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Nostro Vostro account

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22 September 2017 If Indian bank have an account in foreign with a foreign bank, it is called as Nostrils account, whether it is the same case if, an Indian Bank have an account with other Indian bank in India.

22 September 2017 The vostro account is held in the currency of the country where money is on deposit.
Nostro accounts are often used to simplify trade and foreign exchange transactions.

22 September 2017 Classification of Nostro Vostro Loro is mostly used in international banking.


24 September 2017 yes, that is true......and is important in the era of GLOBALISATION



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