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Date Posted: 11:35:56 01/22/03 Wed
Author: ROY JOHN
Subject: OCB


Dear Sirs,
our customer, an NRI in Canada owns a firm of consultancy services in canada, intends to set up branches in India. he wants an NRE account in the name of the firm. he wants to know if the local receipts from candidates in India can be credited to the account, in Rupees and/or in Dollars. If we open the account what precaution,type of account ? , what answers to his question ? Please help.


Roy John,AM (Sys)
SBI, Kozhenchery

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