This case study examines NRI saving bank accounts held by international students in India. It surveyed 40 students from 5 universities about their banking experiences. 75% of students had an NRI saving account, with most finding the account opening process difficult due to extensive documentation requirements. Students offered recommendations to simplify the process for international students, such as universities partnering with banks and lowering documentation barriers. The study provides insights into how international students manage finances and interact with the Indian banking system.

1. Case Study About NRI Saving Bank account
EMBA
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Case Study:
Analysis and reporting
About ( NRI)
Saving Bank Account
with some International students In India
Monday, 16 February 2015
Highlights
This Case study is related NRI saving Banking Account Number with some
international students in India, using Indian bank system dues income tax
interested rate credited by Reserve Bank of India (RBI) known as Central banking
and monetary authority of Indian Bank System, scheduling commercial banks and
co-operative banks, as a part of financial intermediation and mobilisation of saving
in form of deposit(Demand deposits and time deposits) the money accepted by
banks from customer to be held under stipulated terms and conditions like accepting
deposits from public for the purpose of lending. I wanted to know how many
International students have a bank an account of Non Resident Indian which can
be:
a) Current Account
b) Saving bank account
c) Term deposit account
Students are allowed to open NRI saving Bank Account according to a Senior
employee of Karnataka Bank in Sector 31 In Gurgoan Haryana in South of New
Delhi.
According to Senior Employee of State Bank of India in Gurgoan students are
allowed to open NRI Saving Bank Account Number if they come with all documents
the Bank require.
ONAL INSTITUTE OF BUSINESS MANAGEMENT –EMBA
BY Eduardo Samba Ondula Cambinda
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Contents
02 Executive Summary
03 An overview of The India Banking Market
04 Sources
06 Operational efficiency
07Conclusion
08 Appendices
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BY Eduardo Samba Ondula Cambinda
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02 Executive Summary
In terms of the Foreign exchange Management Act(FEMA), 1999, a person resident
outside India is not resident in India, this person is called (NRI) Non-Resident Indian
may open NRO account, Non-Resident ordinary account putting through Bona fide
transaction.
Saving Banking Account is a form of demand deposit which is subject to restrictions
on number of withdrawal as well as on the amounts of withdrawals during any
specific period. Minimum balances may be prescribed in order to offset the cost of
maintaining and servicing such deposits.
Wanted to know and to learn more about how to open NRI saving Bank account
Number, what international students face to open Saving NRI Banking A/c Number.,
asked different International Students 3 question which i have wrote in my diary :
1-Do you have a saving Banking Account number In India?
a)if yes, why you need it?
b)if no, why you don't have it? how do you make your transaction?
2-why do you need saving bank A/c Number?
3-Tell your experience with Banks in INDIA?
a) Excellent
b) Good
c) Bad
According SBI in Gurgoan Sohna Road and Karnataka Bank in Sector 31 IN
Gurgoan South of Delhi, students are allowed to open NRI saving Bank Account
according to a Senior
employee of Karnataka Bank
.
According to Senior Employee of State Bank of India in Gurgoan students are
allowed to open NRI Saving Bank Account Number if they come with all documents
the Bank require. He also don’t know what kind of documents.
ONAL INSTITUTE OF BUSINESS MANAGEMENT –EMBA
BY Eduardo Samba Ondula Cambinda
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Sources:
40 international students
Table No 1
Total: a) 40 students from 5 universities
b) 5 Universities( Apeejay Stya university, Ganpat University Kherva, Amity
University, Stratford University New Delhi, ANSAL University)
Table No 2
No Countries Number of
students
age Number of
Universities
11 40 18 to 30 5
Number of
students
Students with
Bank account
Students
without
Banking
Account
Percentage
Of students
With Bank
Account
Percentage
Of student
Without
Account
40 30 10 75% 25%
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BY Eduardo Samba Ondula Cambinda
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03 An overview of The India Banking Market
The Government of India issues directives from time to time to the banks to providing
credit to the priority sector and other specified groups and implementation of various
poverty alleviation programmes.
Converting short-term liabilities to long term assets, converting risky investment into
relatively risk-free ones.
Matching small deposits with large loans and large deposits deposits with small
Loans.
In Legal Framework restriction placed on access depend upon the terms and
Condition of the account and the provider, the account holder retain rights to have
Their funds repaid on demand.
ONAL INSTITUTE OF BUSINESS MANAGEMENT –EMBA
BY Eduardo Samba Ondula Cambinda
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Students By Countries
1. Uganda
2 students
a)Bachelor of pharmacy 1ST year Apeejay Stya University Sohna
“ I don’t have Bank A/c number, I think that university could guide me let me know
the required documents just like that, university should help me because I am
student here in India and bank need document from University,
I use normal money transfer, western Union, I am mature to carry my money but I
should keep it in bank, I can’t move with money everywhere”
b) Bachelor of civil Eng. 3rd year Ganpat University
“ I have saving bank A/C my university help me to open it in second day I reach India
from State Bank Of India, they shouldn’t maximise a/c to let customer deposit any
amount in a day ie more than Rs 50.000, the service is good”
2-Bangladesh
1 student of B. Tech Electrical and telecommunication 2nd year
“yes i have a saving banking account in India. I need it because i have to pay the
tutorials fees of college and maintenance, education fee those things i need a bank
a/c number in India”
3-Nepal
1 student of B.Tech of Computer Science 2nd
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“ I don’t have Bank a/c to open it I need passport, I don’t have passport or ID card I
pay my school fee with Demand Draft like check and I give to university, I have
debit ATM card from my country ,
Universities should be linked with some Indian banks to help local and international
students to open Bank a/c number”
4-Ghana
1 student of Master of Bio-Tech
“ I have saving Bank A/c was very difficult to open A/c No, they was said that
foreigner are not allowed to open Bank A/c in India, I think that the universities
should deal with Banks and school fee should be paid through that Bank”
5-Nigeria
15 Bachelors students from Engineering, Journalism, Business and Management
Table 3
‘’ for a student of IT from Stratford University New Delhi Indian bank have different
policy, In Nigeria they have online service which I use”
“ for a student of Computer Science from Apeejay Stya University Sohna in bank so
many papers work, to many bored question, open account in India is waste of time”
6,6% with Saving Bank a/c number
60% of Nigerian students in this case study don’t use Indian Bank System
transaction, they use Nigerian Banks with ATM bank card, money transfer western
union etc.
33,3% of Nigerian students Don’t absolutely nothing about Indian banking service
system.
No of Students Students with
saving Bank A/c
Students without
saving Bank A/c
No comment
15 6 9
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BY Eduardo Samba Ondula Cambinda
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ONAL INSTITUTE OF BUSINESS MANAGEMENT –EMBA
BY Eduardo Samba Ondula Cambinda
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92%
8%
students with a/c students without a/c

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6-Angola
8 students Bachelor Technology
Table 4
37,5% of Angola students use Indian Bank System, the quality of service is Good
62,5% using visa debit card from Angola, swift bank transfer, western union and
No of students Students with a/c Students without
a/c
No comment
8 3 5
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BY Eduardo Samba Ondula Cambinda
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62%
38%
students with a/c students without a/c

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money gram
7-Bhutan 3 students
Bachelor of Civil Engineering 2nd year
“ we don’t have A/C Number here, open bank account here take so long time and a
lot of documents a lot of verification, unwanted process they don’t do their work
smoothly, they don’t like foreigner people well, we have master card at all from my
country directly use it, I think that they should help international students to open
Bank A/c number that is it”
8- Mauritius
1 student Bachelor of journalism 1st year
“Have Bank A/C, was easy to open it, don’t have a lot of problem with money
transaction money come from country through my bank A/c No bank should attract
more students give more facilities”
9-D.R. CONGO 4 students
a)B.Tech Electronic 2 students 2nd year
“ we have bank a/c number was so easy to open it I went to ICICI
They make things easily for us, my university always ask me to pay my fee through
Bank, but they don’t help us to open bank a/c number,
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BY Eduardo Samba Ondula Cambinda
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b) B.Tech computer Science 2 students 2nd
“ we have the bank a/c number it took 2 month to open and was not easy to open it,
there is so many question, there is so many documents, they ask us the name of
our fathers how much we spend monthly, income from abroad, we was there to
open a/c number not for an interview “
c)”ANSAL University
‘’ i dont have it in my country that in my country i don't need it here”
d) Amity University
“i have account number in India, it take 2 weeks to open is more developed than my
country, i don't know they should decrease the amount to open bank a/c number in
private sector for students “
10-Mongolia
1 student of MBA
“ I don’t have Bank account here, I use debit Card from my country, I don’t know
nothing about banking here”
10- Zambia
3 students
a) Bachelor of civil engineering 1st year
“ I don’t have a bank a/c number I am planning to open, I receive my
transaction by west Union, it is not safe to carry money, I think that bank in
India charge a lot of tax, when I receive my money from my parents in my
country my protection is to strong I keep it with my everywhere my protection
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BY Eduardo Samba Ondula Cambinda
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is to strong, I think that Indian bank they should attract more student to keep
the money in Bank”
b)Bachelor of Bio-Science 2nd
“ About Bank system no comment I don’t use it here”
c) Master Journalism Apeejay Stya University
“ i don't have bank a/c number because i have one in my your country
i want open an account here it take time ”
11-Rwanda
1 student from Apeejay Stya University Master of Bio-Technology
“I am not interested in saving Bank A/C here I have a little time to stay here, I receive
money by western union I don’t have any idea about Bank Transaction in India bank
system, I suggest the Indian Bank doing marketing everywhere because I don’t
their policy, many people don’t speak English I those banks, they should attract the
students to keep money in system”
ONAL INSTITUTE OF BUSINESS MANAGEMENT –EMBA
BY Eduardo Samba Ondula Cambinda
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07-Conclusion
75% of international students in this case study don't have NRI bank a/c.
25% of the students in this case study have NRI Bank a/c
ONAL INSTITUTE OF BUSINESS MANAGEMENT –EMBA
BY Eduardo Samba Ondula Cambinda
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26%
74%
students with a/c students without a/c

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Total number of students 40 international students.
.
07- APPENDICES
www.nri.rbi.org.in
International students interview
2 senior employer comments of India Bank System in Gurgoab
Study Material of National Institute of Business Management:
a)Banking Management -part I and II
b)Financial Management part I and II
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BY Eduardo Samba Ondula Cambinda
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