Dear friends,
I am working for a European company (Office is in France). I will be paid in Euros. The company directly deposits the money to my bank account (I have given my Indian SBI account). I will get this money in terms of Rupees with the exchange rate on the day they deposit. But I want to get the money in Euros itself and I must be able to convert it to rupees whenever I want (when exchange rate is high). I just wanted to know how can I do this. As for now I have savings account in SBI(my salary account now) and a savings account (no frills) in Germany with internet banking and International debit card (Deutsche Bank).
As far as i know I have these choices now.
Change my salary account to Deutsche bank(Germany) in the company.
1) Open another bank account in Indian Deutsche bank branch and transfer from German Deutsche bank whenever I want.
2) Draw through Deutsche bank ATMs in India from German account whenever I require money.
3) Open Forex account in SBI and make it as salary account.
I also heard that Deutsche bank will charge min 1,500/- for transferring 1000 Euros from one country to another and 1% of the transfer amount which is too high compared to SBI (SBI-)
I look for no frills (no minimum balance) bank account types.
Please help me with this.
I am working for a European company (Office is in France). I will be paid in Euros. The company directly deposits the money to my bank account (I have given my Indian SBI account). I will get this money in terms of Rupees with the exchange rate on the day they deposit. But I want to get the money in Euros itself and I must be able to convert it to rupees whenever I want (when exchange rate is high). I just wanted to know how can I do this. As for now I have savings account in SBI(my salary account now) and a savings account (no frills) in Germany with internet banking and International debit card (Deutsche Bank).
As far as i know I have these choices now.
Change my salary account to Deutsche bank(Germany) in the company.
1) Open another bank account in Indian Deutsche bank branch and transfer from German Deutsche bank whenever I want.
2) Draw through Deutsche bank ATMs in India from German account whenever I require money.
3) Open Forex account in SBI and make it as salary account.
I also heard that Deutsche bank will charge min 1,500/- for transferring 1000 Euros from one country to another and 1% of the transfer amount which is too high compared to SBI (SBI-)
I look for no frills (no minimum balance) bank account types.
Please help me with this.