How do you open an US bank account from India?
According to RBI notification(Circular No. 64 ) dated Feb 04,
2004, under the Liberalized Remittance Scheme, resident individuals
(an Indian) can open, maintain and hold foreign currency accounts
in banks outside the country and transfer up to $100,000 (about Rs
41 lakh) a year in them without prior approval of the Reserve Bank.
The amount deposited in foreign bank accounts may be utilized to
invest in mutual funds, venture funds, unrated debt securities,
promissory notes and shares under the scheme. Under LRS, an
individual will have to quote his or her PAN to avail the benefit
of the scheme. Get in touch with any of the commercial banks in
India also operating in the city/location in USA where you wish to
have a bank account. The bank will help you complete the
formalities and open an account in USA. You can also apply for the
international credit cards (ICCs), once you will have an account
with the foreign bank .