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RFC BANK ACCOUNT
FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
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...
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...
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...
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...
These large- and mid-cap stocks can give more than 25% return in 1 year, according to analystsWhen will the Gulf war end? No one can answer that with any certainty. But whenever it ends, the probability is that volatility will contin...
These 8 banking stocks have an upside potential of more than 23% in 1 year, according to analystsBanking stocks will continue to take a hit if there is any sign of strong inflationary pressures emerging. And the one thing that can push ...
RFC account for NRIs: What is it, eligibility, how to open and moreFor non-resident Indians (NRIs) planning to return to India, managing foreign earnings and assets efficiently is crucial. One effective way...
Resident Foreign Currency or RFC account: Who can open, how does it work?A Resident Foreign Currency account can be opened by individuals who come back to India after their stay abroad; by non-resident Indians (N...
NRE FD interest rates: SBI Vs HDFC Bank Vs ICICI Bank Vs Yes BankAn NRE account is a bank account opened in India by an NRI for the purpose of depositing foreign income. For NRIs who desire to convert the...
How a returning NRI can open resident foreign currency accountA returning NRI has the option of bringing the funds to India by opening a Resident Foreign Currency (RFC) account with a bank here.
How to manage your bank accounts when you return to IndiaWhen an NRI comes back to India and becomes a Resident Indian, he is required to inform his bank about the change of status. Here's the low...
Why Delhi based Ashish Gupta's Cougar Motorsport is a dream come true for motorsport enthusiastsDelhi-based Cougar Motorsport, which kicked off with a four-day motorsport event in Rajasthan, The Desert Dash, has organised close to 70 e...
Bring back foreign currency: RFC accounts for returning NRIsRFC accounts can be maintained by resident Indians in foreign currency. These are useful for NRI who return to India.
- RBI relaxes norms to utilise foreign currency account balance
Relaxing the norms for exporters, RBI today dispensed with the condition of fully utilising EEFC (Exchange Earner's Foreign Currency) balan...
Changing investor status from NRI to a resident? Things to knowA change in the status from non-resident investor to a resident investor has to be registered with investment and service providers.
NRIs returning to India: Avail the benefits given under tax lawsHome-coming would be easier on pocket with proper understanding & utilisation of benefits given under Indian tax laws.
NRIs can now open joint accounts with resident IndiansRBI has allowed residents of India to include non-resident close relative in their resident bank accounts on 'former or survivor' basis.
- SBI hikes foreign currency deposit rates
State Bank of India today increased interest rates on foreign currency deposits effective from tomorrow.
- Bank accounts for returning Indians
It would certainly facilitate the decision making process if the RBI settles the issue of the residential status for returning Indians. NRI...