Banking and finance in Mexico

 Questions:

1. What you get apart from Salary?

2. How to track your retirement fund?

3. What are the best preferred banks to transfer the account from Mexico to India?

4. Can I transfer money via Crypto Apps?

5. Is banking system is good like India?

6. Can I invest in Stock market in Mexico?

7.What documents require to open bank account in Mexico?

8. What is the FD interest rate in Mexico?

9. Can I withdraw fund before retirement?

 

Answers:

1. Mexico govt deduct retirement fund which goes such as EFP in India. These fund divides in 3 category.

2. There are third party vendor or company. You can open you account with them they invest your retirement fund.

3. Santander (Pay send app), HSBC (HSBC MX to HSBC India), Global 66 app.

4. Yes. But avoid such transfer which might cause any issue on amount or account.

5. Opening bank account takes 1 day but verification take around 1 week time. Banking services are far better in India.

6. Yes, Bank can provide such investment plan and schemes. you should enquire at your home branch. Check more...

7. Passport, TR card, RFC, Company employment letter and Address proof(Internet bill/Electricity/waster bill) All original.

8. As compared to India it is very less FD interest rate. Approx. 1-4% yearly.

9. Yes, you can contact legal adviser and can withdraw the fund.