A list of all the banks in France is here
Two Indian Banks with branches in Paris are:
Opening a Bank Account [Current Account or Compte de Chèques]
Opening a bank account (compte de chèques or Current Account ) in France is simple and easy if you have the required documents.
Normally each back has its own monthly "Commission" (charges). Ask for this before opening an account at a number of banks in order to chose that which is the least costly. There are also offers while opening new accounts, for students under 25, sometimes offers are coupled with Medical insurance.
Main documents you will need in order to open an account in France.
- Passport and/or carte de séjour
- Proof of Residence in France. For example, France Télécom (telephone) or EDF (electric) bill or the copy of the contract of your rented apartment
- Many banks require a minimum deposit of 15 Euros (Some of them have no such requirement too)
They give a cheque book with the account. There are no charges for the cheque book. In France you can pay for almost anything with a Cheque. Just remember to carry an Id (Passport) with you whenever you wish to pay with a cheque.
A true joint account must be opened in the name of “Mr ou Mme” (Mr. or Mrs.), which allows either of the parties access (withdrawals, checks, payment orders) individually. An account labeled “Mr et Mme” (Mr. and Mrs.) requires the signatures of BOTH parties for access (withdrawals, checks, etc.), and so cannot be accessed by a surviving spouse.
You do not get any interest on the money in this account. Instead the French banks charge a commission (ranging from 3 euros to 15 euros per month)
Savings bank account or Compte d'épargne
You can open this at any time with the bank. You get about 1.75% (as of 2010. It was 3-4% in 2008) interest on the amount.
These are Livret A, Livret de Developement Durable (Sort of Savings bank and interest is non-taxable) or Compte Epargne (Savings bank, Interest is taxable) or Epargne à terme (Term depostis or Fixed Deposits. Also taxable). Ask your Conseiller at the bank for more details.
Carte Bleue, Debit and ATM Card
When opening an account, you may apply for a Carte Bleue (debit card). It is highly recommended that you take advantage of this very convenient financial service. There is an annual charge for the card, which is valid for two years. The carte bleue is widely accepted throughout France by retail merchants, hotels, restaurants, service stations, toll booths, paring plazas and practically every business enterprise. Most shops do require a minimum purchase, although toll booths and many service stations have no minimum requirement. You will also need the card to obtain cash from an automatic distrbutor of any other bank in France.
Relevé d’Identité Bancaire (RIB)
This piece of paper contains the name of the bank and branch where the account resides, as well as the account number and name and address of the accountholder(s). The French commonly pay their various regular expenses (i.e. rent, taxes, electricity, gas, and telephone) with an automatic payment directly from their bank account. When filling out a form for automatic payment, a Relevé d’Identité Bancaire (RIB) will be required. There are several RIBs included within checkbooks for this purpose. Bank will provide additional RIBs upon request.
Remittances to and from India
Remittances (money transfer) to and from India can be effected in following ways:
A Tip for transfer through ICICI bank Money2India:
Sorting code in ICICI bank Money2India
You will be having a RIB with IBAN which looks like
IBAN NUMBER FR70 9000 5080 9100 0009 2496 K98
it should be read like
IBAN NUMBER FR70 90005 08091 0000092496K 98
The sorting code is code banque + code guichet ( Bank code + Branch code )
So the sorting code to be entered will be 9000508091 (to be entered without space in the ICICI website)
Account number to be entered will be 0000092496 (if u have any alphabet(s) before the key/clé in your IBAN, neglect it/them while entering in ICICI website)
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