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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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Indian Bank to cut rates for FCNR deposits

Chennai: State-owned Indian Bank has decided to cut its foreign currency non-resident (banking) deposit rates from Monday. In case of FCNR (B)... ...
Tax-free bonds looking attractive after rate cut

With RBI’s repo rate cut to result in banks first lowering deposit rates, tax-free bonds proposed to be floated by government companies look... ...
Rupee falls, NRI remittances surge

After the fall in the rupee's value, the flows are growing at 15-18 per cent. The fall in the rupee's value against the dollar has pushed the pace... ...
A complete guide to NRI tax implications

RETURNING INDIANS A returning NRI should know and understand various aspects of Foreign Exchange Regulations (FEMA),Indian Taxation and Banking... ...
Give banks priority sector lending benefit to boost gold monetisation, says WGC

KOLKATA: The World Gold Council has said that the government should provide an incentive to banks to promote the proposed gold monetisation scheme... ...

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