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Steadily climbing returns from FCNR! Overseas Indians send home record $29 billion in remittances

India Business News: Overseas Indians sent a record $29 billion back home in the December quarter through remittances, driven by increasing returns from FCNR instruments. ....

United States , Saugata Bhattacharya , Madan Sabnavis , Money Transfer Service Scheme , World Bank , Overseas Indians , Reserve Bank , Ynet Private , Business News , Nri Deposits , Fcnr Deposits , Current Account Deficit ,

Which income is taxable for NRIs?

Which income is taxable for NRIs? ....

Income Tax Act , Fixed Deposit ,

Income Tax department's advisories put NRIs on notice on high value deals: Report

The NRIs who received such communication in the past few days also include those who have opened FCNR (foreign currency non-resident account) and/or NRE/ NRO deposits. ....

Pankaj Bhuta , Pr Bhuta Co , Tax Department , Income Tax , It Department , Central Board Of Direct Taxes , Non Resident Indians , Tax Notice , Income Tax Return , Personal Finance , Nro Deposits , Nre Deposits , Fcnr Deposits , Income Tax Department ,

Fresh inflows of NRI deposits double in April-October

"Relatively higher interest rates happen to be one of the driving factors," said Madan Sabnavis, chief economist, Bank of Baroda. FCNR(B) returns offered by the State Bank of India were more than 5%, compared with less than 3% returns offered by American Banks. ....

United States , Madan Sabnavis , Reserve Bank , State Bank , Nri Deposits , Fcnrb Deposits , State Bank Of India ,

Federal Bank hikes fixed deposit interest rates for both residents and non-residents; check latest rates here

Federal Bank has adjusted its deposit rates, raising rates for both resident and non-resident deposits. ....

Foreign Currency Non Resident , Resident Foreign Currency , Interest Rates , Deposit Rates , Federal Bank , Fixed Deposits , Non Resident Deposits , Fixed Deposit Interest Rates , Fd Rates , Personal Finance , Non Withdrawable Fixed Deposits ,