The 60-second version
Georgian bank exit needs zero balance certificate, depot closed first if linked, GEL converted to USD, and SWIFT to NRE before India tax residency.
Close brokerage depot before GEL bank — zero balance certificate last
Georgian banks require linked securities depot at zero before full account closure — close brokerage first per Georgian brokerage guide.
TBC Bank and Bank of Georgia serve expats — convert GEL to USD before SWIFT to NRE.
Armenia neighbour: Armenian bank guide for Yerevan parallel account.
Georgian bank wind-down
| Bank | Currency | Step |
|---|---|---|
| TBC Bank | GEL/USD | Zero + close |
| Bank of Georgia | GEL | Convert USD |
| Liberty Bank | GEL/USD | SWIFT NRE |
| Linked depot | Securities | Close first |
Closure
Close depot
Brokerage zero first.
Convert GEL
USD leg.
Wire SWIFT
To NRE.
Closure letter
Bank certificate.
Schedule FA
Last FY foreign account.
Flow
Georgia bank kit
- Passport.
- Zero balance cert.
- SWIFT receipt.
- Closure letter.
- Personal number copy.
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Depot first
Bank will block closure if securities depot still open — sell holdings before bank visit.
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GEL account?
Convert to USD at bank before SWIFT — NRE accepts USD.
Schedule FA?
Declare account in last FY you held foreign bank.
FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
Brokerage parallel?
Georgian brokerage guide for Tbilisi depot.
Dormant fee?
Close within 90 days of India move to avoid monthly charges.
Joint account?
Both holders sign closure — or remove co-holder first.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.