India is cementing its reputation as a prime destination for global investors, with inflows into NRI deposit schemes surging to $7.8 billion between April and August this year—more than double the figure from the same period last year. By refining tax rules, increasing transparency, and aligning with global trends, the reforms position India as an attractive and efficient investment destination …
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 …
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 …
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 …
