Do I need current account for IEC?

Do I need current account for IEC?

Originally Answered: Can an individual apply for IEC code and is current account mandatory for IEC code? No. Individuals cannot be apply for IEC. However, if you own a business in proprietorship or in partnership then by submitting your Pan number you can apply for IEC.

Who is responsible for Importer Exporter code Number?

Director General of Foreign Trade
IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies.

What is IEC code in banking?

An IEC Code, better known as the Import Export Code, is mandatory for all entrepreneurs who wish to start an import or export business in India. The Director-General of Foreign Trade is the body responsible for issuing the IEC code to businesses in India.

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What is Importer Exporter code in Icici bank?

What is an IEC Number? A. IEC stands for Importer-Exporter Code. No export or import shall be made by any person without an Importer-Exporter Code (IEC) number unless specifically exempted.

How to import and Export bank accounts from NWBC?

From NWBC application, click on the Import and Export Bank Accounts tab. Follow screenshot below For exporting the bank accounts, select Export Bank Accounts into an XML File. Save the file by giving the file name as Bank_Accounts.xml. The downloaded file consists of all the bank account master data that exist in your system in XML format.

How to export the bank account master data?

For exporting the bank accounts, select Export Bank Accounts into an XML File. Save the file by giving the file name as Bank_Accounts.xml. The downloaded file consists of all the bank account master data that exist in your system in XML format. In this downloaded version you can directly make changes to the XML file.

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How do I import a bank account from a template?

Import Procedure. The same process works for full directory load or you want a selective load by deleting some of the entries in the template. From the NWBC application, choose Tool Import and Export Bank Accounts. Pick the file you downloaded in the export procedure above for importing to a new client.

How to export bank accounts to an XML file?

The downloaded file consists of all the bank account master data that exist in your system in XML format. In this downloaded version you can directly make changes to the XML file. When you choose Export Bank Accounts to an XML File, you should get this pop up on your screen, save it to any folder of your preference.