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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,......

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......

ICICI Bank revises NRI deposit rates

ICICI Bank on Friday said it has revised interest rates on foreign currency NRE fixed and FCNR deposits from July 1. Interest rates on NRE fixed deposits of 12 months and above but less than 18......

  People speak for fcnr b

  • QNA
Q. NRI logon ko india itna importance kyon deti hai? NRI logon se hame kya fayda?
:  A. During first sanctions by US after Pokhran, US$2B aid was stopped by US. same time RBI reduced limit of FCNR saving from US$5000 to $2000. Ordinary...... more

http://qna.rediff.com/questions-and-answers/nri-logon-ko-india-itna-importance-kyon-deti-hai-nri-logon-s//answers/12370852

LAXMAN c
Q. Hello , This is Bharat , Currently I am located abroad. I have home loan monthly installment which i m paying though my saving bank account. but recently I came to know as per RBI , it is not legal to use my saving bank account. I hv NRO as well as NRE account , which guide me sincerly which account i can use for mly Home LOan EMI payment? also pls write advantage/disadvange of NRO/NRE account....
LAXMAN C:  A. Hi.You can avail of housing loan in rupees from an Authorised Dealer or housing finance institution subject to certain terms and conditions. Such a...... more

http://qna.rediff.com/questions-and-answers/hello--this-is-bharat--currently-i-am-located-abroad.-i-have/12370634/answers/3507445

  Web results for Fcnr B
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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