Banks and related processes are also affected by the curfew. For example, it is currently not possible to send original documents to banks because courier services are inactive and/or the banks cannot receive shipments. This is why foreign transfers from India (e.g. to Europe) are interrupted. The banks will certainly initiate appropriate changes to the procedure in the coming days. However, effects, e.g. on the upcoming annual financial statements, are not to be expected and/or are more of a cosmetic nature.
update from 26.3.
The banks instead of submitting Original documents (e.g. for international transfers) nun also the sending of such documents per fax to accept. However, such processes still need to be testedIf In case of emergency, therefore direct contact with Your banker.
update from 31.3.
After many banks needed a few days to find their way under the difficult conditions, most banking transactions are now functioning more or less “normally” again. Online banking is also still possible without restrictions.
Update from 14.4.: Acceptance of digital documents at banks and in annual financial statements / auditing
While in India many business and audit processes have required “analog” paper documents, banks have now been and auditors asked to insteadsweet digital documents equally to accept. Thus, kFor example, annual closing work can be included.
If, under the current circumstances, you lack the “head” and the calm to deal with banks or authorities, please contact us by phone or email.