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NRO DEPOSITS
FCNR(B) window may save banks Rs 4,000 croreBanks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs,...15 Jun, 2026, 05.58 AM IST- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...09 Jun, 2026, 04.57 PM IST
- These 7 private and public banking stocks have an upside of up to 23% in one year, according to analystsGiven how the market has moved in the last five-six trading sessions, the probability is high that a new readjustment trade has started. Th...03 Jun, 2026, 05.50 AM IST
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...27 May, 2026, 01.37 PM IST
- These 9 banking stocks have an upside potential of up to 32% in 1 year, according to analystsIt is always important to make a distinction between sentiment and real business. While sentiment can impact prices in the short term, it i...26 May, 2026, 11.52 PM IST
- NRIs pull out $2 billion from bank depositsOverseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve...23 May, 2026, 10.03 AM IST
- Indian diaspora withdraws $2 bn from banks amid West Asia turmoilIndian diaspora withdrew nearly two billion dollars from local banks in March. This withdrawal was driven by geopolitical conflicts in West...22 May, 2026, 08.44 PM IST
- These 6 banking stocks have an upside potential of up to 30% in 1 year, according to analystsIt is a question often heard on the street: Which is better, private or PSU banks? To some extent, it is a meaningless question. Both priva...19 May, 2026, 11.58 PM IST
- These 8 private and public banking stocks have an upside of up to 27% in one year, according to analystsInflation is at a 13-month high, primarily led by a rise in food prices. And with an impending fuel price hike, it could spike even more. A...13 May, 2026, 12.20 AM IST
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...30 Apr, 2026, 12.07 PM IST
- NRI deposits jump 43% in April-December 2024, shows RBI dataNRI bank account inflows rose by 42.8% to $13.33 billion between April and December 2024, compared to the previous year. FCNR(B) deposits s...20 Feb, 2025, 12.49 PM IST
- Senior citizens can get 7.25% interest on this Bank of Baroda special FD schemeBank of Baroda, a public sector bank, has launched a special fixed deposit scheme called 'Baroda Tiranga Plus Deposit Scheme'. The newly la...03 Nov, 2022, 01.07 PM IST
- State Bank of India cuts interest rates on NRE/NRO depositsState Bank of India today said it has reduced interest rates in NRE/NRO deposits of five years and more maturity, to 8.50 per cent.06 Aug, 2012, 11.30 PM IST
- Banks raise $10 billion from NRE depositsBanks have mobilised more than $10 billion from overseas Indians through nonresident rupee deposit schemes since December.11 Jul, 2012, 07.36 AM IST
- Falling Rupee, high interest rates bring home a flurry of DollarsIndians working overseas are sending back record amount of dollars to take advantage of strong greenback and lucrative returns offered by b...19 Nov, 2011, 08.08 AM IST
- For NRIs, home is where the investment should beRising prospects of realty & stocks, plus better interest rates prompt overseas Indians to keep money in NRO accounts. NRIs: Away but unite...23 May, 2008, 01.00 AM IST
- ICICI Bank launches high yield fixed deposit scheme for NRIsICICI Bank has launched a new non-resident ordinary deposit feature in order to enable NRIs to maximise their post tax yield on NRO fixed d...10 Dec, 2007, 04.59 PM IST
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