Best use of credit card September 30, 2013 12:09
Credit cards have different connotations for different people. Some are allergic to them, some use them to avoid carrying cash and still others see great ease and convenience in their use. I, per se, belong…
Read More
Risk free investment avenues in India for NRIs September 30, 2013 12:05
With rupee touching new lows every week, the non-resident Indians are showing keenness to repatriate money to India or invest in the country. But, by virtue of being a non-resident Indian, they are not allowed…
Read More
Can NRIs invest in shares? September 30, 2013 12:01
Yes, a Non Resident Indian (NRI) is allowed to invest without any limit on non-repatriation basis in shares and convertible debentures of Indian Companies issued either by public issue or private placement or right issues…
Read More
Who can open a foreign currency account? September 30, 2013 11:53
A person resident in India who has gone abroad for studies or who is on a visit to a foreign country may open, hold and maintain a Foreign Currency Account with a bank outside India…
Read More
What is a Resident Foreign Currency Account? September 30, 2013 11:48
Returning NRIs /PIOs may open, hold and maintain with an authorised dealer in India a Resident Foreign Currency (RFC) Account to transfer balances held in NRE/FCNR (B) accounts. Proceeds of assets held outside India at…
Read More
Karnataka Bank hikes NRE deposit rates September 30, 2013 11:43
Mangalore-based private sector lender Karnataka Bank on Tuesday said it has raised its NRI deposit interest rates by 50 basis points for three years to 10 years with maturity effective from September 2, 2013. "The revised…
Read More
NRIs still holding back in hope of further plunge in rupee September 30, 2013 11:34
Luring Non-Resident Indians (NRIs) with attractive investment opportunities may be a tested way of shoring up the domestic currency during the crisis, but this time it seems like the policymakers will have to wait a…
Read More
Pros and Cons - External Account for Non Resident September 30, 2013 11:26
Persons of Indian nationality or origin residing outside of India may open, with authorised banks in India, Non-resident External Accounts (NRE Accounts), designated in rupees. These accounts can be in savings, current, or term deposit…
Read More
