can you have a bank account in India and Australia and be able to transfer money from one account to another?

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can you have a bank account in India and Australia and be able to transfer money from one account to another?

2007-03-26 00:49:44 · 4 answers · asked by joy c 1 in Business & Finance ➔ Personal Finance

4 answers

Presuming that you are a resident Indian, you can do so in a limited way!

Since RBI has allowed remittances abroad without its approval, fulfilling certain pre-conditions, upto US 25,000 in a financial year - you can transfer money from one account to another.

2007-03-26 02:35:35 · answer #1 · answered by helpaneed 7 · 1⤊ 0⤋

if ur a/c is in the bank which is having branches in both places the bank have no objection in transferring ur money.

2007-03-26 08:06:18 · answer #2 · answered by arun j 2 · 0⤊ 0⤋

yes.provided you should have a/c with same or associated bank in both country's

2007-03-26 08:49:30 · answer #3 · answered by jimjim 3 · 0⤊ 0⤋

2007-03-26 07:58:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋