Thursday, December 19, 2013

How to open a Swiss bank account?

                         How to open a Swiss bank account?

I  want to make it clear. Neither me nor my family have that much money to open a Swiss bank account ! It was my curiosity to know about this.
Most of our politicians, business men and also tax evaders have an account there. Any one with money can open an account in a Swiss bank irrespective of their country , race.
There is no minimum amount balance . If we want to open an account in Swiss bank , we need 500 Swiss franks. But some banks have minimum balance conditions and it is just 1 million Swiss franks ( about 53 crores in Rs ). Phew!
But why do people choose Swiss bank ? Switzerland is a no war country. So, there is political stability. Swiss frank is a stable currency in the world. Swiss banks will not share the account details with anyone , as of now.
Thats why Indians choose Swiss banks to store their money , which is by illegal means.