A joint venture company or a wholly owned subsidiary of a foreign company, being a company incorporated in India, can open a Bank account in any of the Bank registered with the Reserve Bank of India. Banks in India are now well equipped with latest technology banking systems. Following facilities can now be availed by any Company in India

• Down loading of necessary Bank account opening forms from the Net



• Net banking facility



• Third party transactions



• Digital Signatures



• ATM



• International transactions



• Availability of loan assistance



• Direct money transfer



• D Mat accounts for shares



• Issue of Credit Debit cards



• Travelers cheques



• Issue of foreign Exchange



• Inward and out ward foreign exchange remittances



• Easy documentation for export imports



• Call center facility



• Various services on phone banking



• Many more facilities

Therefore opening a Bank Account and operations thereof has become very simple now a day. A Foreign Company depending on the internal systems may design the mandate for operation of a Bank Account. The Banks in India are very safe and have achieved international standards.