Certificate Course in Foreign Exchange Facilities for Individuals
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7 modules
Lifetime access
Unlock Your Career Potential in Banking Sector with Our Forex Officers Interview Program
Overview
This course is designed to prepare candidates for the interview process for the position of Forex Officers in Public Sector Banks. Participants will gain in-depth knowledge of the banking sector, foreign exchange operations, and interview techniques specific to this role.
Modules
Introduction to FEMA
4 attachments • 12 mins
Genesis of FEMA and repeal of FERA
Comparison between FEMA 1999 and FERA 1973
Important sections of FEMA 1999 and up to date amendments, Schedules-I, II and III
Compounding provisions under FEMA and the effect of non-adherence to FEMA provisions
Facilities available to residents under FEMA and the regulations that are applicable to Individuals covering areas such as
10 attachments • 33 mins
Meaning and definition of resident in India
Foreign travel
Outward remittances/advance remittances/ inward remittances
Refund of inward remittances and importance AML
Maintenance of foreign currency accounts
Permissions for investments abroad
Borrowings in foreign currency
Export of gifts and forward contracts
Foreign currency TCs purchase and encashment
International credit cards
Facilities available to and regulations applicable to non-resident individuals
8 attachments • 23 mins
Meaning and definition of non-resident Indian and Foreign national
Various schemes for non-resident Indians
NRE, FCNR and ONR account schemes
Deduction of TDS for NRO accounts-tax treaties
Tax havens and cautions in handling remittances
Borrowing opportunities and investment facilities in India
Guarantees by non-residents and deposits other than bank deposits
Risk management for non-residents
Miscellaneous aspects
3 attachments • 7 mins
In and out bound remittances
Opening of foreign currency and Rupee accounts in and outside India
Guidelines on taxation and TDS
Important Topics
8 attachments • 12 mins
Liberalised Remittance Scheme (LRS)
Import of Goods and Services
Role of Forex Officer in Public Sector Banks in India
How does Reserve Bank of India regulate the foreign exchange market in India
What is Foreign Trade Policy and who gives foreign trade policy in India
What kind of foreign currency accounts can be opened in India by banks
Deposits and Accounts
Exchange Earner's Foreign Currency (EEFC) Account – EEFC Account
Introduction to Forex Market
3 attachments • 8 mins
Overview of Forex Market
Functions of Forex Officers
Importance of Forex Transactions
Foreign Exchange Regulations
3 attachments • 10 mins
Legal Framework for Forex Transactions
Regulatory Compliance for Banks
Role of Reserve Bank of India (RBI)
About the creator
Learn with Swapraksha
Swapraksha is providing Online coaching for banking related certifications, lateral entry to banks & bank interviews. Our courses are designed as per industry requirements that ensure you are a fit in the organisational structure. Start your educational journey today!
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