bank Internet Banking?

The Syndicate Bank is merged with Canara Bank and Online Banking is also transferred to Canara Bank. Check the Canara Bank Internet Banking FAQs for same here. OLD SOLUTION The ‘CustomerID’ printed on the passbook of the customer is the ‘UserID’ for Internet banking access in the SyndicateBank. If customer doesn’t see the customer ID […]

Banking HowTo

Who can open a NRE Bank Account ?

Let’s checkout Who can open a NRE Bank account in India. These guidelines are common to all the banks including Government Banks, Private Banks & others. The following individuals can open a NRE/NRI Bank account without prior approval of RBI. 1. Non Resident Indian (i.e. An Indian Citizen, who have gone abroad for gainful employment or […]