Australian High Commission
New Delhi
India, Bhutan

Acceptable financial institutions for funds and loans- Visas and Migration

Financial Institutions for Funds and Loans

 

India

Home Affairs only recognises banks that are regulated by the Reserve Bank of India (RBI). 

 

These banks fall under the following categories and can be viewed here on the RBI website:

https://rbi.org.in/commonman/English/Scripts/BanksInIndia.aspx

  • SBI and Associates
  • Nationalised Banks
  • Other Public Sector Banks
  • Private Sector Banks - Indian Banks (not including Payment Banks or Local Area Banks)
  • Private Sector Banks - Foreign banks
  • Regional Rural Banks

 

Further information on the legal framework in India can also be viewed on the above link.

 

Nepal

Home Affairs recognises only those organisations that are regulated by the Nepal Rastra Bank as Class “A” Commercial Banks.

For further information on the legal framework in Nepal refer to the Nepal Rastra Bank website at:

http://nrb.org.np/bfr/bfrdirectives.php?vw=15

 

Bangladesh

Home Affairs recognises only those organisations that are regulated by the Central Bank of Bangladesh as “Scheduled” Banks.

For further information on the legal framework in Bangladesh refer to the Central Bank of Bangladesh website at:

https://www.bb.org.bd/links/links.php

 

Bhutan

Home Affairs recognises only those organisations that are regulated by the Royal Monetary Authority of Bhutan as Commercial Banks.

For further information on the legal framework in Bhutan refer to the RMA of Bhutan website at:

https://www.rma.org.bt/fiutp.jsp