Bank unions under the United Forum of Bank Unions (UFBU) have called a nationwide strike from September 28 to 30, demanding a five-day working week and other employee benefits. The Indian government…
Non-resident Indians can inherit agricultural land in India but are restricted to selling it only to an Indian resident, according to rules under the Foreign Exchange Management Act. While NRIs are prohibited…
Non-Resident Indians are facing difficulties with CKYC 2.0 re-verification, launched on August 1, 2026, which requires banks to use DigiLocker and OTP-based consent to fetch data from the central registry via a…
State Bank of India Chairman C S Setty has said the bank expects to garner about $10 billion from non-resident Indians and foreign investors by August 31, with most of the inflow…
NRIs looking to buy back their own Indian property face tax implications, industry experts have warned. Gulf News reports that under current rules, an NRI who sells a property and later repurchases…
Non-Resident Indians (NRIs) cannot open new National Savings Certificate (NSC) accounts or purchase fresh certificates, Livemint reports. However, if someone invested in NSC while a resident and later became an NRI, they…
Sebi has proposed allowing NRIs, OCIs and foreign nationals in FATF-compliant countries to complete securities-market KYC digitally from abroad, removing the current requirement for physical presence in India. The consultation paper, issued…
Gold prices rose 7% in the past 10 days to Rs 1.52 lakh per 10 grams, one of the sharpest short-term jumps in months. Despite the rally, consumers are still buying ahead…
Rediff reports that bank employees are systematically defrauding non-resident Indians (NRIs) and elderly depositors by creating fictitious loans against their fixed deposits using forged documents. The fraud operates through a cross-bank syndicate…
NRIs who opened a PPF account while resident in India can continue contributing to it until maturity, Livemint reports. They must maintain a minimum deposit of Rs 500 per year to keep…
