Is your money safe  in Indian Banks? Residents of the United States, Canada and European countries take bank deposit insurance for granted. Banks going bankrupt and depositors loosing money in the west are not something that happens often. Banks in most developed countries have some kind of bank deposit insurance schemes where banks accounts are automatically insured.
Tax deduction at source (TDS) India NRIs who continue to earn income in India are subject to tax in India. Normally, in many instances, such tax is deducted in the form of TDS. Interest earned on NRE accounts as well as other foreign currency accounts such as FCNR accounts are tax free. Hence no tax is deducted as TDS from these accounts. Indian residents who earn interest on their Indian bank accounts are
Foreign Currency India - FAQ Guidelines on travel related matters - Foreign Exchange information, tips and guide for those visiting India. Frequently asked questions and answers on currency exchange regulations in India. How much exchange is available to those traveling outside India and more . . .
NRI Bank Accounts Explained . . .  NRIs and foreign nationals of Indian origin (PIO), residing overseas can open bank accounts in India without seeking any permission from the Indian government authorities. Repatriation from NRO accounts is generally not freely allowed. Under some circumstances, repatriation may be permitted . . .
Banking Choices for Non Residents NRI’s living abroad in the United States, UK, Canada, Australia, Germany or France often open bank accounts with banks that offer Nri banking services. Nri Banking services help non resident Indians meet their obligations in India such as pay bills in India for expenses such property maintenance, life insurance premiums etc
NRI Banking Services in India Banking in India has changed considerably in the past decade. Just about every international bank has a presence now in India. I remember the time in India when customers who went to cash a cheque at their local banks, had to first line up to present the cheque to a bank teller and were then given a token  . . .
Is your bank locker in India safe! Lost your Indian bank locker key? Chances are that the person who finds your locker key may be able to access your locker, surprised! I was, . . . Entry to locker by presenting the key! I got a surprise when I visited my bank to access my safety deposit box . . .
BANKING & FOREIGN EXCHANGE IN INDIA - INFORMATION & GUIDE
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com Sv248
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Search NRI Information
Is your money safe  in Indian Banks? Residents of the United States, Canada and European countries take bank deposit insurance for granted. Banks going bankrupt and depositors loosing money in the west are not something that happens often. Banks in most developed countries have some kind of bank deposit insurance schemes where banks accounts are automatically insured.
Tax deduction at source (TDS) India NRIs who continue to earn income in India are subject to tax in India. Normally, in many instances, such tax is deducted in the form of TDS. Interest earned on NRE accounts as well as other foreign currency accounts such as FCNR accounts are tax free. Hence no tax is deducted as TDS from these accounts. Indian residents who earn interest on their Indian bank accounts are
Foreign Currency India - FAQ Guidelines on travel related matters - Foreign Exchange information, tips and guide for those visiting India. Frequently asked questions and answers on currency exchange regulations in India. How much exchange is available to those traveling outside India and more . . .
NRI Bank Accounts Explained . . .  NRIs and foreign nationals of Indian origin (PIO), residing overseas can open bank accounts in India without seeking any permission from the Indian government authorities. Repatriation from NRO accounts is generally not freely allowed. Under some circumstances, repatriation may be permitted . . .
Banking Choices for Non Residents NRI’s living abroad in the United States, UK, Canada, Australia, Germany or France often open bank accounts with banks that offer Nri banking services. Nri Banking services help non resident Indians meet their obligations in India such as pay bills in India for expenses such property maintenance, life insurance premiums etc
NRI Banking Services in India Banking in India has changed considerably in the past decade. Just about every international bank has a presence now in India. I remember the time in India when customers who went to cash a cheque at their local banks, had to first line up to present the cheque to a bank teller and were then given a token  . . .
Is your bank locker in India safe! Lost your Indian bank locker key? Chances are that the person who finds your locker key may be able to access your locker, surprised! I was, . . . Entry to locker by presenting the key! I got a surprise when I visited my bank to access my safety deposit box . . .
BANKING & FOREIGN EXCHANGE IN INDIA - INFORMATION & GUIDE
Quick Links
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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