Pros and Cons - External Account for Non Resident 2013-09-30 05:56:25

Persons of Indian nationality or origin residing outside of India may open, with authorised banks in India, Non-resident External Accounts (NRE Accounts), designated in rupees. These accounts can be in savings, current, or term deposit accounts. Opening of NRE Accounts...

Keywords: Pros and Cons - External Account for Non Resident, Non Resident External Account—Pros and Cons, Pros and Cons - External Account for Non Resident, Non Resident External Account—Pros and Cons

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NRIs Can Soon Be Able to Invest in Indian Government Securities 2019-04-05 05:15:25

The Reserve Bank of India, while announcing the first monetary policy for the financial year 2019-20, made its intentions clear to open up Indian government securities (G-Sec) market for Non-Resident Indians. That is to say, NRIs would soon be able...

Keywords: nri investment in india rules, nri trading account, nro pis account rbi, NRI investments in G-SEC

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Google Searches for “Operation Twist” Experiences Upsurge in India 2019-12-21 09:12:12

As the central bank’s version of the U.S.Federal Reserve’s unconventional monetary policy has been announced, the Google searches for “Operation Twist” has been surged in India.Operation Twist refers to a movement where in the buying and selling securities of short-term...

Keywords: Operation Twist, Operation Twist, Maharashtra, Maharashtra

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Interest rates on small savings are fixed: RBI 2012-01-23 05:24:40

“As per the rules of small savings schemes, the rate of interest on an investment made in all schemes, except PPF, 1968 on a particular date, remains unchanged for the entire duration of the investment, till maturity, irrespective of the...

Keywords: small savings schemes, Senior Citizens Savings Scheme 2004, PPF, Kisan Vikas Patras

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RBI waits and watches 2015-04-07 12:09:29

Reserve Bank of India kept interest rates on hold at 7.50%, choosing to wait longer to assess inflationary pressures before making its next move and to give banks more time to adjust lending rates to reflect previous rate cuts. The...

Keywords: CPI, RBI, Repo Rate, RBI

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