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BANK ACCOUNT UNEXPLAINED DEPOSITS
Banks seek RBI nod to let NRIs break & rebook existing depositsTo incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. ...19 Jun, 2026, 12.20 AM IST- TMC's Aroop Biswas writes to bank, seeks freeze on party's Rs 675 crore account amid leadership crisisA major crisis has hit the Trinamool Congress. Former treasurer Aroop Biswas has asked a private bank to freeze the party's Rs 675 crore ac...18 Jun, 2026, 09.54 PM IST
- Indian money in Swiss banks dips to CHF 3.25 bn; customer deposits upIndian funds in Swiss banks saw a decrease in 2025, reaching 3.25 billion Swiss francs. However, customer deposits experienced a significan...18 Jun, 2026, 06.05 PM IST
- RBI removes cap on NRI deposit rates until SeptemberThe Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overse...18 Jun, 2026, 05.57 AM IST
- RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract ...17 Jun, 2026, 10.18 PM IST
- RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas fundsThe Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE...17 Jun, 2026, 07.58 PM IST
- How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREsThe Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. T...17 Jun, 2026, 06.39 PM IST
- FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIsFollowing RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have laun...17 Jun, 2026, 01.28 PM IST
- Rs 25,000 monthly investment in 5-year RD: Check maturity in SBI, PNB, post office, HDFC Bank and other recurring depositsRecurring Deposits offer a safe way to build savings with fixed monthly investments. Investors can choose between banks and post offices fo...16 Jun, 2026, 04.39 PM IST
- RBI eases investment rules for NRIs, OCIs; permits designated repatriable rupee accountsThe Reserve Bank of India has updated investment rules for Non-Resident Indians and Overseas Citizens of India. Individuals residing outsid...16 Jun, 2026, 07.00 AM IST
- SBI revises FCNR(B) interest rates up to 5.75%: NRIs, OCIs & POIs can earn more on these depositsFCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its ...15 Jun, 2026, 04.24 PM IST
- To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar depositsIndia saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until ...15 Jun, 2026, 12.03 PM IST
- Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...15 Jun, 2026, 07.43 AM IST
- 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
- Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...12 Jun, 2026, 10.44 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
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...02 Jun, 2026, 07.11 AM IST
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