Nri

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Nri

  1. 1. NRI BANKING
  2. 2. Oxygen for well being of the economy <ul><li>Public Banks </li></ul><ul><li>Private Banks </li></ul>
  3. 3. NRI accounts are maintained by authorised dealers from RBI.
  4. 4. Types of deposit schemes made available to NRIs <ul><li>FCNR (B) </li></ul><ul><li>NRO Account </li></ul><ul><li>NRE Account </li></ul>All NRIs can open such accounts, with the exception individuals of Pakistan and Bangladesh
  5. 5. Investment avenues for NRI such as immovable property Bank Deposits Government Bonds Investment in Shares Foreign Direct Investment in India FEMA covers all matters related to :- Section 2 Describes Identification of NRI, Foreign Exchange and Foreign Security
  6. 6. <ul><li>Repatriable Accounts </li></ul><ul><li>Non-Resident (External) Rupee (NRE) </li></ul><ul><li>Accounts </li></ul><ul><li>FCNR (B) Accounts </li></ul><ul><li>Resident Foreign Currency (RFC) </li></ul><ul><li>Account </li></ul><ul><li>Non Resident Ordinary (NRO) Account </li></ul><ul><li>Non-Repatriable Accounts </li></ul>
  7. 7. .
  8. 8. NRE ACCOUNTS NRO ACCOUNTS FNCR ACCOUNTS Years 1-2 yrs 2-3yrs 3-4 yrs 5 yrs Rates 5.30 5.06 5.00 5.00 YEAR 1-2 yrs Rate 3.5 YEAR 5 yrs Rate 5.00
  9. 9. There are many Private Banks & Public Bank in economy which provides various facilities. Some of the banks are:- <ul><li>HDFC </li></ul><ul><li>ICICI </li></ul><ul><li>CITY BANK </li></ul><ul><li>SBI </li></ul><ul><li>PNB </li></ul><ul><li>SYNDICATE BANK </li></ul>
  10. 10. <ul><li>SBI provides following types of Deposits:- </li></ul><ul><li>FNCR ACCOUNT </li></ul><ul><li>NRE ACCOUNT </li></ul><ul><li>RFA ACCOUNT </li></ul>
  11. 11. <ul><li>SBI provides following types of LOANS:- </li></ul><ul><li>HOME LOAN </li></ul><ul><li>LOAN AGAINST DEPOSITS </li></ul><ul><li>OVERDRAFT </li></ul>
  12. 12. <ul><li>HDFC provides following types of Deposits:- </li></ul><ul><li>SAVING ACCOUNT </li></ul><ul><ul><ul><ul><li>NRE SAVING ACCOUNT </li></ul></ul></ul></ul><ul><ul><ul><ul><li>NRO SAVING ACCOUNT </li></ul></ul></ul></ul><ul><li>FIXED ACCOUNT </li></ul><ul><ul><ul><ul><li>FCNR ACCOUNT </li></ul></ul></ul></ul><ul><ul><ul><ul><li>SUPER SAVERACCOUNT </li></ul></ul></ul></ul><ul><li>CURRENT ACCOUNT </li></ul>
  13. 13. <ul><li>HDFC provides following types of LOANS:- </li></ul><ul><li>HOME LOAN </li></ul><ul><li>OVERDRAFT </li></ul><ul><li>CAR LOAN </li></ul>
  14. 14. NRE Account - Banks Rates for All banks (Public, Private) Bank 1yr-2yrs 2yrs-3yrs 3yrs-5yrs 5yrs Allahabad Bank 5.30 5.06 5.01 5.00 Bank of Baroda 5.30 5.06 5.01 5.01 Bank of India 5.30 5.06 5.00 - Canara Bank 5.30 5.06 5.01 - Central Bank of India 5.72 5.52 5.46 - HDFC Bank 5.29 5.06 5.00 - ICICI Bank 5.30 5.06 5.01 - Punjab National Bank 5.30 5.06 5.01 - Standard Chartered Bank 4.30 4.06 4.01 4.01 State Bank of India (SBI) 5.30 5.06 5.01 5.01
  15. 15. <ul><li>INTEREST RATE PROVIDED BY PRIVATE BANK </li></ul><ul><li>ON EACH DEPOSIT ACCOUNT IS MORE THAN . . . PUBLIC BANK. </li></ul><ul><li>EVEN THE PRIVATE BANKS PROVIDE DIFFERENT . TYPES OF LOANS </li></ul><ul><li>FACILITIES PROVIDED BY PRIVATE BANKS WITH </li></ul><ul><ul><li>DEPOSIT ACCOUNT ARE MORE ATTRACTIVE </li></ul></ul>
  16. 16. <ul><li>INDIAN BANKS PROVIDE MANY FACILITIES TO NRI LIKE DIFFERENT DEPOSIT ACCOUNT ACCORDING TO THEIR NEEDS, LOANS ETC. </li></ul><ul><li>NOW NRI BANKING HAS BECOME SIMPLE BECAUSE OF ONLINE BANKING </li></ul>

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