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Home >> NRI Banking
 
NRI Banking
 

This is a specialised service to help our non-resident customers and others who find it difficult to operate their accounts personally.

We obtain power of attorney from the customer in our favour and execute his instructions promptly and meticulously. It gives the customer great confidence that his money is safe.

Services

The following services are a few examples of our attorneyship services

  • Making investments in shares/debentures in Indian Companies by direct subscription/ through market operation.
  • Sale of shares/debentures of Indian companies through market operation.
  • Making other investments like fixed deposits/NSC/Units of UTI/Govt. securities/ bonds of Public sector undertakings etc., (The above services are offered on Non discretionary basis and specific instructions are to be given for each transaction).
  • Opening of demat account with the depository participant and handling their demat accounts.
  • Making payment of Insurance premiums/subscription to Associations etc.
  • Collection of income on investments/ realisation of investments/ safe custody of securities.
  • Obtaining RBI permission for purchase/sale of shares. Follow-up for purchase/sale of shares.
  • Collection of income like rents and other receipts/effecting remittances as per instructions / Computation of income and filing of Income tax returns.
  • Payment of LIC premium, telephone bills etc.
 
 
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