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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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A checklist for nris returning back to india

As an NRI, you have decided to return to India and are wondering how you should go about it. Well, Non-resident Indians, wishing to return to India... ...
NRI deposits in domestic banks swell by $10 billion in first half

KOLKATA: What if foreign funds are pulling out expecting the US Federal Reserve to change its zero-rate monetary policy? Deposits by the Indian... ...
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2015


KOLKATA: Overseas Indians have raised their investment in bank deposits as they looked to seize the advantage of a weak rupee as well as the... ...
FCNR interest is not taxed if you are a non-resident

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