Saturday, September 8, 2012

How to open PPF Account online - SBI and ICICI bank

Online PPF Account with SBI and ICICI bank India
Now you can open PPF or Public Provident Fund account online in India with ICICI bank and State Bank of India (SBI). This is a major step to increase popularity of PPF or Public Provident fund account among individual especially youngster who love convenient of net-banking from office or home. All major financial and saving product like fixed deposit or FD,  recurring deposit or RD and mutual funds are already available online, which means hard to choose PPF account over these personal saving instruments.Now since PPF account is also available online you can get all benefits of PPF account with the convenience of net-banking in India.

Friday, September 7, 2012

How to check EPF (Employee Provident Fund) account balance online - free

How to find EPF (Employee Provident Fund) account balance online
You can now check your EFF (Employee Provident Fund) account balance online from the comfort of your office and home. No need to endure stress on multiple runs of government office.  In order to check your EPF account balance online, You just need to click below link and enter your EPF also known as PF account number and mobile number and it will display your total EPF (Employee Provident Fund) account balance. Every salaried employee In India who contributes some part of his salary to EPF (Employee provided Fund) have been curious to know his or her EFF (Employee Provident fund) account balance from a long time but going to EPF office and inquiring these details are a troublesome job, given how government offices works in India. 

Sunday, September 2, 2012

How to deposit money in NRE and NRO account -Savings Fixed deposit

How to deposit money in NRE account  -ICICI, HDFC, SBI
You can deposit money in NRE account held with ICICI Bank, HDFC Bank, SBI Banks, Kotak, Axis by using following methods:

Monday, August 6, 2012

FCNR Fixed or Term deposits - Should NRI Invest?

Should you Invest in FCNR fixed or term deposit?
FCNR (Foreign Currency Non Resident) deposit is another way NRI can invest money in fixed deposit, this is the third option for Indians staying abroad along with more popular NRE and NRO Fixed deposit. Since deregulation of the interest rate on FCNR deposit earlier this year, In an attempt to arrest Rupee slide against USD and attract more dollars from NRI customers, FCNR deposit has become an attractive alternative for NRI.

Saturday, July 28, 2012

NRE or NRO Savings Account – Which one NRI should open? Differences

NRE or NRO savings account, which should I open is first doubt comes in mind of any Non Resident Indian (NRI), who wants to open saving accounts in India on Indian banks like ICICI bank, SBI bank, HDFC Bank, Kotak Mahindra Bank and several other public sector banks which offer this facility like Bank of Baroda. NRE and NRO are two kinds of accounts any NRI can open in India, NRE stands for Non Resident External while NRO stands for Non Resident Ordinary account, though both can be held by Indians there are many differences between them and based upon your need you need to choose to open either NRE or NRO account in India. Almost all major banks both public sector and private sector like SBI, HDFC, ICICI, Kotak Mahindra allow NRI Indian to open both NRE and NRO account.

Saturday, July 21, 2012

Recurring deposit for NRI – latest offering from Indian banks

Recurring deposit for NRI customers
NRI recurring deposit is a new investment option offered by many Indian banks like HDFC Bank, SBI, ICICI and Kotak Mahindra, after their successful run with NRI fixed deposit. With almost 25-30% rise in exchange rates of USD to INR during the span of one year has made remitting money to India and investing in recurring and fixed deposit a lucrative option. Recurring deposit for NRI is available on HDFC bank and it may also available through other banks like Kotak Mahindra which I yet to check. I liked recurring deposit for NRI because it doesn't require you to invest wholesome amount and you can still take advantage of high-interest rate combine with super exchange rate before it’s too late. As it's quite clear that interest rates in India will only go down in near term, they are already fallen from their peak and exchange rate is also fluctuating I think locking money in recurring deposit is the best one can do if he wants to keep money in Indian rupees or want to pay EMI though that money or buy a house.

Sunday, January 22, 2012

Good time to invest in NRE Fixed Deposit in India

Why Invest in NRE Fixed Deposit in India?
NRE Fixed Deposit is very hot at this moment with soaring interest rate and very lucrative Exchange rates from USD to INR, SGD to INR and from other foreign currencies. For all those Indian who are living abroad or working abroad mostly my fellow IT Professionals, it’s good to invest in NRE Fixed deposit in India. As we know the successful key of Savings and Investment is diversification and Fixed Income forms a big part of it and always say that at least have your 50% money in Fixed deposits because of liquidity, security and ease of investment as an option it provides. NRE Fixed Deposit is even more special because all principle and interest earned on this account are TAX-FREE in India. So it’s the best way to bring foreign currency in India. The earlier rate of Interest on NRE Fixed deposit was quite low as compared to Resident savings account but now it's even at par of Resident account and many private banks are offering rates in the range of 9.2 to 9.6% per year with quarterly compounding basis.