deposits Archives | Pravasi Samwad

ITAT Gives Dubai-Based NRI Relief in ₹3.41 Crore FCNR Tax Dispute Over Yen-Rupee Mix-up

The Jaipur tribunal upholds the deletion of a tax addition after bank records traced the source of the foreign currency

A surge in foreign currency deposits has narrowed the gap between bank lending and deposits, but high funding costs and

Higher returns on foreign-currency deposits are drawing overseas Indians, as the central bank seeks to strengthen forex reserves and support

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

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

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

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

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

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

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