NOSTRO Accounts

NOSTRO Accounts

NOSTRO Accounts

Demand deposit account, denominated in foreign currency maintained by domestic banks with overseas banks are called as NOSTRO Accounts.

NOSTRO Means “Our Account with You”.

Example: Any domestic bank like Bank of India has a US Dollar account with ICICI Bank then such account is called as NOSTRO Account.

Atul Kumar Pandey

I'm Atul Kumar Pandey, a professional blogger at GetHow by passion and founder of this blog by profession. Alongside blogging I am a college student also in BMS (Bachelor of Management Studies). Subscribe me to receive regular information and news on your interested topics. Follow me on Facebook, Twitter and Google+.

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