Banking

Indians have a fancy of buying gold. Not only for jewelry but the trend to invest in Gold also emerged due to financial volatility since Covid & other political instabilities across the globe. The government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds (SGB). These willRead More

Type of NRI Bank Accounts – FCNR Part 3

by Madhupam Krishna

FCNR account for NRI, FCNR B, FCNR-Term Deposit Account, FCNR-Term Deposit Accounts or scheme, FCNR-Term Deposit scheme, Foreign Currency Non-Resident Account, Non-Resident Foreign Currency Account

This is Part 3 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the FCNR Account for NRI. We are giving you complete details of NRI related bank accounts. These are: NRO Account (Click for Details) NRE Account (Click for Details) FCNR Account forRead More

Type of NRI Bank Accounts – RFC Part 4

by Madhupam Krishna

Benefits fo RFC Account, NRI RFC, Resident Foreign Currency Account, Resident Foreign Currency Account for NRIs, RFC, RFC Account features, RFC account for NRI, RFC account RBI

A resident or resident, not ordinary resident (RNOR) may require, y keep foreign currency accounts as they may have still business unfinished after their return to India. These can be done using RFC Account for NRI. Here are the details. This is Part 4 of series of 4 updated articles to update you on theRead More

Type of NRI Bank Accounts – NRE Part 2

by Madhupam Krishna

Non-Resident External Account, Non-Resident External Rupee Account, NRE account for NRI, NRE Term Deposit Account, NRE-Term Deposit Accounts or scheme, NRE-Term Deposit scheme, Permissible Credits and Debits in NRE Account, Permissible Credits in NRE Account, Permissible Debits in NRE Account

This is Part 2 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRE Account for NRI. After NRO the foremost required account is NRE Account or Non-Resident External Account. This account will have all transactions where the earning source is outside India.Read More

Type of NRI Bank Accounts – NRO Part 1

by Madhupam Krishna

Non-Resident Ordinary Rupee Account, NRO account for NRI, NRO FD, NRO fixed Deposit, NRO-Term Deposit Account, NRO-Term Deposit Accounts or scheme, NRO-Term Deposit scheme, Permissible Credits and Debits in NRO Account, Permissible Credits in NRO Account, Permissible Debits in NRO Account, Remittances from NRO account, TDS on NRO Accounts

This is Part 1 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRO Account for NRI. This is the most basic account required by NRIs to manage their home affairs. Yes, the existing Indian savings & future earning should come to NRORead More

RBI 7.15% Floating Rate Savings Bonds 2020

by Madhupam Krishna

features RBI 7.15% Floating Rate Savings Bonds 2020, RBI 7.15% Floating Rate Savings (taxable) Bonds 2020, RBI 7.15% Floating Rate Savings Bonds 2020, RBI Bonds 2020, RBI Floating Rate Savings Bonds 2020, RBI floating Savings Bonds

Finally, the Government made amendments to Personal Finance Investors. They had closed RBI bonds on a Saturday, just giving half-day (Monday) to build panic among fixed-income investors. And almost a month after they have launched the improvised version – RBI 7.15% Floating Rate Savings Bonds 2020. These RBI Bonds start for subscription from July 01,Read More