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  • Business

FCNR deposits: A safe bet for NRIs

Here’s how NRIs can protect their overseas earnings from exchange rate risk.In the last few months emerging markets have seen an unprecedented volatility in currency which created a sense of......

SBI hikes interest rates on NRE deposits

State Bank of India has hiked interest rates on its FCNR (B) and NRE (Rupee) deposits with effect from on Monday.For NRE (Rupee) deposits for a duration of one year to less than two years, the rate......

Banks revise FCNR deposit rates

State Bank of Indian and Bank of Baroda on Tuesday hiked the interest rates on foreign currency non-resident bank account deposits and non-resident external term deposits with effect from June 1,......

SBI hikes interest rates on FCNR, NRE deposits

State Bank of India on Monday raised interest rates on deposits of Non Resident Indians with effect from May 1.The bank raised the interest rates on Non Resident Externalrupee deposits of one year......

UBI revises NR deposit rates

The Union Bank of India has revised downwards the interest rates applicable to its dollar-denominated FCNR (B) and NRE (Rupee) term deposits.The revised rates come into effect from Wednesday, a......
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  People speak for fcnr

  • QNA
Luv Verma
Q. complaints against kotak bank of fcnr account
Luv Verma:  A.  more

http://qna.rediff.com/questions-and-answers/complaints-against-kotak-bank-of-fcnr-account/21821153/answers/

Luv Verma
Q. Can I open NRE, FCNR & NRO accounts in joint names?
Luv Verma:  A. Yes, you can open NRE & FCNR jointly provided the other person is also an NRI. These accounts cannot be jointly held with an Indian resident....... more

http://qna.rediff.com/questions-and-answers/can-i-open-nre-fcnr--nro-accounts-in-joint-names/21821153/answers/18738992

  Web results for Fcnr
The Week That Was - September 08 to 12, 2014

Top Stories July IIP at 0.5% The IIP for the month of July 2014 stands at 172.3, which is 0.5% higher as compared to the level in the month... ...

http://www.indiainfoline.com/article/news-top-story/the-week-that-was-september-08-to-12-2014-114091200141_1.html
RBI

Indias external debt, as at end-March 2014, was placed at US$440.6bn (23.3% of GDP) recording an increase of US$31.2bn (7.6%) over the end-March... ...

http://www.indiainfoline.com/article/news-top-story/india-s-external-debt-stock-up-7-6-at-end-march-2014-rbi-114091100078_1.html
RBI releases its Monthly Bulletin for September 2014

The Reserve Bank of India today released the September 2014 issue of its monthly Bulletin. The Bulletin includes four special articles: (1)... ...

http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=32050
NRI Deposits Account A Quarter Of India's Total External Debt

BANGALORE: In terms of the Foreign Exchange Management Act (FEMA) 1999, a resident outside India means a person who is not residing in India. NRIs... ...

http://www.siliconindia.com/finance/news/NRI-Deposits-Account-A-Quarter-Of-Indias-Total-External-Debt-nid-172349.html
Too much exposure to NRI investments is risky for India

Nobody should underplay the risks associated with excessive exposure to one source of financing - be it commercial borrowing or NRI deposits, says... ...

http://www.rediff.com/money/column/column-too-much-exposure-to-nri-investments-is-risky-for-india/20140908.htm

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