NRI deposits fell from over $7 billion in FY25 to under $1 billion in FY26, prompting the RBI’s twin policy…
The RBI removed the interest rate ceiling on June 18, giving banks room to offer NRIs more attractive returns on…
OCI card rules for overseas citizens have been updated, with revised visa requirements eliminating the need for a registration certificate.
NRIs are allowed to open an NPS account, another retirement-focussed scheme, but are not allowed to hold a PPF account…
NPS being a portable account, non-resident Indians can operate it from anywhere in the world, though PIOs and OCIs remain…
Existing cardholders can also obtain their e-OCI Card digitally in most cases without needing a fresh application or physical verification.
The launch of the FCRA 2.0 Portal a significant achievement by the Ministry of Home Affairs in using technology for…
NRIs can still leverage their FCNR deposits in 2026, but with borrowing costs near deposit rates, the old arbitrage is…
Indians remitted nearly $2.6 billion for overseas investments in FY2025-26, almost 56% higher than the $1.69 billion sent in FY2024-25,…
Fresh FCNR(B) deposit inflows fell 38.97 per cent year-on-year to $166 million in April 2026, even as outstanding FCNR(B) balances…
RBI has further relaxed the norms for the banks in raising foreign deposits from the NRIs.
Whether you are a salaried professional with overseas investments, someone who received foreign ESOPs, or a person with a bank…
Investing overseas has emerged as the fastest-growing category in which Indians send money.
Jefferies estimates that NRIs using 7–10x leverage on FCNR deposits could generate 17–27% annual returns in US dollar terms, but…
RBI’s new US Dollar-Rupee Forex Swap Facility enables banks to offer higher FCNR(B) deposit rates to NRIs, shielding currency risk…
Punjab National Bank revises FCNR(B) deposit rates upwards, boosted by RBI’s US Dollar-Rupee Forex Swap Facility that secures banks from…
HDFC Bank has raised FCNR(B) deposit rates by 235 basis points, offering as much as 6% on three to five-year…
Expert explains how Trump’s new green card processing rules could affect tax residency, double taxation, global income, and financial planning…