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FOREIGN BANK ACCOUNT RULES
New Zealand woman opens bank account in US after migration. Banks locks here $40,000 dollarA New Zealand woman faced a harrowing experience after depositing forty thousand dollars. Her newly opened Chase bank account was locked an...- NRO account for NRIs: Which funds can be deposited, tax on interest and repatriation rulesFor NRIs, establishing or converting an existing bank account is vital upon confirming non-residence status. An NRO account facilitates the...
- Rs 1.09 crore remittance sent to home by an Indian working in Kuwait, but he didn't file ITR, received income tax notice; gets relief in ITAT AhmedabadIndian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore back to family in India, files no...
- Foreign bank balance may be small, but its value could be much higher: How FAST-DS 2026 values your foreign assetsA foreign bank account with a small closing balance may have a much higher value under FAST-DS 2026. This article explains how different ty...
- MobiKwik expands digital forex retail service to six currenciesMobiKwik has expanded its digital foreign exchange service to six currencies, including the UAE dirham and euro. This new multi-currency of...
- JPMorgan, Jane Street probes show India scrutinizing Wall StreetIndia’s market regulator Sebi is intensifying scrutiny of global financial firms, targeting entities linked to JPMorgan, Jane Street, Bank ...
- Should you have multiple bank accounts? Here’s how many you really needShould you keep all your money in one bank account or spread it out? While multiple accounts can aid in budgeting and offer deposit insuran...
- India economy to regain its mojo, return to current account surplus: NITI Aayog's LahiriNITI Aayog Vice Chairman Ashok Kumar Lahiri stated the Indian economy is performing reasonably well. He anticipates the nation will soon ac...
- SBI ATM rules from October 1, 2026: Key changes customers should know
- Savings account interest rates of up to 7%: Canara Bank, Bank of India, IDFC First Bank revise rates; check detailsCanara Bank, Bank of India, and IDFC FIRST Bank have announced updates to their savings account interest rates, which will take effect on S...
- These 6 banking stocks have an upside potential of up to 25% in 1 year, according to analystsAt a time when a statement or missile can cause unexplained volatility, expecting rational behaviour in the equity markets is probably expe...
- Sebi eases FPI compliance rules for G-Sec betsThe Securities and Exchange Board of India has taken a significant step by relaxing compliance regulations for foreign investors. Foreign P...
- EPF interest after leaving job at 40: Will you earn interest till 58? Know the rules
- H-1B fee hike: Trump plan could push cost above $200,000A proposed $103,265 fee for H-1B petitions could raise sponsorship costs significantly. Indian professionals, who dominate H-1B approvals, ...
- Returning to India from the UK? Capital gains and inheritance tax may still applyNon-resident Indians should note that leaving the UK doesn't automatically terminate tax residency. Retaining connections might keep your t...
- AIFs seek status quo as 'foreign control' rules go for a recastLocal alternative investment funds have warned regulators about proposed changes. These changes could significantly impact capital inflows ...
- Slice’s big valuation cut; Betting networks under lensSlice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more in today's ETtech Top 5.
- Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder diesNRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriat...
- India’s current account deficit widens to $4.2 billion in Q1 FY27India's current account deficit reached $4.2 billion in the first quarter of the fiscal year. This widening was primarily driven by a highe...
- Can all NRIs, PIOs and OCIs open FCNR (B), NRE and NRO accounts?Individuals classified as Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are restricted from opening standard resident sav...
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