As the world gets more connected, people immigrate for work, invest in growing markets, and have cross-border business interests. Hence, it's common to have bank accounts in different countries. Here’s a quick guide on how to add your foreign bank account on Quicko.
Only resident Indians are required to report their foreign bank accounts in their India tax returns.
Steps to Add a Foreign Bank Account
- Navigate to Profile Icon > View Profile
- Go to Bank Accounts > Add Bank Account
- Choose the option Add Manually
- Select type as International Bank Account
- Add the required details i.e. Country, Swift Code, Name of Bank, and Account Number
Refunds will only be credited to an Indian bank account that has been pre-validated on the Income Tax portal.