Overseas Bank Accounts
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Bangladesh Opts For Overseas Payments In Chinese Yuan As FX Reserves Fall
Bangladesh has allowed banks to maintain accounts in Chinese currency for overseas transactions to reduce dependency on the US dollar.
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Cryptocurrency Ban in China Forces Some Bitcoin Miners to Flee Overseas, Others Sell Out
China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan.
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Here's Why Little Uptick In Rupee Is Expected Despite Multiple Positives
Traders suspect the RBI bought dollars in May and June as the return in risk appetite and overseas investments by a dozen firms
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2 Bank Staff Charged For Stealing Money From Dead Customer's Account
A case was registered on Saturday against two employees of a nationalised bank here for allegedly swindling money to the tune of Rs 25.8 lakh from the account of a deceased customer.
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China Mobile Payment Giants Alipay, WeChat Open to International Cards
Alipay and WeChat Pay have started allowing overseas users to link their accounts to international bank cards, in a move cheered by foreign payment firms like Visa and Mastercard.
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Fixed Deposit (FD) Interest Rates: Returns Offered By Private, Public Sector Banks
From a fixed deposit, the money can only be withdrawn only after the term has ended or by giving a predetermined number of days notice.
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Rupee Plunges, Returns To Below 72 Mark Against Dollar: 10 Things To Know
The rupee declined sharply against the US dollar on Monday, snapping gains registered in past two consecutive sessions. The rupee fell 67 paise to close at 72.51 against the greenback. The decline came after weekend announcement by the government to contain the rupee fall and lower current account deficit failed to bring cheer to the Street. The g...
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Rupee Edges Higher Against Dollar, But Still Below 72 Mark
The rupee (INR) rose as much as 15 paise against the US dollar in early trade on Tuesday. The rupee touched 72.30 against the greenback at its peak in the first half of the session, as against Monday's close of 72.75 - an all-time closing low. Increased selling of the American currency by banks and exports along with weakness in the dollar overseas...
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Do NRIs Need To Link Aadhaar Card With PAN, Bank Account, Mobile Number (SIM)?
NRIs and Overseas Citizens of India (OCIs) need not verify their bank account or SIM or PAN with Aadhaar. "If required, they may inform the service provider(s) that they being NRI/OCI are exempted from Aadhaar verification," the UIDAI said.
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Do NRIs Have To Link Aadhaar Card With Bank Account, PAN?
The Unique Identification Authority of India (UIDAI) has explained whether it is mandatory for NRIs or OCIs (Overseas Citizens of India) holding accounts in India to get their Aadhaar card linked by the December 31 deadline.
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Are You An NRI? SBI Offers These Options To Park Your Money
State Bank of India's NRE or non-resident external account is an account meant to park funds remitted from overseas back home.
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Bank Accounts To Be Blocked If Not Self-Certified By April 30. What To Do
Bank accounts opened between July 1, 2014 and August 31, 2015 need to submit self-certification by April 30 to comply with FATCA (Foreign Account Tax Compliance Act) provisions.
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RBI Puts 4 PSU Banks Under Watch On Asset Quality Concerns
RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as NPAs and provide for them.
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Switzerland to Share Information on Indians Holding Swiss Bank Accounts From 2018
In a big step towards fighting black money stashed overseas, Switzerland today agreed to automatic sharing of information with India on Swiss bank accounts of Indians as of September 2018 and onwards.
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Expose On Overseas Black Money Of Indians Being Pursued: Arun Jaitley
India has filed 164 prosecution cases against alleged holders of illegal overseas accounts with HSBC bank, amounting to an assessment of Rs 8,000 crore, Finance Minister Arun Jaitley said.
-
Bangladesh Opts For Overseas Payments In Chinese Yuan As FX Reserves Fall
Bangladesh has allowed banks to maintain accounts in Chinese currency for overseas transactions to reduce dependency on the US dollar.
-
Cryptocurrency Ban in China Forces Some Bitcoin Miners to Flee Overseas, Others Sell Out
China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan.
-
Here's Why Little Uptick In Rupee Is Expected Despite Multiple Positives
Traders suspect the RBI bought dollars in May and June as the return in risk appetite and overseas investments by a dozen firms
-
2 Bank Staff Charged For Stealing Money From Dead Customer's Account
A case was registered on Saturday against two employees of a nationalised bank here for allegedly swindling money to the tune of Rs 25.8 lakh from the account of a deceased customer.
-
China Mobile Payment Giants Alipay, WeChat Open to International Cards
Alipay and WeChat Pay have started allowing overseas users to link their accounts to international bank cards, in a move cheered by foreign payment firms like Visa and Mastercard.
-
Fixed Deposit (FD) Interest Rates: Returns Offered By Private, Public Sector Banks
From a fixed deposit, the money can only be withdrawn only after the term has ended or by giving a predetermined number of days notice.
-
Rupee Plunges, Returns To Below 72 Mark Against Dollar: 10 Things To Know
The rupee declined sharply against the US dollar on Monday, snapping gains registered in past two consecutive sessions. The rupee fell 67 paise to close at 72.51 against the greenback. The decline came after weekend announcement by the government to contain the rupee fall and lower current account deficit failed to bring cheer to the Street. The g...
-
Rupee Edges Higher Against Dollar, But Still Below 72 Mark
The rupee (INR) rose as much as 15 paise against the US dollar in early trade on Tuesday. The rupee touched 72.30 against the greenback at its peak in the first half of the session, as against Monday's close of 72.75 - an all-time closing low. Increased selling of the American currency by banks and exports along with weakness in the dollar overseas...
-
Do NRIs Need To Link Aadhaar Card With PAN, Bank Account, Mobile Number (SIM)?
NRIs and Overseas Citizens of India (OCIs) need not verify their bank account or SIM or PAN with Aadhaar. "If required, they may inform the service provider(s) that they being NRI/OCI are exempted from Aadhaar verification," the UIDAI said.
-
Do NRIs Have To Link Aadhaar Card With Bank Account, PAN?
The Unique Identification Authority of India (UIDAI) has explained whether it is mandatory for NRIs or OCIs (Overseas Citizens of India) holding accounts in India to get their Aadhaar card linked by the December 31 deadline.
-
Are You An NRI? SBI Offers These Options To Park Your Money
State Bank of India's NRE or non-resident external account is an account meant to park funds remitted from overseas back home.
-
Bank Accounts To Be Blocked If Not Self-Certified By April 30. What To Do
Bank accounts opened between July 1, 2014 and August 31, 2015 need to submit self-certification by April 30 to comply with FATCA (Foreign Account Tax Compliance Act) provisions.
-
RBI Puts 4 PSU Banks Under Watch On Asset Quality Concerns
RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as NPAs and provide for them.
-
Switzerland to Share Information on Indians Holding Swiss Bank Accounts From 2018
In a big step towards fighting black money stashed overseas, Switzerland today agreed to automatic sharing of information with India on Swiss bank accounts of Indians as of September 2018 and onwards.
-
Expose On Overseas Black Money Of Indians Being Pursued: Arun Jaitley
India has filed 164 prosecution cases against alleged holders of illegal overseas accounts with HSBC bank, amounting to an assessment of Rs 8,000 crore, Finance Minister Arun Jaitley said.
