Sandesh FEB NRI s Monthly Newsletter

Size: px
Start display at page:

Download "Sandesh FEB NRI s Monthly Newsletter"

Transcription

1 FEB 2018 Sandesh Prosperity for all FEB 2018 NRI s Monthly Newsletter NRI Cell, Head Office, Mangaladevi Temple Road Mangalore

2 Indians News From India NRIs can continue their PPF account now; Earlier it was to close on losing resident status Non-resident (NRIs) who have invested in the Public Provident Fund (PPF) may have got temporary relief for now. A few months ago in October, the Department of Economic Affairs (DEA) had said that if a resident, who opened an account under this scheme, and subsequently becomes a non-resident during the currency of the maturity period, the account shall be deemed to be closed with effect from the day he becomes a non-resident. Now, the DEA has released an office memo on February 23, 2018, keeping its earlier notification regarding the NRI's PPF account released on October 2, 2017, in abeyance (temporarily dismissed). An NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till maturity. PPF is a 15-year scheme, which can be extended indefinitely in blocks of five years. However, for a resident turned NRI, the extension was not allowed. According to the 2017 notification issued by the government, PPF (and even National Savings Certificate or NSC) held by an NRI would be treated as "deemed to be closed with effect from the day he becomes a non-resident" and would keep earning interest rate of a post office savings account. The recent notification is silent on NSC but makes it clear that the earlier diktat has been kept in abeyance till further notice for PPF account held by NRIs. (Source: ET ) Update Passport / Visa details NRI customers are requested to update valid KYC (Know Your Customer) documents. Please provide your latest KYC documents viz. Passport & Visa to your base branch, if the validity of the documents submitted earlier has expired. NRI Cell, Head Office, Mangaladevi Temple Road Mangalore

3 NRI Cell, Head Office, Mangaladevi Temple Road Mangalore

4 Floating Rate For all Tenors [max. 30 Years] Corp Home Loan # Processing charges under Festival offer on Corp Home loan upto Rs 2 crore (Floating rate) NIL * Processing charges under Festival offer on Corp Home loan above Rs 2 crore (Floating rate) 0.50 % of Loan Amount (Max Rs. 50,000/-) + No Processing charges under Festival offer on Corp Vehicle loan (For 4 Wheelers) Corp Vehicle Loan (For 4 wheelers) + Up to Rs. 2 Crore # Above Rs. 2 Crore * Floating Rate For Up to Rs.50 Lakhs Above Rs. 50 Lakhs all Tenors [max. 8.65% 9.00% 84 months] 8.90% 9.40% All NRE customers, those who availed housing loan on floating/fixed rate of interest are eligible for switchover to MCLR (Marginal cost of fund based lending rate) system by submitting a consent letter at the base branch. Housing loans on fixed interest rates are also available. Interest Rates are subject to change. Kindly contact the branch for prevailing interest rates. Maturity Band Interest Rates On NRI Deposit Schemes Interest rates on NRE Term Deposits are as under w.e.f Less than Rs.1 Cr Rs.1 Cr to < Rs.10 Cr Rs.10 Cr to < Rs.50 Cr Rs.50 Cr to Rs. 100cr [% per annum] Rs.100 Cr & above 1 year to 443 days days only days to 554 days days days to less than 3 years years and above The Interest rate on FCNR (B) deposits w.e.f. 1st Feb 2018 is as follows: Maturity Band USD GBP EUR AUD CAD 1 year to less than 2 years years to less than 3 years years to less than 4 years years to less than 5 years years [% per annum] Interest Rates are subject to change. Kindly contact the branch for prevailing interest rates. NRI Cell, Head Office, Mangaladevi Temple Road Mangalore

5 Our Offices NRI Cell, Head Office, Mangaladevi Temple Road Mangalore , Karnataka, India Tel: Tel: nricell@corpbank.co.in NRI Help Desk, 1 st Floor, Earnest Building Nariman Point, Mumbai , India Tel: nrihelp@corpbank.co.in Chief Representative Office # 203, 2nd Floor, Toronto Building, P O Box No , Bur Dubai, UAE Ph: Fax: Mob: : (Mr. Neeraj Rakesh) cbdubai@corpbank.co.in Mr. Ravikumar R Relationship Manager, Corporation Bank UAE Exchange Sharjah Main Branch, Post Box No 3851, Sharjah UAE, Tel Fax Mob: ravikumar4@corpbank.co.in (Representative Office) Unit No.03, 9/ Floor Cheong K. Building, Des Voeux Road Central,Hong Kong. Ph: FAX: ; Mob: (Mr. J. Vetri Selvan) cbhongkong@corpbank.co.in Mr. Sreekumar V D Relationship Manager, Corporation Bank UAE Exchange Mussafah II (Sector 12) Branch Opposite Zia pharmacy, Shabiya Sector 12 Mussafah, Abu Dhabi, UAE Fax Mob: / sreekumarvd@corpbank.co.in Treasury & Investment Department Head Office, Mangaladevi Temple Road Mangalore , Karnataka, India Tel: / / Fax: hotid@corpbank.co.in Treasury Branch, 15, Mittal Chambers, Nariman Point, Mumbai India Tel: , Fax: ibd@corpbank.co.in For any Suggestions/Queries/Grievances nricell@corpbank.co.in Website: Contact Number: / Disclaimer clause: The contents of this newsletter are based on information received from various sources and while compiling every effort has been made to ensure that the information is accurate and authentic. Corporation Bank does not accept any responsibility for interpretations of various rules or any errors/ omissions in the newsletter. NRI Cell, Head Office, Mangaladevi Temple Road Mangalore

Sandesh NOV NRI s Monthly Newsletter

Sandesh NOV NRI s Monthly Newsletter NOV 2017 Sandesh Prosperity for all NOV 2017 NRI s Monthly Newsletter 1 News From India NRIs, PIOs don't need to link bank a/c, PAN with Aadhaar, UIDAI clarifies NRIs and PIOs are not required to link

More information

Sandesh. Issue: December Monthly Newsletter for NRI patrons. Inside this issue

Sandesh. Issue: December Monthly Newsletter for NRI patrons. Inside this issue Monthly Newsletter for NRI patrons Issue: December 2018 Sandesh Page I II III Inside this issue Content NRE, NRO & FCNR deposit rates Retail Loans Interest Rates Latest Financial News for NRIs For any

More information

Corporation Bank. NRIs Monthly Newsletter. September 2016

Corporation Bank. NRIs Monthly Newsletter. September 2016 September 2016 NRIs Monthly Newsletter Corporation Bank [Type a quote from the document or the summary of an interesting point. You can position the text box anywhere in the document. Use the Drawing Tools

More information

Sandesh. March Celebrating 111 th Foundation Day. NRI s Monthly Newsletter. Prosperity for all

Sandesh. March Celebrating 111 th Foundation Day. NRI s Monthly Newsletter. Prosperity for all Prosperity for all Celebrating 111 th Foundation Day Sandesh NRI s Monthly Newsletter March 2016 1 Corporation Bank Sandesh - NRI s monthly newsletter (For private circulation only) News from India Budget

More information

Corporation Bank Sandesh NRIs newsletter (For private circulation only) Page 1

Corporation Bank Sandesh NRIs newsletter (For private circulation only) Page 1 Corporation Bank Sandesh NRIs newsletter (For private circulation only) Page 1 News from India Government to relax compliance norms for payments to NRIs from April 1, 2016 The Finance Ministry is proposing

More information

Sandesh. November May this festival of lights glow your life with joy, happiness and prosperity. Serving you, since 1906

Sandesh. November May this festival of lights glow your life with joy, happiness and prosperity. Serving you, since 1906 Serving you, since 1906 Sandesh NRI s Monthly Newsletter November-2015 May this festival of lights glow your life with joy, happiness and prosperity Corporation Bank Sandesh NRIs newsletter (For private

More information

KBL-PRAVASI SAMACHAR

KBL-PRAVASI SAMACHAR Dear Valued Customer, KBL-PRAVASI SAMACHAR Date: 03.11.2018 With over 9 decades of experience at the forefront of providing professional banking services and quality customer service, we now have a national

More information

KBL-PRAVASI SAMACHAR

KBL-PRAVASI SAMACHAR Dear Valued Customer, KBL-PRAVASI SAMACHAR Date: 01.03.2018 With over 9 decades of experience at the forefront of providing professional banking services and quality customer service, we now have a national

More information

Please clear browser history/cookies on your device in order to view the latest rates. *Effective Annualised Yield % for Senior Citizen

Please clear browser history/cookies on your device in order to view the latest rates. *Effective Annualised Yield % for Senior Citizen Attention of customers/public is invited on the changes in interest rates Fixed Deposits with effect from March 27, 2018. Interest Rate on Domestic, NRO, NRE & Flexi Fixed Deposits Interest Rates (% p.a.)

More information

Senior. *Effective Annualised. Citizen. (% p.a.)

Senior. *Effective Annualised. Citizen. (% p.a.) Attention of customers/public is invited on the changes in interest rates Fixed Deposits with effect from October 25, 2018. Interest Rate on Domestic, NRO, NRE & Flexi Fixed Deposits Period of Deposit

More information

Please clear browser history/cookies on your device in order to view the latest rates

Please clear browser history/cookies on your device in order to view the latest rates Attention of customers/public is invited on the changes in interest rates Fixed Deposits with effect from November 27, 2017. Interest Rate on Domestic, NRO, NRE & Flexi Fixed Deposits Deposits less than

More information

SBM India Indian Operations

SBM India Indian Operations SBM India Indian Operations Your Future Begins Here! We are offering attractive Interest Rates, be it on your Savings Account or Term Deposits. Invest your idle cash in NRE savings deposits and earn upto

More information

SBM India Indian Operations

SBM India Indian Operations SBM India Indian Operations Your Future Begins Here! We are offering attractive Interest Rates, be it on your Savings Account or Term Deposits. Invest your idle cash in NRE savings deposits and earn up

More information

BANK OF BAHRAIN & KUWAIT B.S.C. INTEREST RATES ON RUPEE DEPOSITS RESIDENT SAVINGS ACCOUNT ( w.e.f )

BANK OF BAHRAIN & KUWAIT B.S.C. INTEREST RATES ON RUPEE DEPOSITS RESIDENT SAVINGS ACCOUNT ( w.e.f ) INTEREST RATES ON RUPEE DEPOSITS RESIDENT SAVINGS ACCOUNT ( w.e.f. 01-12-2016 ) RATE OF INTEREST (P.A.) For balance up to Rs. 10 Lakh 4.00 For balance above Rs. 10 Lakh 5.00 NRE AND NRO SAVINGS ACCOUNT

More information

BANK OF BAHRAIN & KUWAIT B.S.C.

BANK OF BAHRAIN & KUWAIT B.S.C. INTEREST RATES ON RUPEE DEPOSITS RESIDENT SAVINGS ACCOUNT ( w.e.f. 01-12-2016 ) RATE OF INTEREST (P.A.) For balance up to Rs. 10 Lakh 4.00 For balance above Rs. 10 Lakh 5.00 NRE AND NRO SAVINGS ACCOUNT

More information

SBM India Indian Operations

SBM India Indian Operations SBM India Indian Operations Your Future Begins Here! We are offering attractive Interest Rates, be it on your Savings Account or Term Deposits. Invest your idle cash in NRE savings deposits and earn up

More information

SBM India Indian Operations

SBM India Indian Operations SBM India Indian Operations Your Future Begins Here! We are offering attractive Interest Rates, be it on your Savings Account or Term Deposits. Invest your idle cash in NRE savings deposits and earn up

More information

NRI Sampark. January 01, Dear Friends, Wish you a very happy & prosperous New Year 2019.

NRI Sampark. January 01, Dear Friends, Wish you a very happy & prosperous New Year 2019. NRI Sampark A Quarterly Newsletter for esteemed NRI clients of IDBI Bank, October December 2018 January 01, 2019 Dear Friends, Wish you a very happy & prosperous New Year 2019. At the outset, I take this

More information

œïš ˆÅ Ä Head Office í¾ Hyderabad

œïš ˆÅ Ä Head Office í¾ Hyderabad Issue No.58 October, 2014 šï ÿˆå ANDHRA BANK (ž ˆÅ ˆÅ œ ÇÅŸ (A Govt. of India Undertaking) œïš ˆÅ Ä Head Office í¾ Hyderabad AB Connect N R I A news bulletin from Andhra Bank INDEX 1. Interest Rates 2.

More information

NRI Sampark. A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. 8, April June 2015

NRI Sampark. A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. 8, April June 2015 NRI Sampark A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. 8, April June 2015 July 1, 2015 Dear NRI friends, Season s greetings from IDBI Bank. At the outset, I take this opportunity

More information

NRI Sampark. A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. 12, April June 2016

NRI Sampark. A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. 12, April June 2016 NRI Sampark A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. 12, April June 2016 Dear NRI friends, July 1, 2016 Season s greetings from IDBI Bank. At the outset, I take this opportunity

More information

INTERIM BUDGET 2019 ANALYSIS OF DIRECT TAX PROPOSALS

INTERIM BUDGET 2019 ANALYSIS OF DIRECT TAX PROPOSALS INTERIM BUDGET 2019 ANALYSIS OF DIRECT TAX PROPOSALS K.VAITHEESWARAN ADVOCATE & TAX CONSULTANT Mobile: 98400-96876 E-mail : vaithilegal@gmail.com VENKATAGIRI Flat No.8/3 & 8/4, Ground Floor, No.8 (Old

More information

As proposed in The Finance Bill, 2016 introduced by Finance Minister of India on 29th February, 2016.

As proposed in The Finance Bill, 2016 introduced by Finance Minister of India on 29th February, 2016. 1 Budget 2016-2017 Highlights for Non-Residents As proposed in The Finance Bill, 2016 introduced by Finance Minister of India on 29th February, 2016. The Indian Budget presented by the Finance Minister

More information

April Vol. 2 - Issue 1

April Vol. 2 - Issue 1 April 2019 Vol. 2 - Issue 1 FROM GENERAL MANAGER'S DESK POWER OF THREE AMBLUM Dear Customer, We are happy to inform you that Vijaya Bank and Dena Bank has amalgamated with Bank of Baroda w.e.f 01.04.2019

More information

VARIOUS DEPOSIT SCHEMES AVAILABLE TO NON-RESIDENT INDIANS (NRIs)

VARIOUS DEPOSIT SCHEMES AVAILABLE TO NON-RESIDENT INDIANS (NRIs) VARIOUS DEPOSIT SCHEMES AVAILABLE TO NON-RESIDENT INDIANS (NRIs) Particulars Foreign Currency (Non-Resident) Account (Banks) Scheme [FCNR (B) Account] Non-Resident (External) Rupee Account Scheme [NRE

More information

I) INTEREST RATE RANGE ON LOANS AND ADVANCES TO INDIVIDUALS UNDER RETAIL LENDING FOR THE PAST QUARTER- September RANGE OF ROI MEAN

I) INTEREST RATE RANGE ON LOANS AND ADVANCES TO INDIVIDUALS UNDER RETAIL LENDING FOR THE PAST QUARTER- September RANGE OF ROI MEAN ANNEXURE-1A I) INTEREST RATE RANGE ON LOANS AND ADVANCES TO INDIVIDUALS UNDER RETAIL LENDING FOR THE PAST QUARTER- September- 2018 SCHEME RANGE OF ROI MEAN Housing 8.65% to 9.25% 8.95% Mortgage against

More information

Personal Segment Loan Products

Personal Segment Loan Products Personal Segment Loan Products Rate of under with effect from 03/12/2018 1. Home Loan Product Home Loan - Floating Home Loan - Fixed Plot Loan HL under CRE Sub- Category Upto Rs. 75.00 Lakh 8.75% 0.00%

More information

Revision in Base Rate w.e.f

Revision in Base Rate w.e.f Bank of India Head Office CORPORATE CREDIT Department Revision in w.e.f. 31.03.2017 ---------------------------------- 1. has been revised from 9.65% to 9.55% p.a. w.e.f. 31.03.2017. 2. BPLR continues

More information

RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai RBI/ /613 June 20, 2012

RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai RBI/ /613 June 20, 2012 RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 RBI/2011-12/613 June 20, 2012 A.P. (DIR Series) Circular No.133 To All Category - I Authorised Dealer Banks Madam / Sir,

More information

5 years to 10 years

5 years to 10 years TAMILNAD MERCANTILE BANK LIMITED Interest Rates and Service Charges Rates at a Quick Glance (As per format prescribed by RBI/2008-09/166 DBOD.No.Leg.BC.42 /09.07.005/2008-09 dated 12-09-2008) Rates at

More information

Corporation Bank (A Premier Public Sector Bank)

Corporation Bank (A Premier Public Sector Bank) Corporation Bank (A Premier Public Sector Bank) Premises Division Head Office: P.B. No.88, Mangaladevi Temple Road, Pandeshwar, Mangalore 575 001 Tel:0824 2426416 to 2426420 Ext 391, 369 Email: ppmd@corpbank.co.in

More information

NRI offerings: E-broking Offline Demat Advisory Services Equity and Fundamental Research MF/IPO

NRI offerings: E-broking Offline Demat Advisory Services Equity and Fundamental Research MF/IPO Presentation on SSL NRI Demat & Trading Product (NRI e-z Trade) * in association with SBI Our Products and Offerings 3 in 1 Account e-broking Seamless Online trading experience to invest in the Indian

More information

NRE & NRO Savings account

NRE & NRO Savings account NRE & NRO Savings account Who are eligible to open NRE & NRO account? Individual NRI s and PIO s are eligible to open NRE and NRO account. NRI (Non-Resident Indian) - An Indian Citizen residing outside

More information

APPLICATION FOR DESIGNATING BANK ACCOUNT FOR PORTFOLIO INVESTMENT SCHEME (PIS)

APPLICATION FOR DESIGNATING BANK ACCOUNT FOR PORTFOLIO INVESTMENT SCHEME (PIS) APPLICATION FOR DESIGNATING BANK ACCOUNT FOR PORTFOLIO INVESTMENT SCHEME (PIS) Application for designating an exclusive account for routing all his/her transactions made under Portfolio Investment Scheme

More information

CHAMBER OF TAX CONSULTANTS INTENSIVE STUDY COURSE ON FEMA PURCHASE OF IMMOVABLE PROPERTY OUTSIDE INDIA CA RAJESH L. SHAH

CHAMBER OF TAX CONSULTANTS INTENSIVE STUDY COURSE ON FEMA PURCHASE OF IMMOVABLE PROPERTY OUTSIDE INDIA CA RAJESH L. SHAH CHAMBER OF TAX CONSULTANTS INTENSIVE STUDY COURSE ON FEMA PURCHASE OF IMMOVABLE PROPERTY OUTSIDE INDIA CA RAJESH L. SHAH Contents 1 Notification 7 (R) Acquisition and Transfer of Immovable Property Outside

More information

From Date The Manager - NRI Department AXIS BANK LTD Dear Sir, Demat Charges Standing Instruction You are requested to mark standing instructions to debit my NRE/NRO saving bank account No on the basis

More information

SERVICE CHARGES AND INTEREST RATES AT A GLANCE RBI FORMAT. NATURE RATE OF INTEREST MINIMUM BALANCE Normal Sr. Citizen Rural Semi urban

SERVICE CHARGES AND INTEREST RATES AT A GLANCE RBI FORMAT. NATURE RATE OF INTEREST MINIMUM BALANCE Normal Sr. Citizen Rural Semi urban SERVICE CHARGES AND INTEREST RATES AT A GLANCE 1. DEPOSIT ACCOUNTS RBI FORMAT NATURE RATE OF INTEREST MINIMUM BALANCE Normal Sr. Citizen Rural Semi urban Urban ACCOUNT 1 Savings Bank A/cs A.Domestic a.

More information

NRI Sampark. A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. I, July September 2013

NRI Sampark. A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. I, July September 2013 NRI Sampark A Quarterly Newsletter for esteemed NRI clients by IDBI Bank Vol. I, July September 2013 Dear NRI Patrons, Greetings from IDBI Bank! During the year, IDBI Bank is completing 50 years in the

More information

A BUDGET FOR A Y From the desk of - B.L. Tulsian Advocate. R. Tulsian & Co LLP Chartered Accountants.

A BUDGET FOR A Y From the desk of - B.L. Tulsian Advocate. R. Tulsian & Co LLP Chartered Accountants. A BUDGET A N A L Y S I S FOR A Y 2020-21 From the desk of - B.L. Tulsian Advocate R. Tulsian & Co LLP Chartered Accountants www.rtulsian.com Page2 Contents Amendment of Section 16... 3 Amendment to Section

More information

In terms of the Foreign Exchange Management Act (FEMA), 1999 a person resident outside India means a person who is not resident in India.

In terms of the Foreign Exchange Management Act (FEMA), 1999 a person resident outside India means a person who is not resident in India. RBI Guide lines Note: The below stated information has been taken from the FAQ s Selection of the RBI, Which was last update on the Septmeber 19 2014. We aim to keep updated this selection with relevant

More information

Service and Price Guide NPP V4/07/2018. sc.com/ae

Service and Price Guide NPP V4/07/2018. sc.com/ae Service and Price Guide NPP V4/07/2018 sc.com/ae Branch Directory Abu Dhabi Khalidiya Branch Ground Floor Prestige Tower, W-10/C-10 Khalidiya Abu Dhabi, UAE Al Ain Main Street Al Dhaheri Group Building

More information

1. RATE OF INTEREST IN CASE OF RUPEE EXPORT CREDIT. % age per annum 1. Pre-Shipment Credit a) Upto 180 days OBC 1 to 3: BR+0.50% OBC 4 to 6: BR+0.

1. RATE OF INTEREST IN CASE OF RUPEE EXPORT CREDIT. % age per annum 1. Pre-Shipment Credit a) Upto 180 days OBC 1 to 3: BR+0.50% OBC 4 to 6: BR+0. 1. RATE OF INTEREST IN CASE OF RUPEE EXPORT CREDIT Annexure IV Category of Export Credit Rate of Interest on advances % age per annum 1. Pre-Shipment Credit a) Upto 180 days OBC 1 to 3: BR+0.50% OBC 4

More information

FOREIGN EXCHANGE TRANSACTIONS

FOREIGN EXCHANGE TRANSACTIONS FOREIGN EXCHANGE TRANSACTIONS Sl Subject Page No. 1. General 2. Export bills purchased/ discounted/ negotiated: 2.1 Foreign Currency Bill 2.2 Rupee Bill 3 2.3 Bill sent to another bank in India 2.4 Indemnity

More information

RBI FACILITIES FOR NON RESIDENT INDIAN (NRI)

RBI FACILITIES FOR NON RESIDENT INDIAN (NRI) RBI FACILITIES FOR NON RESIDENT INDIAN (NRI) FACILITIES FOR NON RESIDENT INDIANS (NRIS) AND PERSONS OF INDIAN ORIGIN (PIOS) (updated as on January 17, 2012) In terms of the Foreign Exchange Management

More information

8. SERVICE CHARGES AND INTEREST RATES AT A GLANCE. RBI FORMAT ================ DEPOSIT ACCOUNTS

8. SERVICE CHARGES AND INTEREST RATES AT A GLANCE. RBI FORMAT ================ DEPOSIT ACCOUNTS ACCOUNT 8. SERVICE CHARGES AND INTEREST RATES AT A GLANCE. RBI FORMAT ================ DEPOSIT ACCOUNTS NATURE RATE OF INTEREST MINIMUM BALANCE Normal Sr. Citizen Rural Semi urban Urban 1 Savings Bank

More information

# no other component to be added over and above these three components like tenor premium etc.

# no other component to be added over and above these three components like tenor premium etc. Bank of India Head Office CORPORATE CREDIT Department MARGINAL COST OF FUND BASED LENDING RATES (MCLR) Revision in Credit Spread w.e.f. 01.01.2017. ---------------------------------------------------------------------------------------------

More information

INTERNATIONAL DIVISION

INTERNATIONAL DIVISION I. EXPORTS 1. (A) Bills Purchased / Discounted / Negotiated (a) Processing Charges for Foreign Currency Export Bills (b) Processing Charges for each Rupee Export Bills (c) Forwarding Export Document on

More information

File No. 1-2/2007/SPF Government of India Ministry of Consumer Affairs, Food and Public Distribution (Department of Food and Public Distribution)

File No. 1-2/2007/SPF Government of India Ministry of Consumer Affairs, Food and Public Distribution (Department of Food and Public Distribution) File No. 1-2/2007/SPF Government of India Ministry of Consumer Affairs, Food and Public Distribution (Department of Food and Public Distribution) ORDER Krishi Bhavan, New Delhi. Dated 19 th April, 2007

More information

Service and Price Guide NPP/04/2018. sc.com/ae

Service and Price Guide NPP/04/2018. sc.com/ae Service and Price Guide NPP/04/2018 sc.com/ae CURRENT AND SAVINGS ACCOUNTS # Account Maintenance Fee * Relationship type Salary transfer (

More information

Listing Requirements Secondary Listing- Exclusively Listed on Regional Stock Exchange

Listing Requirements Secondary Listing- Exclusively Listed on Regional Stock Exchange Listing Requirements Secondary Listing- Exclusively Listed on Regional Stock Exchange Criteria for Secondary Listing The applicant Company whose securities that are proposed for secondary listing shall

More information

RELIANCE GLOBAL ENERGY SERVICES LIMITED Reliance Global Energy Services Limited

RELIANCE GLOBAL ENERGY SERVICES LIMITED Reliance Global Energy Services Limited RELIANCE GLOBAL ENERGY SERVICES LIMITED 1177 Reliance Global Energy Services Limited 1178 RELIANCE GLOBAL ENERGY SERVICES LIMITED Independent Auditor s Report To the Members of Reliance Global Energy Services

More information

LOAN APPLICATION FOR PURCHASE OF FREEHOLD PROPERTY

LOAN APPLICATION FOR PURCHASE OF FREEHOLD PROPERTY 3/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi -110049 Ph: 2649 5506, 2649 6507, 2649 4508, 2649 7509, 2649 5635 Fax : 2649 6332 LOAN APPLICATION FOR PURCHASE OF FREEHOLD PROPERTY AFFIX

More information

TENDER NOTIFICATION FOR SUPPLY OF WALL CALENDARS

TENDER NOTIFICATION FOR SUPPLY OF WALL CALENDARS Corporation Bank (A Premier Public Sector Bank) CORPORATE COMMUNICATION, PUBLICITY & PUBLIC RELATIONS DIVISION Head Office, Mangaladevi Temple Road, Mangalore 575 001 Ph.No.0824 2861558, Fax No.0824 2444617

More information

TAX CONNECT TAX CONNECT. Knowledge Partner: The Bengal Chamber of Commerce & Industry. 206th Issue: 13th Jan th Jan 2019 INCOME TAX CUSTOMS

TAX CONNECT TAX CONNECT. Knowledge Partner: The Bengal Chamber of Commerce & Industry. 206th Issue: 13th Jan th Jan 2019 INCOME TAX CUSTOMS 0 206th Issue: 13th Jan 2019 19th Jan 2019 TAX CONNECT Knowledge Partner: The Bengal Chamber of Commerce & Industry INCOME TAX CUSTOMS [ TAX CONNECT Kolkata :1, Old Court House Corner, Tobacco House 1

More information

Foreign Exchange Management ( Borroweing and lending in rupees) Regulations, Notification No.FEMA 4 /2000-RB dated 3rd May 2000

Foreign Exchange Management ( Borroweing and lending in rupees) Regulations, Notification No.FEMA 4 /2000-RB dated 3rd May 2000 Foreign Exchange Management ( Borroweing and lending in rupees) Regulations, 2000 Notification No.FEMA 4 /2000-RB dated 3rd May 2000 RESERVE BANK OF INDIA ( EXCHANGE CONTROL DEPARTMENT ) CENTRAL OFFICE

More information

History 1.Axis Bank Limited 3. Axis Bank 6.Axis Bank

History 1.Axis Bank Limited 3. Axis Bank 6.Axis Bank Company Profile History 1.Axis Bank Limited is an Indian financial services corporation headquartered in Mumbai, Maharashtra. 2. It had begun operations in 1994, after the Government of India allowed new

More information

IMPORTANT TERMS AND CONDITIONS To get the complete version, please visit

IMPORTANT TERMS AND CONDITIONS To get the complete version, please visit IMPORTANT TERMS AND CONDITIONS To get the complete version, please visit www.hsbc.co.in 1. FEES AND CHARGES a) Annual membership fees The HSBC Advance Platinum Credit Card is offered based on an HSBC Advance

More information

Qualified Foreign Investors entry in the Indian Capital Markets

Qualified Foreign Investors entry in the Indian Capital Markets Qualified Foreign Investors entry in the Indian Capital Markets "The Indian Government has recently permitted Foreign Investors termed as Qualified Foreign Investors ( QFIs ) who meet prescribed Know Your

More information

APPLICATION FOR PORTFOLIO INVESTMENT SCHEME

APPLICATION FOR PORTFOLIO INVESTMENT SCHEME APPLICATION FOR PORTFOLIO INVESTMENT SCHEME Date: The Manager NRI and PIS Services HDFC Bank branch. Dear Sir, Ref: Application for permission to deal in shares in secondary market under the Portfolio

More information

Forex related areas including Advances & Deposits

Forex related areas including Advances & Deposits Forex related areas including Advances & Deposits By CA Ketan Saiya FCA, DISA (ICAI). KDS & Co. Chartered Accountants Saturday, 20 th January 2018. Topic Coverage: Introduction Concurrent Auditors Role

More information

RELIANCE GLOBAL ENERGY SERVICES LIMITED 1. Reliance Global Energy Services Limited

RELIANCE GLOBAL ENERGY SERVICES LIMITED 1. Reliance Global Energy Services Limited RELIANCE GLOBAL ENERGY SERVICES LIMITED 1 Reliance Global Energy Services Limited 2 RELIANCE GLOBAL ENERGY SERVICES LIMITED IndependentAuditor s Report To the Members of Reliance Global Services Limited

More information

REVISED SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS W.E.F. MAY 20, 2013

REVISED SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS W.E.F. MAY 20, 2013 REVISED SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS W.E.F. MAY 20, 2013 TYPES OF TRANSACTION 1 For each Foreign Currency and Rupee Bill Purchased/ Discounted/ Negotiated Collection/Bills under PCFC/

More information

Know Your Customer (KYC) Application Form (For Individuals Only) (Please fill in ENGLISH and in BLOCK LETTERS with black ink)

Know Your Customer (KYC) Application Form (For Individuals Only) (Please fill in ENGLISH and in BLOCK LETTERS with black ink) Know Your Customer (KYC) Application Form (For Individuals Only) (Please fill in ENGLISH and in BLOCK LETTERS with black ink) Resident Individual Non-Resident Individual Diplomat Foreign National Person

More information

/Head Office. Sl. Rate of Interest (linked with MCLR- Y) MCLR-Y=8.60% w.e.f Category of Advance

/Head Office. Sl. Rate of Interest (linked with MCLR- Y) MCLR-Y=8.60% w.e.f Category of Advance 龸 ؼ 맘 κꔰؼ 퀍ᅧ퀍 κ フィート䁯 맘 /United Bank of India 맘 ؼ ᅧ맘맘 /Head Office Rate of interest Chart on various categories of loans and advances linked with MCLR MCLR internal benchmark rate for different maturities

More information

Press Release

Press Release ---------------------------------------------------------------------------------------------------- Press Release Financial Results for the Quarter and Nine Months Ended December 31, 2017. The Board of

More information

SCHEDULE OF CHARGES (SC 2012/2069)

SCHEDULE OF CHARGES (SC 2012/2069) SCHEDULE OF CHARGES (SC 2012/2069) SUNRISE BANK LTD 2012/2069 Table of Contents Page No. (A) Import Letter of Credit 3 (B) Export Letter of Credit 6 (C) Guarantee 9 (D) Clean Bills Purchase 11 (E) Clean

More information

SERVICE CHARGES AND INTEREST RATES AT A GLANCE RBI FORMAT 1. DEPOSIT ACCOUNTS

SERVICE CHARGES AND INTEREST RATES AT A GLANCE RBI FORMAT 1. DEPOSIT ACCOUNTS SERVICE CHARGES AND INTEREST RATES AT A GLANCE RBI FORMAT 1. DEPOSIT ACCOUNTS NATURE RATE OF INTEREST MINIMUM BALANCE Normal Sr. Citizen Rural Semi urban Urban ACCOUNT 1 Savings Bank A/cs A.Domestic a.

More information

3/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi Ph: , , , , Fax :

3/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi Ph: , , , , Fax : 3/6, Siri Fort Institutional Area, August Kranti Marg, New -110049 Ph: 2649 5506, 2649 6507, 2649 4508, 2649 7509, 2649 5635 Fax : 2649 6332 LOAN APPLICATION FOR SWAPPING OF LOAN OF OTHER HOUSING FINANCE

More information

SCHEDULE OF CHARGES SUNRISE BANK LTD

SCHEDULE OF CHARGES SUNRISE BANK LTD SCHEDULE OF CHARGES SUNRISE BANK LTD Contents (A) IMPORT LETTER OF CREDIT... 3 (B) EXPORT LETTER OF CREDIT... 6 (C) GUARANTEE... 9 (D) CLEAN BILLS PURCHASE... 11 (E) CLEAN BILLS COLLECTION... 12 (F) OUTWARD

More information

/ NON US US NRI SSN / USA: Permanent Indian

/ NON US US NRI SSN / USA: Permanent Indian US NRI / NON US 6 US NRI 6 / NON US I have registered myself on ICICIdirect.com website for opening an ICICIdirect.com account including bank and demat accounts. The USER ID and password for this account

More information

Service and Price Guide NPP V1/11/2018. sc.com/ae

Service and Price Guide NPP V1/11/2018. sc.com/ae Service and Price Guide NPP V1/11/2018 sc.com/ae CURRENT AND SAVINGS ACCOUNTS # Account Maintenance Fee Charges (AED) 1 Relationship Type Salary transfer (

More information

Taxation of Expatriates Issues which can be considered for taxation of Expatriates: - Residential Status. - Taxation of salary, perquisites, amenities

Taxation of Expatriates Issues which can be considered for taxation of Expatriates: - Residential Status. - Taxation of salary, perquisites, amenities SIRC of ICAI Tirupur Branch Taxation of Expatriates 9 th February, 2008 Naresh Ajwani Partner Rashmin Sanghvi & Associates Chartered Accountants Taxation of Expatriates Issues which can be considered for

More information

A study of financial performance: a comparative analysis of axis and ICICI bank

A study of financial performance: a comparative analysis of axis and ICICI bank International Journal of Multidisciplinary Research and Development Online ISSN: 2349-4182, Print ISSN: 2349-5979 Impact Factor: RJIF 5.72 www.allsubjectjournal.com Volume 4; Issue 11; November 2017; Page

More information

Chamber of Income Tax Consultants Residence of an Individual under FEMA and Income-tax laws Naresh Ajwani

Chamber of Income Tax Consultants Residence of an Individual under FEMA and Income-tax laws Naresh Ajwani Page 1 of 16 Chamber of Income Tax Consultants Residence of an Individual under FEMA and Income-tax laws Naresh Ajwani 1. Background: Residential status is the starting point to determine: the extent to

More information

CHAPTER 39 UNION SMART RUPEE DEPOSIT SCHEME

CHAPTER 39 UNION SMART RUPEE DEPOSIT SCHEME CHAPTER 39 UNION SMART RUPEE DEPOSIT SCHEME 1 CHAPTER 39 UNION SMART RUPEE DEPOSIT SCHEME INDEX Para No TOPIC Page No 39 Introduction 3 39 1 Salient features of the scheme 3 39 2 Modalities of the Scheme

More information

PRESS RELEASE. Federal Bank Delivers Highest Ever Operating Profit of Rs.589 Cr in Q4

PRESS RELEASE. Federal Bank Delivers Highest Ever Operating Profit of Rs.589 Cr in Q4 May 9, 2018 PRESS RELEASE Federal Bank Delivers Highest Ever Operating Profit of Rs.589 Cr in Q4 Federal Bank announced its audited financial results for the quarter and year ended 31 st March 2018 today

More information

Secure your dreams and also get a whole life cover

Secure your dreams and also get a whole life cover Secure your dreams and also get a whole life cover Birla Sun Life Insurance Vision A whole life insurance plan PLAN at a GLANCE This life insurance plan offers Whole Life cover to Age 100 plus a Guaranteed

More information

Event Driven Filings. Guidance

Event Driven Filings. Guidance Event Driven Filings Guidance Contents Contents... 2 1. Introduction... 4 Registration Authority Office... 4 The Registrar s main functions under Companies and Commercial Licensing Regulations... 4 Opening

More information

INVESTOR PRESENTATION FEDERAL BANK

INVESTOR PRESENTATION FEDERAL BANK INVESTOR PRESENTATION FY 2010-11 Fourth Quarter & Annual Results as on 31.03.2011 PERFORMANCE HIGHLIGHTS Q4 FY 11 FY 2011 (YOY growth) (YOY growth) Net Interest Income Fee Income Total Income Net Profit

More information

The issue offers yield ranging from % to % depending upon the series applied for and category of investor

The issue offers yield ranging from % to % depending upon the series applied for and category of investor INVESTMENT RATIONALE The issue offers yield ranging from 12.25 % to 12.6184% depending upon the series applied for and category of investor Opportunity to invest in a subsidiary of Religare Enterprises

More information

MOST IMPORTANT TERMS AND CONDITIONS

MOST IMPORTANT TERMS AND CONDITIONS MOST IMPORTANT TERMS AND CONDITIONS Following are the Major Terms and Conditions agreed between (Borrower) and the (Housing Finance Co) are as under Loan Loan Amount Purpose of Loan Rate of Interest Tenure

More information

Forthcoming Programmes. PCS Updates. SEBI Updates. RBI Updates

Forthcoming Programmes. PCS Updates. SEBI Updates. RBI Updates HOME 'ICSI House', 22 Institutional Area, Lodi Road, New Delhi-110003, India. Phone-(011) 41504444, 45341000, Fax-(011)24626727, Email - info@icsi.edu HOME Forthcoming Programmes 38 th National Convention

More information

Q2 FY 12 INVESTOR PRESENTATION

Q2 FY 12 INVESTOR PRESENTATION Q2 FY 12 INVESTOR PRESENTATION PERFORMANCE HIGHLIGHTS Profitability Measure ROA 1.34 1.15 1.44 11.48% 11.28% 14.29% Shareholder Value Measure ROE 38.60% 38.91% Efficiency Measure COST-INCOME 33.90% 0.68

More information

Draft Gold Monetisation Scheme: Finding the shine inside. Gems & Jewellery. June 4, 2015

Draft Gold Monetisation Scheme: Finding the shine inside. Gems & Jewellery. June 4, 2015 June 4, 2015 Gems & Jewellery Draft Gold Monetisation Scheme: Finding the shine inside Introduction The Ministry of Finance (MoF) on May 19, 2015 has come out with the draft Gold Monetisation Scheme through

More information

THE DHANALAKSHMI BANK LTD (Rates at a quick glance as on )

THE DHANALAKSHMI BANK LTD (Rates at a quick glance as on ) THE DHANALAKSHMI BANK LTD (Rates at a quick glance as on 01.04.2010) Deposit Accounts NATURE RATE OF INTEREST MINIMUM BALANCE Senior Normal Citizen RURAL Semi Urban Urban ACCOUNT Savings Bank A/c A.Domestic

More information

Tax essentials for Individuals

Tax essentials for Individuals Tax Rates The income tax rates are: Taxable Income for Men & Rate Taxable Income for Senior Rate Women Citizen Up to Rs. 2,00,000 Nil Up to Rs. 2,50,000 Nil 2,00,001 to 5,00,000 10% 2,50,001 to 5,00,000

More information

FY Annual Results. Investor Presentation

FY Annual Results. Investor Presentation FY 2011-12 Annual Results Investor Presentation Performance Highlights Q4FY12 12M FY12 Net Profit 25% YOY 25% YOY Net Interest Income 26% YOY 22% YOY Fee Income 8% YOY 25% YOY Operating Revenue 18% YOY

More information

Other facilities to NRIs/PIO and other Foreign Currency Accounts

Other facilities to NRIs/PIO and other Foreign Currency Accounts PUNJAB NATIONAL BANK RESOURCE MOBALISATION DIVISION HO: NEW DELHI Other facilities to NRIs/PIO and other Foreign Currency Accounts 1. Investment facilities for NRIs 1.1 NRI may, without limit, purchase

More information

3/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi Ph: , , , , Fax :

3/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi Ph: , , , , Fax : 3/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi -110049 Ph: 2649 5506, 2649 6507, 2649 4508, 2649 7509, 2649 5635 Fax : 2649 6332 LOAN APPLICTION FOR CONVERSATION OF PROPERTY FROM LEASEHOLD

More information

Flexi Compensation Structure Guidelines: FY (Band 4 & above)

Flexi Compensation Structure Guidelines: FY (Band 4 & above) Flexi Compensation Structure Guidelines: FY 2017-18 (Band 4 & above) Introduction At Piramal Group, it is our constant endeavor to keep our compensation competitive with the industry and to enhance value

More information

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 2006 Rs lakhs Sr. No. Dec-05 (Unaudited)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 2006 Rs lakhs Sr. No. Dec-05 (Unaudited) KOTAK MAHINDRA BANK LIMITED (CONSOLIDATED) Registered Office: 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 2006

More information

SCHEDULE OF INTEREST RATE ON LOANS AND ADVANCES Base 10.40% w.e.f

SCHEDULE OF INTEREST RATE ON LOANS AND ADVANCES Base 10.40% w.e.f SCHEDULE OF INTEREST RATE ON LOANS AND ADVANCES WORKING CAPITAL LIMITS AND TERM LOANS Advances less than & including Rs.25 Lacs Term loan & Working Capital - Priority - Non-Priority - NBFCs [excl Micro

More information

RBI/ /551 DNBR (PD).CC.No.028/ / April 10, 2015

RBI/ /551 DNBR (PD).CC.No.028/ / April 10, 2015 RBI/2014-15/551 DNBR (PD).CC.No.028/03.10.001/2014-15 April 10, 2015 All NBFCs with asset size of `.100 cr and above (excluding Primary Dealers) Dear Sirs, NBFCs- Lending against Shares Clarification Please

More information

GENERAL TARIFF - PERSONAL ACCOUNT

GENERAL TARIFF - PERSONAL ACCOUNT GENERAL TARIFF - PERSONAL ACCOUNT A. BRUNEI DOLLAR DEPOSIT ACCOUNT Minimum Opening Deposit BND 100 - Statement Savings for minor and student accounts BND 50 BND 1,000 - Fixed Deposit Account BND 1,000

More information

RELIANCE GLOBAL ENERGY SERVICES LIMITED. Reliance Global Energy Services Limited

RELIANCE GLOBAL ENERGY SERVICES LIMITED. Reliance Global Energy Services Limited 1 Reliance Global Energy Services Limited 2 Independent Auditor s Report TO THE MEMBERS OF We have audited the financial statements of Reliance Global Energy Services Limited for the year ended 31 March

More information

Education Loan. What is Education Loan?

Education Loan. What is Education Loan? Education Loan What is Education Loan? An Education loan is designed to help students pay for college tuitions, books, and living expenses. It differs from other types of loans in that the interest rate

More information

Westpac India - Cheque Collection Policy

Westpac India - Cheque Collection Policy Westpac India - Cheque Collection Policy Dated 27 th June 2016 FOR INTERNAL USE ONLY 1 P a g e Cheque Collection Policy of Westpac India FOR INTERNAL USE ONLY WESTPAC INDIA CHEQUE COLLECTION DOCUMENT HIERARCHY

More information

Birla Sun Life Savings Fund

Birla Sun Life Savings Fund Birla Sun Life Savings Fund (An Open ended Short Term Income Scheme) This Product is suitable for investors who are seeking*: reasonable returns with convenience of liquidity over short term investments

More information

A.K. Stockmart Pvt. Ltd. Public Issue of Tax Free Secured Redeemable Non Convertible Bonds by NHPC LIMITED Oct 18, Nov 11, 2013

A.K. Stockmart Pvt. Ltd. Public Issue of Tax Free Secured Redeemable Non Convertible Bonds by NHPC LIMITED Oct 18, Nov 11, 2013 A.K. Stockmart Pvt. Ltd. Public Issue of Tax Free Secured Redeemable Non Convertible Bonds by NHPC LIMITED Oct 18, 2013- Nov 11, 2013 NHPC LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX

More information

EXECUTIVE SUMMARY FEMA Regulations

EXECUTIVE SUMMARY FEMA Regulations Doha Chapter of ICAI 5 th January 2014 Relevant Changes in FEMA regulations and Direct & Indirect Taxation affecting Real Estate Transactions, with reference to NRI by CA R.BUPATHY PAST PRESIDENT - ICAI

More information