Today I went Bank of China branch with an aim to buy USD. I was carrying with me my Salary Certificate, FEC, Income Tax receipts , Passport etc. required documents.
Now, on counter, I asked the concerned staff that I want to purchase "X" amount in USD and I filled the related forms. After going through my document that staff replied me - "The amount of USD that you want to buy exceeds than your monthly salary . They argue that if my monthly salary is this much, then how i can buy USD more than my monthly salary and it will not justify the legal source of income "
I replied - Then what is the problem ? - "I get salary every month and I save some amount from my salary every month and then once in a three months or four months i buy USD".
But that fellow did not understand and got rigid that i can buy USD only equivalent to my monthly salary or les than my monthly Salary.
Has anyone went through such frustrating encounters with low IQ staffs of Bank?
Hi, I don\'t think people working in banks are so low IQ as you would call them.
Perhaps you can ask him to show you the policy in print that explains what he told you. I could be very wrong but I\'m guessing it was related to foreign currency control.
Good luck.