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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: Non Resident External Account—Pros and Cons, Non Resident External Account—Pros and Cons, Non Resident External Account—Pros and Cons, Non Resident External Account—Pros and Cons
Read MoreGoogle 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: Maharashtra, Operation Twist, Operation Twist, U.S.Federal Reserve
Read MoreNRIs 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: invest in G-sec, nri investment in india rules, NRI investments, nro pis account rbi
Read MoreInterest 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: Senior Citizens Savings Scheme 2004, government securities, small savings schemes, government securities
Read MoreRBI 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: Repo Rate, Indian economy, CPI, Repo Rate
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