No Penalty charges on minimum balance in inoperative accounts.
RBI Circulars (RBI/2013-14/581)
Now minor accounts can now be opened under Mother's guardianship also.
Custom Free Baggage Allowance
If stay aboard is more than 3 Days - Any Indian above 10 years can bring goods into India of value upto Rs 35,000/- and below 10 years upto Rs 15,000/- in person or in accompanied baggage, else the limit is Rs 15,000/- and Rs 3,000/- respectively, other than personal effect (daily use) items.
If retunring from Nepal, Bhutan, Myanmar or China the limit is Rs 6,000/- and Rs 1,500/- respectively.
The above limit includes Cigarettes upto 200 Nos, Cigars upto 50 Nos., Alcoholic liquor/ Wine upto 2 litres.
An Indian cannot import Jewellery/Flat (LCD/LED/Plasma) Panel TV, duty free.
Foreigners can now bring Indian currency upto Rs 10,000 in India without declaration.