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FAQs on Overseas Direct Investment

An application for direct investment in a JV/WOS may be made in form ODI to:The Chief General Manager,Overseas Investment Division,Exchange Control Department,Reserve Bank of India, Central Office,Amar Building, Sir P.M.Road,Mumbai 400 001.
এইধরনের গ্ৰাহককে তাঁদের অনুমতি লিখিতভাবে দিতে হবে এবং তাঁদের বিএসবিডিএ-তে থাকা বৈশিষ্ট্যগুলো এবং বিস্তৃত পরিষেবাগুলোর বিষয়ে অবগত করতে হবে।

উত্তর. ব্যাংকগুলোকে সকল চৌম্বক ফালা কার্ডকে EMV চিপ ও পিন কার্ডে রূপান্তর করতে বলা হয়েছে ডিসেম্বর 31, 2018র ভেতর। যদি কোন কার্ডধারক তার নিজের চৌম্বক ফালা কার্ডকে EMV চিপ ও পিন কার্ডে রূপান্তরিত করতে না পারেন তবে ঐ ব্যক্তিকে সঙ্গে সঙ্গে তার ব্যাংক শাখায় যোগাযোগ করে এই রূপান্তরিত কার্ডটি পাওয়ার চেষ্টা করতে হবে।

Ans. The meaning of KYC is as defined in paragraph 6 of the MD-PPIs. The KYC / Anti-Money Laundering (AML) / Combating Financing of Terrorism (CFT) guidelines issued by the Department of Regulation (DoR), RBI, in “Master Direction – Know Your Customer Direction, 2016”, shall apply mutatis mutandis to all the entities issuing PPIs.

Yes, these securities are eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBFC). The Loan to Value ratio will be the same as applicable to ordinary gold loan prescribed by RBI from time to time. Granting loan against SGBs would be subject to decision of the bank/financing agency, and cannot be inferred as a matter of right.
Yes.  Government securities, as per eligibility, can be stripped separately for interest and principal and reconstituted as well.
The NDS-OM system ensures that orders place by a GAH will not match with its Primary Member. Similarly orders placed by two GAH of the same Primary Member will not match.
  • Fixed Income Money Market and Derivatives Association of India (FIMMDA) will come out with valuation guidelines shortly.

Residents may book their tickets in India for their visit to any third country. That is residents can book their tickets for travel for instance to London/New York through domestic/foreign airlines in India itself.
At the time of making applications, the Promoters/Promoter Group will have to furnish a road map and methodologies they would adopt to comply with all the requirements of the corporate structure indicated in para 2 (C)(ii) and (iii) of the guidelines and realign the business between the entities to be held under the NOFHC [para 2(C)(iv) of the guidelines] within a period of 18 months. After the ‘in-principle approval’ is accorded by RBI for setting up of the bank, the actual setting up of NOFHC and the bank, re-organization of the Promoter Group entities to bring the regulated financial services entities under the NOFHC as well as realignment of business among the entities under the NOFHC have to be completed within a period of 18 months from the date of in-principle approval or before commencement of banking business, whichever is earlier.

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