Bank name at point no-3 in form 15cb

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Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2014 sir our client has account in state bank of India. SBI will transfer in Indian Currency to Bank of Tokyo and Bank of Tokyo will make payment in foreign exchange to the receipent, which bank name should be enter in form 15CB either SBI or Bank of Tokyo as remitter bank

CA UMESH DULAL

CA UMESH DULAL (Expert)
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11 June 2014 The bank which transfer your money to foreign bank i.e. SBI

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Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2014 but actual payment in foreign currency made by bank of Tokyo from India to Foreign country

CA UMESH DULAL

CA UMESH DULAL (Expert)
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11 June 2014 No SBI will transfer the amount to Tokyo and Bank of Tokyo in turn transfer the amount to the concern party's account

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2014 sir SBI will tfd in indin Currency to Bnak of Tokyo in India and bank of tokyo will convert indian currency into foreign currency and than will remit it to out side india

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