money issues

Old Jan 27th 2009, 8:08 pm
  #1  
Forum Regular
Thread Starter
 
Joined: Sep 2008
Location: Kent, England
Posts: 75
becky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to allbecky667 is a name known to all
Default money issues

Hey

Just a quickie question.

How much money can I withdraw out of my ICICI account per day? Thinking of flying to India to try and bring some cash home (converted into pounds of course)

Cheers
becky667 is offline  
Old Jan 27th 2009, 8:29 pm
  #2  
Just Joined
 
Joined: Jan 2009
Posts: 3
Satz is an unknown quantity at this point
Default Re: money issues

Originally Posted by becky667 View Post
Hey

Just a quickie question.

How much money can I withdraw out of my ICICI account per day? Thinking of flying to India to try and bring some cash home (converted into pounds of course)

Cheers
http://www.icicibank.com/pfsuser/ici...ay/sal_r&f.htm

hope this helps
Satz is offline  
Old Jan 28th 2009, 1:48 am
  #3  
BE Enthusiast
 
emsirrah's Avatar
 
Joined: Jul 2007
Posts: 761
emsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant future
Default Re: money issues

At todays rate-68rps to £1 don't think I would be taking much out of the bank to change back into pounds.
Just looked at our bank statements and 22,000 it the largest we ever took out quite a few times when we were buying furniture etc so would guess that is it.

Last edited by emsirrah; Jan 28th 2009 at 1:52 am.
emsirrah is offline  
Old Jan 28th 2009, 4:04 am
  #4  
Forum Regular
 
Joined: Jul 2007
Posts: 120
indiapurple will become famous soon enoughindiapurple will become famous soon enough
Default Re: money issues

Originally Posted by emsirrah View Post
At todays rate-68rps to £1 don't think I would be taking much out of the bank to change back into pounds.
Just looked at our bank statements and 22,000 it the largest we ever took out quite a few times when we were buying furniture etc so would guess that is it.
emsirrah..totally disagree, this is the best time to change your rupees back to pounds.
If you change 1lakh rupees
at R68 you would get £1470
at R80 you would get £1250
at R85 you would get £1176
Definately do it now if you can !!
regards
Indiapurple
indiapurple is offline  
Old Jan 28th 2009, 8:28 am
  #5  
BE Enthusiast
 
emsirrah's Avatar
 
Joined: Jul 2007
Posts: 761
emsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant future
Default Re: money issues

I totally got that the wrong way round. :curse: silly me. sorry.
Thinking of it from changing it to rupees. Yes of course you would have to give less.
emsirrah is offline  
Old Jan 28th 2009, 8:45 am
  #6  
Banned
 
Joined: Oct 2008
Posts: 2,478
johnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond repute
Default Re: money issues

Originally Posted by emsirrah View Post
I totally got that the wrong way round. :curse: silly me. sorry.
Thinking of it from changing it to rupees. Yes of course you would have to give less.
You got the "telling Mitzy to f-off bit" wrong too, it happened on 15th Nov. 2008. Thought it sounded familiar!
Love
J5
johnny five is offline  
Old Jan 28th 2009, 9:59 am
  #7  
 
noni's Avatar
 
Joined: May 2007
Location: Noni the Indian Goan Beach Mulberry
Posts: 8,227
noni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond repute
Default Re: money issues

Would like to start a new thread of how to transfer money from UK when the rupee is on a high in Monsoon. Have heard that some people have only been charged as little as £10? Anybody got the names of the banks which transfer to HDFC Goa for that amount.

Still have problems with site, cannot start threads etc.
noni is offline  
Old Jan 28th 2009, 12:02 pm
  #8  
Account Closed
 
Joined: May 2006
Posts: 1,146
Goacrazy56 is an unknown quantity at this point
Default Re: money issues

Originally Posted by noni View Post
Would like to start a new thread of how to transfer money from UK when the rupee is on a high in Monsoon. Have heard that some people have only been charged as little as £10? Anybody got the names of the banks which transfer to HDFC Goa for that amount.

Still have problems with site, cannot start threads etc.
Hi Noni try ICICI we transfered money out with them last year and it was about £10 but we have an account with them
Goacrazy56 is offline  
Old Jan 28th 2009, 12:36 pm
  #9  
Forum Regular
 
Joined: Sep 2008
Posts: 91
Mzee will become famous soon enough
Default Re: money issues

Originally Posted by noni View Post
Would like to start a new thread of how to transfer money from UK when the rupee is on a high in Monsoon. Have heard that some people have only been charged as little as £10? Anybody got the names of the banks which transfer to HDFC Goa for that amount.

Still have problems with site, cannot start threads etc.
We transfer via Citibank. The transaction is instant and online- you can log into both accounts and see the money transferred in seconds. There are no charges and we normally get the best rate that way. They should be able to help even if you don't have an account with them
Mzee is offline  
Old Jan 28th 2009, 2:50 pm
  #10  
BE Enthusiast
 
emsirrah's Avatar
 
Joined: Jul 2007
Posts: 761
emsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant futureemsirrah has a brilliant future
Default Re: money issues

Originally Posted by johnny five View Post
You got the "telling Mitzy to f-off bit" wrong too, it happened on 15th Nov. 2008. Thought it sounded familiar!
Love
J5
Really am having a "senior moment" day today J5 - must have been too early in the morning. Will go and have a look. Some of these threads are being resurrected after a year and I never look at the dates - until it is too late it seems.
emsirrah is offline  
Old Jan 30th 2009, 1:00 pm
  #11  
geek
 
a_f_d's Avatar
 
Joined: May 2007
Posts: 2,941
a_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to behold
Default Re: money issues

Originally Posted by Goacrazy56 View Post
Hi Noni try ICICI we transfered money out with them last year and it was about £10 but we have an account with them
we use ICICI as well but our last transfer we got a v. poor rate - Rs. 69.5 where on the same day we got Rs.72 for a small withdrawal on an ATM (good old Nationwide!)
Think I'll talk to CitiBank or Axis

AndyD 8-)#
a_f_d is offline  
Old Feb 3rd 2009, 9:43 am
  #12  
Just Joined
 
Joined: Oct 2008
Location: Zagreb, Croatia
Posts: 8
terraincognita is an unknown quantity at this point
Default Re: money issues

the best bank in Goa for FNs? which is it??
terraincognita is offline  
Old Feb 3rd 2009, 12:22 pm
  #13  
Account Closed
 
Joined: May 2006
Posts: 1,146
Goacrazy56 is an unknown quantity at this point
Default Re: money issues

Originally Posted by terraincognita View Post
the best bank in Goa for FNs? which is it??
IDBI never had any problems and the service is brilliant
Goacrazy56 is offline  
Old Feb 3rd 2009, 1:08 pm
  #14  
Forum Regular
 
Joined: Mar 2008
Posts: 268
jcbrum is an unknown quantity at this point
Default Re: money issues

I HAVE different bank accounts here,HDFC and ICICI.

Hdfc are by far the best,excellent service and nothing is too much trouble for them.As for icici,totaly useless,we have been trying to change our address with them for the past 8 months and it still hasn'nt been done.

John
jcbrum is offline  
Old Feb 3rd 2009, 1:09 pm
  #15  
Banned
 
Joined: Oct 2008
Posts: 2,478
johnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond repute
Default Re: money issues

I think you will find that under Indian financial laws, you are required to hold a valid visa whilst operating a bank account.

Strictly following the letter of the law you should close your bank account before one visa ends and open a new one when you return.

Different banks have different attitudes to this situation, some ignore it, some are aware and rigorously enforce it, some deny the law exists, etc. Bear in mind, its in their interest (sic) to get hold of your money, like any bank. In theory, having a UK ICICI bank account doesn't alter any of the above.

The law involved is FEMA (Foreign Exchange Management Act) which is available on line if you search. The wording is in plain English and straight-forward.

With the Indian Authorities closing in on everything foreigners do here, especially the British, please be careful, we have heard of some "panicky" situations.

If you simply want to access your money while on holiday, a Nationwide Flex account allows you to draw from ICICI atms (and it would appear, some others) free of charge and at good exchange rates.

If you are trying to gain from the higher interest rates available here, then please accept that there are risks involved, not just with the "credit crunch", as Indian banks do not offer the guarantees given in the UK, but also the "illegality" of having a bank account without a valid visa.

J5

I posted this on HT yesterday as so many of the "happy-holidaymakers" were extolling the virtues of their Goan bank accounts. Thought it might be relevant to this thread as well. Quite happy to be told I am wrong, but please check first, before you do!
johnny five is offline  

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.