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VOSTRO Accounts

February 7, 2014 by Atul Kumar Pandey

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.

Filed Under: Business Tagged: Bank, Forex, International Finance

About Atul Kumar Pandey

I'm Atul Kumar Pandey, a full time blogger at GetHow by passion and founder of this blog by profession. I write what makes me feel worthy enough to share.

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