Nri Account

The Delhi Police Cyber Cell has arrested 12 people, including three HDFC Bank employees, for allegedly trying to withdraw money from the account of an NRI, officials said on Tuesday.

To popularise cross-border transactions in Indian rupee, the Reserve Bank of India has enhanced the scope of 'Special Non-resident Rupee'.

The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.

Aadhaar-PAN inter-linking: While the government has allowed quoting of Aadhaar in place of PAN under the Income Tax Act, it has also announced grant of Aadhaar to NRIs on arrival without a waiting period. Meanwhile, the Income Tax Department has set a September 30 as the last date for assessees to link the two "unless specifically exempted". Aadhaa...

The government has announced a slew of changes in rules relating to Permanent Account Number (PAN) and Aadhaar. From allowing quoting of Aadhaar by assessees in place of PAN for filing income tax returns to grant of Aadhaar to non-resident Indians (NRIs) without a waiting period, some of the recent changes in Aadhaar and PAN were announced in the U...

SBI NRI Services: Non Resident External (NRE) accounts can be opened by individually or jointly with other non-resident Indians (NRI), PIO or OCI.

State Bank of India offers three types of accounts to NRIs: Non Resident Ordinary (NRO) account, Non Resident External (NRE) account and Foreign Currency Non-Repatriable (Bank) FCNR (B) account.

In 2016 technology professionals from India accounted for 74.2 per cent of the total number of H-1B visas issued by the US and the next year the figure increased to 75.6 per cent, a government report said here today.

State Bank of India (SBI), the largest lender of the country, allows non-resident Indians (NRI) customers to open a Non Resident External (NRE) Account.

In case an NRI has not yet closed his/her PPF account with SBI, he/she would be getting a post office saving bank account rate, which at present is 4%, said SBI.

Most NRIs and PIOs may not be eligible for Aadhaar enrolment as per Aadhaar Act...," the UIDAI had said.

As per the latest rules, if a Public Provident Fund (PPF) account holder becomes an NRI, his or her PPF account will be deemed closed even if it is yet to mature. An interest rate applicable to Post Office savings accounts will apply to the PPF deposit.

NRIs are not allowed in instruments like the National Savings Certificates, Public Provident Fund, Monthly Income Schemes and other time deposits offered by the post office.

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.

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.

The Delhi Police Cyber Cell has arrested 12 people, including three HDFC Bank employees, for allegedly trying to withdraw money from the account of an NRI, officials said on Tuesday.

To popularise cross-border transactions in Indian rupee, the Reserve Bank of India has enhanced the scope of 'Special Non-resident Rupee'.

The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.

Aadhaar-PAN inter-linking: While the government has allowed quoting of Aadhaar in place of PAN under the Income Tax Act, it has also announced grant of Aadhaar to NRIs on arrival without a waiting period. Meanwhile, the Income Tax Department has set a September 30 as the last date for assessees to link the two "unless specifically exempted". Aadhaa...

The government has announced a slew of changes in rules relating to Permanent Account Number (PAN) and Aadhaar. From allowing quoting of Aadhaar by assessees in place of PAN for filing income tax returns to grant of Aadhaar to non-resident Indians (NRIs) without a waiting period, some of the recent changes in Aadhaar and PAN were announced in the U...

SBI NRI Services: Non Resident External (NRE) accounts can be opened by individually or jointly with other non-resident Indians (NRI), PIO or OCI.

State Bank of India offers three types of accounts to NRIs: Non Resident Ordinary (NRO) account, Non Resident External (NRE) account and Foreign Currency Non-Repatriable (Bank) FCNR (B) account.

In 2016 technology professionals from India accounted for 74.2 per cent of the total number of H-1B visas issued by the US and the next year the figure increased to 75.6 per cent, a government report said here today.

State Bank of India (SBI), the largest lender of the country, allows non-resident Indians (NRI) customers to open a Non Resident External (NRE) Account.

In case an NRI has not yet closed his/her PPF account with SBI, he/she would be getting a post office saving bank account rate, which at present is 4%, said SBI.

Most NRIs and PIOs may not be eligible for Aadhaar enrolment as per Aadhaar Act...," the UIDAI had said.

As per the latest rules, if a Public Provident Fund (PPF) account holder becomes an NRI, his or her PPF account will be deemed closed even if it is yet to mature. An interest rate applicable to Post Office savings accounts will apply to the PPF deposit.

NRIs are not allowed in instruments like the National Savings Certificates, Public Provident Fund, Monthly Income Schemes and other time deposits offered by the post office.

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.

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.