Practical banking steps before, during, and after CBI/RBI applications to keep funds flowing.
- Escrows & Program Payments: program-approved accounts; government fees.
- Proof of Funds: preparing statements for due diligence agents and banks.
- Jurisdiction Mismatch: residence vs. banking country; tax reporting.
- After Approval: migrating primary banking, card issuance, family add-ons.
- Case Studies: donation route vs. real estate route flows. FAQ:
- Can I use crypto proceeds? Possible with robust provenance and liquidation records.
- Are program dues refundable? Terms vary; read the engagement letters. Editor’s Note: Sync your banker and migration advisor early. Tags: CBI, RBI, Escrow, Due Diligence