United States Banks

@umabharti (3976)
India
May 5, 2011 2:09pm CST
hi i have a question to the mylotters , can anyone being in India open an savings account in the Us Banks., what documents would they need, will it require any processes.Does that happen , is there a chance for such thing ?. Will paypal documents be sufficient for us banks as paypal is worldwide and as paypal recognizes us with documents we provided will us banks accept paypal account of ours a valid and genuine one for us to open an account in a bank of us.
1 response
@AdalieM (1135)
• United States
5 May 11
Not so sure about opening a bank account overseas. But I do now that residents here, need an identification and a SSN number.
@umabharti (3976)
• India
6 May 11
hi, thank you for u r response.This information i got from the link provided by the other mylotter for the discussion."At State Bank of India (California) we offer NRI deposit referral services with branches of State Bank of India (SBI) spread across various states in India. These deposits are held in India and are accepted in accordance with Reserve Bank of India’s and State Bank of India’s rules for non resident Indians. These deposits are not insured by FDIC, CDIC or any deposit corporation outside India. These are not the obligations of offices of State Bank of India or its subsidiaries in the USA and there is no recourse against the branches of State Bank of India or its subsidiaries located outside India."