An OCI cardholder is legally a foreign national with special privileges in India, while an NRI remains an Indian citizen…
Over $36.7 billion has been deposited in Indian banks through the FCNR scheme in less than 60 days, with the…
HSBC emerged as the standout performer, growing its FCNR(B) book 52 times over, from USD 120.3 million to over USD…
The Citizenship (Amendment) Rules, 2026, bring a fully digital framework for OCI services, along with the launch of the e-OCI…
FCNR(B) campaign of 2026 has already surpassed the $26 billion raised in the 2013 drive, with two months remaining before…
RBI introduced a scheme to attract NRI deposits, permitting Indian banks to provide a higher interest rate without concerns over…
The income tax department has rolled out a new feature on the e-filing portal to help taxpayers access their foreign…
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.