VOSTRO Accounts

VOSTRO Accounts

VOSTRO Accounts

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

NOSTRO Means “Your Account with Us”.

Example: Any overseas bank like Bridge Bank has a INR account with Bank of Baroda, India 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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