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2 weeks, 4 days ago

CBI books six in home loan fraud in Chennai; says developer inflated valuation

CHENNAI: CBI anti-corruption bureau on Wednesday held searches in Tambaram related to a fraud case filed against six people, including an NRI, for duping SBI and diverted sanctioned home loans worth Rs 3.67 crore, which later became non-performing assets. According to FIR, CBI named P Arivalagan, director of Atchaya Royal Infrastructure, as first accused and B Jayachandran, Suryanarayanan, D Santosh, …

Cbi Loan Fraud

3 weeks, 1 day ago

Can an NRI-turned-resident freely repatriate foreign currency non-resident account FD?

Live Mint

When an NRI becomes a resident, can the foreign currency non-resident account FD be freely repatriated without coming under the ambit of the liberalised remittance scheme? Only an NRI or a non-resident of Indian origin is permitted to open a foreign currency account or the FCNR account as the name suggests, is a foreign currency deposit account in India. Regulations …

India Currency Fema Resident Foreign Nri Lrs

3 weeks, 5 days ago

Understanding Section 80C: Income tax benefits for NRIs and their dependents

Live Mint

My daughter is 21 years old, dependent and has no income of her own. I would like to transfer some of my incometo her savings bank account and invest in her name and through that account to save on my taxable income and tax outgo. Your understanding is not entirely correct about the eligibility of non-residents to claim deductions under …

Income Invest Nri Account Tax Savings Section 80 C Savings Bank

4 weeks ago

Ludhiana: NRI woman duped of ₹12.33 lakh

Hindustan Times

An elderly NRI woman, Amrit Rani, of Kamal Colony in Samrala has accused her daughter-in-law of “fraudulently” transferring ₹12.33 lakh from her bank account. Post her son’s demise, Amrit Rani alleged that her daughter-in-law betrayed her trust. According to the 76-year-old complainant, who had been living in the United States since 2009, she returned to India in 2022 when her …

Her Daughter Rani Woman Duped

4 weeks ago

NRI taxation: How will a gift from cousin be taxed?

Live Mint

My wife and I live and work in France. My wife’s cousin wanted to gift her money by wire transfer after we hosted her cousin’s family recently while on their trip to France. -Name withheld on request Under foreign exchange regulations, your wife’s cousin is permitted to gift money by making a remittance to your wife’s bank account in France. …

India France Gift Wife My Wife Nri Taxation

1 month ago

Avoid common mistakes that people make with NRI transactions

Live Mint

Non-resident Indians receive or send money to India quite often, and usually open a non-resident ordinary or non-resident external bank account, or both. View Full Image Graphic: Pranay Bhardwaj "A resident individual can transfer INR funds into an NRO account online – subject to the maximum INR transfer limit set in your netbanking – or offline. To transfer funds from …

Money Indian Transfer Shah Resident Funds Nri

7 months ago

Maharashtra man steals police probe kit, deletes crime data; held

Hindustan Times

A 22-year-old man in Maharashtra's Navi Mumbai township was arrested Thursday for allegedly stealing a police kit used in crime investigations and deleting crime-related data from it, reported news agency PTI. Police on Thursday arrested a 22-year-old man in Maharashtra's Navi Mumbai township for allegedly stealing a police kit used in crime investigations and deleting data from it The man …

Mumbai Maharashtra Old Navi Mumbai Navi Nri Man Allegedly

7 months, 2 weeks ago

NRIs from 10 countries can now make UPI payments using ICICI Banks’s iMobile Pay

Live Mint

ICICI Bank launched a new facility for Non-Resident Indian customers, enabling them to use their international mobile numbers to make instant UPI payments in India on May 6. This feature would be available through the bank's mobile app, iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. …

Payments Indian Bank Number Icici Bank Nri Upi

8 months, 3 weeks ago

Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City

Business Standard

Axis Bank on Tuesday announced the introduction of digital US dollar fixed deposit for NRI customers at the IFSC Banking Unit at GIFT City, Gujarat. NRI customers of the bank can now open US dollar fixed deposits at GIFT City through 'Open by Axis Bank'; the mobile banking application of the lender, it said. This offering simplifies the process of …

Bank Nri Axis Gift City Nri Customers

1 year, 3 months ago

Can I use a non-resident bank account for loan payments?

Live Mint

When I convert my ICICI Bank savings account into NRO and NRE accounts, what will happen to my existing funds? —Name withheld on request NRIs who are selling land situated in India have to pay tax on the capital gains. In case the property has been inherited, remember to consider the date of purchase of the original owner for calculating …

India Tax Indian Land Capital Capital Gains Nri

1 year, 3 months ago

SBI: NRIs can now open new bank accounts through YONO app in three quick steps

Live Mint

The State Bank of India has introduced a digital facility for NRIs to effortlessly open NRE and NRO accounts through SBI's YONO. This service is designed for NTB or “new to bank” customers, providing them with ease and efficiency in the account opening process. "With the launch of this digital service, NRIs can open their NRE/NRO accounts from the comfort …

India Open Nri Sbi Yono Nro

1 year, 4 months ago

Here’s a checklist for individuals moving overseas

Live Mint

Are you planning to move overseas soon? Following are some of the considerations an individual must look into before leaving the country to settle for an extended period of time: Online banking: Before migrating, it is better to update your bank accounts to internet banking, increase your bank mandate limits and ensure that your Indian phone is still active so …

India Insurance Financial Tax Indian Bank Status

1 year, 7 months ago

ED attaches Mangalagiri NRI hospital properties of â‚¹307 Cr in money laundering case

Deccan Chronicle

Hyderabad: The Directorate of Enforcement on Thursday attached movable and immovable properties worth Rs 307.61 crore in a money laundering case against Nimmagadda Upendranath, Mani Akkineni and others, members of the NRI Academy of Medical Sciences. The ED initiated the investigation on the basis of FIRs registered by Mangalagiri police of AP for criminal conspiracy, cheating and forgery in respect …

Ed Rs Mangalagiri Nri Nrias

1 year, 9 months ago

Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers

News 18

Mumbai-headquartered Axis Bank has completed the acquisition of the India consumer business of the Citigroup-owned foreign bank Citibank for Rs 12,325 crore. The deal, announced in March 2022, will see India’s third largest private sector bank absorbing Citibank’s consumer businesses covering loans, credit cards, wealth management and retail banking operations in India. In a stock exchange filing last week, Axis …

India Nri Customers Citi Axis Citibank Bank Completes

1 year, 10 months ago

SBI Introduces Amrit Kalash Deposit FD Scheme With Up To 7.6% Interest

News 18

State Bank of India has unveiled a new Fixed Deposit Programme for local and NRI clients. According to SBI, the 400-day SBI Amrit Kalash Deposit FD Program for domestic and NRI customers offers excellent interest rates. Senior folks would receive 7.60% interest on their FDs under the SBI Amrit Kalash Deposit FD Scheme. “Introducing “Amrit Kalash Deposit” for domestic and …

India Bank Interest Rates Senior Citizens Senior Nri Deposit

1 year, 11 months ago

Tax Cases Monthly Round-Up: December 2022

Live Law

Indirect Taxes Supreme Court Case Title: CIT Versus Swapnil Finance Pvt. ITAT Case Title: Sudhir Chadha Versus ACIT The Delhi Bench of the Income Tax Appellate Tribunal has held that the department is not allowed to travel beyond the issues involved in limited scrutiny cases. Case Title: ITO Versus Dr. Satish Natwarlal Shah The Ahmedabad Bench of the Income Tax …

India Justice Tax Court Customs Natural Justice Income Tax

2 years, 5 months ago

NRE account: Eligibility to open, uses, transferability, income tax on interest

Live Mint

As many Indian citizens are migrating from India either for studies or for taking up an employment it is important for them and their family members here in India to know about various bank accounts a person who has become a non-resident under FEMA can open here in India. What can be credited in the NRE account and what debits …

India Tax Money Indian Bank Interest Fema

2 years, 9 months ago

How different is stock market investing for NRIs?

Live Mint

India has one of the world's fastest expanding economies. In addition, the Reserve Bank of India's PIS plan allows NRIs to purchase shares or convertible debentures from the stock exchange using a bank account at a designated branch. The Portfolio Investment Scheme is a clearance letter from the Reserve Bank of India that allows NRIs to invest in Indian stocks …

Stock Market Market Bank Trading Stock Fema Indian Stocks

2 years, 9 months ago

How different is stock market investing for NRIs?

Live Mint

India has one of the world's fastest expanding economies. In addition, the Reserve Bank of India's PIS plan allows NRIs to purchase shares or convertible debentures from the stock exchange using a bank account at a designated branch. The Portfolio Investment Scheme is a clearance letter from the Reserve Bank of India that allows NRIs to invest in Indian stocks …

Stock Market Market Bank Trading Stock Fema Indian Stocks

3 years ago

How to open an NRI Demat account in India?

Live Mint

Indians that reside and earn in a foreign country are known as Non-Resident Indians. Having a NRO or NRE bank account is mandatory before opening the NRI demat account. Once your PINS letter is obtained by the bank with which you have your account, you can open both a trading and demat account, following this you are enabled to trade …

India Indian Bank Trading Fema Open Indian Equities

3 years, 2 months ago

12 including 3 HDFC employees arrested for trying to withdraw money from NRI account

India TV News

The Cyber Crime Unit of Delhi Police Special Cell has arrested 2 people, including 3 HDFC Bank employees, for attempting to make unauthorised withdrawals from a very high-value NRI account. Acting on a complaint filed by the HDFC Bank, the Cyber Crime Unit busted the racket involved in unauthorized attempts and hacking through internet banking and attempts of withdrawal using …

Bank Hdfc Bank Nri Account Hdfc

3 years, 2 months ago

HDFC Bank detects suspicious transactions in NRI account, suspends three employees held by police

Firstpost

Delhi Police Cyber Cell arrested 12 people, including three HDFC bank employees, for attempting to make unauthorised withdrawals from a high-value NRI account New Delhi: HDFC Bank has suspended the employees who were arrested by the Delhi Police for alleged involvement in attempts of unauthorised withdrawal from high-value NRI account. Basis the system alerts, we reported the matter to law …

Hdfc Bank Account Cyber Cell Nri Account

3 years, 3 months ago

Punjab National Bank Cuts Interest Rates on Savings Accounts, Details Here

News 18

Punjab National Bank had recently put into effect its revised interest rates on its Domestic and NRI Savings Accounts. Following the revision, the latest interest rate stood at 2.90 per cent per annum which is applicable to both the Domestic Savings Account as well as the NRI Savings Account. Similarly, for the Saving Fund Account Balance of Rs 100 crore …

General Savings Bank Interest Rates Interest Senior Citizens Cent

3 years, 5 months ago

Escrows and Specific Capital Account Regulations – A Brief Study

Live Law

Every country that seeks Foreign Investment in a global and competitive market has to ensure that, its laws/ regulations are in sync with the ground realities and expectations of the global and domestic business community, while keeping in mind the national interest. Escrow For ODI Transactions : The extant Foreign Exchange Management Regulations, 2004 read with Master Direction – Direct …

India Spa Indian Capital Foreign Investment Payment Odi

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Articles for Nri, search results for bank

CBI books six in home loan fraud in Chennai; says developer inflated valuation

Can an NRI-turned-resident freely repatriate foreign currency non-resident account FD?

Understanding Section 80C: Income tax benefits for NRIs and their dependents

Ludhiana: NRI woman duped of ₹12.33 lakh

NRI taxation: How will a gift from cousin be taxed?

Avoid common mistakes that people make with NRI transactions

Maharashtra man steals police probe kit, deletes crime data; held

NRIs from 10 countries can now make UPI payments using ICICI Banks’s iMobile Pay

Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City

Can I use a non-resident bank account for loan payments?

SBI: NRIs can now open new bank accounts through YONO app in three quick steps

Here’s a checklist for individuals moving overseas

ED attaches Mangalagiri NRI hospital properties of â‚¹307 Cr in money laundering case

Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers

SBI Introduces Amrit Kalash Deposit FD Scheme With Up To 7.6% Interest

Tax Cases Monthly Round-Up: December 2022

NRE account: Eligibility to open, uses, transferability, income tax on interest

How different is stock market investing for NRIs?

How different is stock market investing for NRIs?

How to open an NRI Demat account in India?

12 including 3 HDFC employees arrested for trying to withdraw money from NRI account

HDFC Bank detects suspicious transactions in NRI account, suspends three employees held by police

Punjab National Bank Cuts Interest Rates on Savings Accounts, Details Here

Escrows and Specific Capital Account Regulations – A Brief Study