banking Archives | Pravasi Samwad

UAE Emerges as Key Source of FCNR Deposits as Indian Banks Tap Gulf NRIs

Strong demand from UAE-based Indians drives foreign-currency deposits through GIFT City, while inflows from the US and UK remain subdued

NRI Tax Rules: Interest on NRE, NRO and FCNR Accounts Explained

Interest earned by NRIs is treated differently depending on the type of bank account, with NRE and FCNR deposits generally

India’s 180-Day Overseas Funds Rule: What Gulf NRIs Need to Know

The FEMA requirement applies to Indian residents, while Gulf-based NRIs can generally retain locally earned salaries and savings abroad PRAVASISAMWAD.COM

India’s 180-Day Overseas Funds Rule: What Gulf NRIs Need to Know

The FEMA requirement applies to Indian residents, while Gulf-based NRIs can generally retain locally earned salaries and savings abroad PRAVASISAMWAD.COM

NRI Pensioners Can Submit Life Certificates Without Travelling to India

Digital authentication, bank certification, diplomatic missions and authorised agents offer alternatives for pensioners living overseas PRAVASISAMWAD.COM Indian pensioners living abroad

NRIs Buying or Selling Property in India Must Watch Key Tax, FEMA Rules

TDS, repatriation limits, bank accounts and transaction structures can affect the cost and timing of property deals Non-Resident Indians (NRIs)

RBI Eases Priority-Lending Rules to Encourage Fresh NRI Deposits

Loans backed by eligible new FCNR(B) and NRE deposits will be excluded from banks’ priority-sector lending calculations The Reserve Bank

UAE freezes assets of Indian-origin businessman Satish Sanpal amid money laundering probe

No formal charges announced as businessman denies allegations and urges caution over media reports Dubai-based Indian-origin businessman Satish Sanpal, known

Tamilnad Mercantile Bank Eyes Overseas Expansion to Strengthen NRI Banking Services

Private lender plans liaison offices in key global markets while stepping up cybersecurity investments Tamilnad Mercantile Bank (TMB) is

UAE Emerges as Major Source of FCNR Deposits Despite Operational Hurdles

Bankers say regulatory and tax-related issues have slowed potential inflows, even as UAE-based NRIs contribute strongly to India’s foreign currency