my grandpa has an acct in india and he lives here he asked me to get his money transferred here. but I am going to india my first time; How does the system work?please any1 can u help me?
2007-07-25 14:15:46 · 4 answers · asked by a 1 in Politics & Government ➔ Law & Ethics
Why indulge in all other legal formalities, just let him issue you a cheque of the Indian bank for getting prepared a bank draft in his favor to be paid in his foreign account bank take that cheque & get the bank draft prepared in his favor to be paid in his foreign bank account, that will solve all your problems. Only thing is take a blank bank cheque only as you are not sure how much amount is there in his account & the amount you have to pay as commission for getting this foreign bank draft, the banker in India will tell the details when you meet them. You can even get this amount electronically transferred from his Indian bank to his foreign bank account for that you must also carry the swift number & all other details of his foreign bank account (all these details can be obtained from the foreign bank with regards to Indian bank)with you & a letter from him addressed to the Manager of the Indian Bank for this transfer, even get a letter of authority in your favor for getting all these transactions carried on his behalf, this letter should be signed by him & witnessed by two adult witnesses & notarized, in case the bank ask for his authority letter in your favor.
2007-07-25 16:25:49 · answer #1 · answered by vijay m Indian Lawyer 7 · 5⤊ 0⤋
Simply ask your grandpa to communicate, in writing, with his specimen signature (as recorded with the Bank), to the Bank to transfer the desired amount from his account to the BANK where he leaves. The details of (a) Bank's Branch name, address, (b) His account number, where he wants to transfer the fund, should be clearly mentioned in his letter of instructions to the Bank in India.
That will do.
The Bank, immediately after such transfer, would intimate the account holder (your grandpa) in confirmation.
2007-07-26 02:14:02 · answer #2 · answered by Gauranga B 2 · 0⤊ 1⤋
There are court authorised people (lawyers) who help you in this process. They call here in India as "NOTARY". You have go with you matter and they get it typed and ask you to sign under. Then they put some court fee stamps and register your Affidavit in their book. Hope this helps you. If you need any help reg. when you get to India call on 09849494912. You are most welcome for a suggestion.
2007-07-25 22:27:13 · answer #3 · answered by pkeleti72 2 · 0⤊ 0⤋
Conasult a Lawyer
2007-07-26 01:57:04 · answer #4 · answered by Stunner_cool 5 · 0⤊ 2⤋