Financial Daily from THE HINDU group of publications
Wednesday, May 28, 2003
Financial Daily from THE HINDU group of publications Wednesday, May 28, 2003 |
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Money & Banking
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Public Sector Banks Punjab & Sind offers FC a/c for residents Our Bureau
NEW DELHI, May 27 PUNJAB and Sind Bank (PSB) has announced the introduction of Resident Foreign Currency (Domestic) Account for resident individuals. In a release issued here on Tuesday, the bank said the account could be opened in four designated currencies - US dollar, Pound, Euro and Yen. Withdrawal from the account is permissible in Indian rupees also and that separate account for each currency has to be opened. Cheque facility is also available in the said account. The account will be maintained in the form of a current account and there is no upper limit for keeping balances in this account.
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