Federal Bank launches NR savings accounts for NRI women

Mumbai: Federal Bank, on the occasion of the start of the FIFA Women’s World Cup, announced the launch of an exclusive NR savings account scheme, specifically curated for Non-Resident Indian (NRI) women.

NPCI allows NRIs from 10 nations without Indian phone nos. to use UPI facility

New Delhi/IBNS: Non Resident Indians (NRIs) from 10 countries, who hold NRE or NRO accounts, will be able to use Unified Payments Interface (UPI) platforms with their international mobile numbers.

Overseas Indians increased inward remittances by 12 pc to $100 billion in 2022: Sitharaman

Indore: Union Finance Minister Nirmala Sitharaman on Tuesday underscored the contribution of the Non-Resident Indians while stating that the inward remittances for the year 2022 increased by 12 percent to about USD 100 billion, said media reports.

NRIs, OCIs don't need RBI's approval for buying immovable property in India

Mumbai/IBNS: The Reserve Bank of India (RBI) has said NRIs and OCIs do not need its prior permission for the sale and transfer of immovable properties in India, other than agricultural land, farm houses, plantation properties. 

Union Budget: Government to consider issuing Aadhaar Card for NRIs with Indian Passports

New Delhi, July 5 (IBNS): The Union Finance Minister proposed to consider issuing Aadhaar Card for Non-Resident Indians with Indian Passports.  She also proposed to launch a Mission that will integrate India’s traditional artisans and their creative products with global markets. Wherever necessary patents and geographical indicators, will be obtained for them.

NRI investors sue ICICI Venture at top court in Mauritius

Mumbai, Oct 29 (IBNS): A group of 69 non-resident Indian (NRI) investors said on Tuesday that they had sued ICICI Venture at the Supreme Court in Mauritius, media reports said.