The Zoroastrian Co-operative Bank Ltd.
(Scheduled Bank)
The Bank that is Big on Tradition & Trust
 
 
   
Opening of NRE Account | How to transfer your funds | Deposits | Linked Banks | Term Deposits | Insurance  
     
  OPENING OF NRE ACCOUNT  
 
Authorised by RBI to open NRE Accounts in Rupees
Various Deposit schemes offered
Easy conversion through correspondents
Premature Withdrawals allowed
Nomination Facility Available
Loan facility available (for NRE a/cs only)
No Income Tax (on NRE) , no Gift Tax, no Wealth Tax
Repatriation Benefits in NRE account
Simple Renewal Formalities
Easy Documentation
Since 2006, RBI has instructed all Co-operative Banks to close all existing NRO accounts and not to open any fresh NRO accounts
 
  NRE's can Download the Account Opening form, fill it and send it back to us on our Contact Details.  
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  HOW TO TRANSFER YOUR FUNDS  
 
Send the AOF alongwith your cheque / Demand Draft to any of our Branches. You have a choice of depositing foreign currency cash, travellers cheques, personal cheques during your visit to our designated Branches
You may remit by SWIFT or Telegraphic Transfer to any of the correspondent Banks listed below for credit of relevant account number of Oman International Bank S.A.O.G. Mumbai (OIB) alongwith
1. Name of the designated Branch of our Bank (Mumbai Main Branch, Bandra Branch or Dadar Branch) alongwith the name of the account holder
2. Account number to be credited or in case of new account just mention the type of account required to be opened, details of which will be specified in the account opening form
 
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  DEPOSITS  
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  LINKED BANKS  
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  TERM DEPOSITS  
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  INSURANCE  
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