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
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 allowed 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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BANKING & FOREIGN EXCHANGE IN INDIA -
INFORMATION & GUIDE
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. more info >>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 more info >>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 . . . more info >>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 . . . more info >>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 more info >>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 . . . more info >>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 . . . more info >>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 allowed entry to locker by presenting the key! I got a surprise when I visited my bank to access my safety deposit box . . . more info >>
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
