Mumbai preview


Opening a bank account in Mumbai is straightforward. Some banks allow you to open an account online or download an online application to open an account. However, most want you to fill out the form, make an appointment and submit it personally at the bank.

Opening a Bank Account

One account of particular interest for expats is a QA22 account. This account allows the account holder to bank funds in Indian currency (INR) as well as in foreign currency. Though withdrawals are only possible in local currency, you can withdraw money via an ATM when you are abroad.

You are not forced to open a QA22 account; you could…