Inflation and the rising coast of the basic necessity items in the year 2010 have made the common man to struggle and adjust with the available finance.
Archive for the ‘NRI Banking’ Category
How to increase fixed income?
January 28th, 2011 
Malvika 
Posted in NRI Banking, NRI Investing 
Tags: Anup, Attractive Investment, Bajaj Capital, Bank Deposits, Bhaiya, Credit Guarantee Corporation, Deposit Insurance, Employee Provident Fund, Employees Provident Fund, Employees Provident Fund Organisation, Government Of India, Group Ceo, Indian Postal Department, Investment options, Lakh, Money Honey, National Savings, Ppf, Public Provident Fund, Retirement Benefit 
Comments OffBounced cheque may lead to the closure of your bank account
October 13th, 2010 Malvika Take extra caution before writing a cheque. Country’s largest money lender State Bank of India (SBI), is planning to close the account of those customers who release a cheque without adequate fund in their account.
Posted in NRI Banking Tags: 1 Crore, Bank Of India, Banking Association, Caution, Cheque Books, Cheques, Closure, Credit Score, Defaulter, Financial Discipline, Financial Services, Internal Communication, Lakh, Money Lender, Penal Offence, Public Sector Banks, Reserve Bank of India, Rs 1, SBI, State Bank, State Bank Of India Comments OffParallel Between NRE Accounts & NRO Accounts
September 13th, 2010 Malvika An NRE account holder can intromit money from his account freely, whereas for an NRO account holder only local payment is allowed in rupees. He cannot repatriate his funds from account abroad.
Posted in NRI Banking Tags: Air Travel, Airlines, Amp, Bank Of India, dependents, Exchange Control, Extent, Fiscal Year, Indian Currency, Interest Interest, Interest Rates, Nre Account, Nre Accounts, nri, Nro, Rate Of Interest, Reserve Bank of India, Rupees, Shipping Companies, Tenure Comments OffDTC is not NRI friendly
September 6th, 2010 Ziaulla Namani 
The infamous Direc Tax Code (DTC), which is in the news may disappoint the NRI. The DTC could bring NRI’s under the blanket of tax.
Posted in NRI Banking Tags: 365 Days, Anil Agarwal, Apex, April 1, Consulting Firm, Direc, Direct Taxes, Executive Director, Gulf Countries, Income Tax, Indian Population, Indians, Industrialists, Kpmg, One Million, Paying Taxes, Ravi, Relatives, Ruia, Six Months Comments OffRBI plans to issue banking licenses to NBFC’s
August 12th, 2010 Malvika 
The Reserve Bank of India (RBI), which is also India’s Central banking system and controls the monetary policy of the rupee as well as US$287.37 billion (2009) of currency reserves, brought out a discussion paper, to get the feedback on its plan of allowing the entry of new banks in the private sector.
Posted in NRI Banking Tags: Bank Of India, Banking System, Business Houses, Central Banking, Central Co, Contribution Caps, Cooperative Banks, Currency Reserves, Discussion Paper, Finance Companies, Foreign Banks, NBFC, Paper Deals, Private Sector Banks, Public Sector Banks, Reliance Capital, Reserve Bank of India, Rural Banks, S Central, Shareholding Comments OffBenefits for Non Resident Indian (NRI)
August 6th, 2010 Malvika
Finance is just like a gun. Politics is knowledge when to pull the trigger. Finance is critical. If sufficient investment is made in infrastructure and venture capital is made available, there will be a big improvement in the situation.
Posted in NRI Banking Tags: 45 Years, Convertible Debentures, Currency Accounts, Foreign Currency, Formalities, Gun Politics, Immovable Properties, India Nri, Indian Government, Insurance Policy, Investment Scheme, Life Insurance Corporation, Mail Order Business, Nre Accounts, Nri Corner, Nri Finance, Nro Accounts, Portfolio Investment, Rupee Accounts, Stock Exchange Comments Off10 mantras to keep your parents happy in abroad tour
June 29th, 2010 Malvika Parents drop in to enjoy with you, reconnect with you, not to see you working and busy in your own life. All these times they were the one taking care of you now it’s your turn to make them feel at home.
Posted in NRI Banking Tags: Close Friends, Mantras, Marriage, Marriage Proposals, Mom Cook, Nightlife, parents, Photographs, Shopping, Smiling Face, Tension, traffic, Western Clothes, Wrong Impression Comments OffNRI Banking Blues
June 23rd, 2010 Malvika
NRIs have to always deal with a million dollar question about money transactions. Who should be trusted? Who should be made accountable?
A lot of agencies including Government agencies provide multiple options to choose for financial transactions.
Posted in NRI Banking Tags: Account Options, Appli, Currency Format, Currency Loans, Dollar Question, Fcnr Accounts, Financial Transactions, Foreign Currencies, Foreign Currency, Govt Of India, India Rupee, Indian Rupee, Inflow, Investment Interest, Japanese Yen, Maximum Limit, Money Transactions, Rbi Guidelines, Tax Accounts, Yen Euro Comments OffBest Andhra banks for NRIs
May 14th, 2010 Malvika NRI funds have been a prime focus of most of the Indian banks for the advancement of their growth. Numerous products and numerous services have been introduced by Indian banks to attract the NRI funds.
Posted in NRI Banking Tags: Andhra Bank, Andhra Pradesh, Axis Bank, Bank Information, Bank Limited, Broad Network, Citi Bank, Community Competition, Fcnr Accounts, Hdfc Bank, High Interest Rates, Indian Banks, Market Reputation, Nri Community, Nri Deposits, Nro, Pravasi, Prime Focus, State Bank Of Travancore, States In India Comments OffThe Safety of Online Banking Is In Your Own Hands
April 25th, 2010 Malvika In this world of three w’s (www), you can do virtually anything sitting in front of a computer at your home. Paying bills, shopping, fund transfers, fund deposits etc. And now we have the online banking facility too. But with the cyber crimes increasing day by day, we should take some precautions to be on the safer side.
Posted in NRI Banking Tags: Alphanumeric Password, Bank Details, Cafes, Case Letters, Change Passwords, Closest Of Friends, Confidential Information, Conspicuous Places, Correspondences, Cyber Crimes, Digits, Financial Institutions, Fund Transfers, Garbage, Irregular Intervals, Latest Virus, Lower Case, Relatives, Safer Side, Virus Protection Comments OffMethods to Send Money to Home Safely
April 25th, 2010 Malvika Sending money to one’s home land is a problem for expatriates. There are many safe and unsafe methods of sending money home. To protect your hard earned money, the first thing you must do is to completely avoid all unsafe money paths. Don’t send money through close relatives too. Never send it via casual acquaintances or strangers like friend’s friend, kin of kin etc.
Posted in NRI Banking Tags: Bank Accounts, Bill Payments, Cash Payments, Casual Acquaintances, Easy Target, Electricity Bill, Encryption, Expatriates, Forgers, Hard Earned Money, Irregular Intervals, Nook, Passwords, Power Of Attorney, Relative Change, Safer Than Cash, Security Software, Sending Money, Telephone Bill, Water Meter Comments OffIs PAN card necessary for an NRI?
April 4th, 2010 Malvika Income Tax Department issues the PAN card or the Permanent Account Number card, which is a laminated card with 10 digit alphanumeric number. A PAN card is not a must for the day to day life, but if you want to invest in share market, claim refunds on TDS etc., better have to posses a PAN card. If you have a PAN card; property deals, getting telephone connection, opening bank account, all becomes easy.
Posted in NRI Banking, NRI Investing, Personal Finance Tags: Address Delivery, Card Application, Card Details, Card Holder, Debenture, Delivery Facility, Depositary, Digit Id Number, Direct Taxes, Financial Sectors, Financial Transactions, Important Facts, Income Taxes, Laminated Card, Mail, Pan Card Application Form, Property Deals, Sebi, Share Market, Telephone Connection Comments OffThe Increasing Wealth Management Services
March 29th, 2010 Malvika There are people who have a lot of money, but don’t know how to invest or deposit it wisely. They just leave it in the bank as dead asset. Sometimes they trust their friends or relatives and invest in some foolish schemes. These schemes may or may not give them returns. This is where the Wealth Management Services come in.
Posted in NRI Banking, NRI Investing, Personal Finance Tags: Abn Amro, Bank Of India, Canara Bank, Citigroup, Financial Institutions, Foolish Schemes, Foreign Money, Gold Funds, Latest Trends, Laymen, Management Sector, Management Service, nri, Personal Wealth Management, Preparing A Budget, Private Banks, Service Sectors, State Bank, State Bank Of India, Wealth Management Services Comments OffPlan To Avoid Tax Payment
March 29th, 2010 Malvika Not paying the tax is a punishable crime, but making use of the various loop holes in the income tax rules, to avoid paying the tax, is not a crime. For that, you need a thorough understanding of the income tax laws and its present amendments.
Posted in NRI Banking, NRI Investing, Personal Finance Tags: Central Government, Debentures, Foreign Currency, home loans, Income Tax Law, Income Tax Laws, Income Tax Returns, Income Tax Returns In India, Income Tax Rules, Loop Holes, Nro Accounts, Property In India, Punishable Crime, Repayments, Tax Avoidance, Tax Exemption, Tax Liability, Tax Payments, Time Profit, Wise Steps Comments OffIOB hiked deposit rates, Central Bank reduces rates of loan for doctors, revise deposit rates
March 18th, 2010 Tushar Mathur On Monday Indian Overseas Bank (IOB) has revised its deposits interest rate. The revised rates will be effective from March 15. As per revised rates for deposits of less than Rs 1 crore for tenure of 270 days and less than one year, the rate has been fixed at 6%, while for one year to less than five years at 6.75% and five years and above at 7.25%.
Posted in business, india, News, NRI Banking, NRI Investing, Personal Finance Tags: 100 Basis Points, Bank Of India, Central Bank Of India, Crore, Doctors, Domestic Term Deposits, Finance Scheme, Indian Overseas Bank, Interest Rate, Interest Rates, Iob, Jewel, Lakh, Less Than Five Years, Loans, Nursing Home, Personal Loan, Rs 1, Tenure, Wavier Comments Off
