banking Archives | Pravasi Samwad

Julius Baer appoints Prashant Ajitsaria to lead NRI clients in Switzerland

The Zurich-based private banker will oversee the bank’s Switzerland NRI team and support its global Indian client business PRAVASISAMWAD.COM Swiss

FCNR(B) 2026 Scheme Sets New Benchmark in NRI Dollar Mobilisation

India’s latest foreign-currency deposit drive has raised $127.2 billion, more than twice the scale of the 2013 programme relative to

NRI Deposit Inflows Fall 23% as FCNR(B) Deposits Surge 124%

Fresh NRI deposits fell to $2.78 billion in the first quarter of FY27, while foreign-currency deposits more than doubled

NRI Remittances to Parents in India: Missing Documentation Could Invite Tax Scrutiny

Family transfers from NRIs are generally tax-exempt, but maintaining a clear record of the source and purpose of funds can

Gujarat’s NRI Deposits Rise 12.4% to Rs 1.22 Lakh Crore; Ahmedabad Leads

Ahmedabad accounts for more than a fifth of the state’s NRI deposit base, with Vadodara and Kutch also recording strong

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