NRI Deal News

NRI Home Loans in India to Become Expensive As RBI Hikes Repo Rate on Aug-01-2018

NriDealExpert | Updated: August 1, 2018 20:00 BST RBI hikes repo rate: NRI Home loans to get costlier; NRI Fixed Deposits (NRE FD) may see high returns On August 1, 2018, Reserve Bank of India (RBI), India’s central bank has increased the repo rate (the rate at which banks borrow from the RBI) by 0.25 per cent (25 basis points) for the second time consecutively. With this hike, the repo rate stands at 6.50%. Five of six members on the RBI’s rate panel voted to increase the repo rate to curb the increasing inflation based on rising crude oil prices,…  Continue Reading…

SBI Raises NRO and NRE Fixed Deposit (NRE FD) Interest Rates on Jul-30-2018

NriDealExpert | Updated: July 30, 2018 13:01 IST State Bank of India (SBI), India’s largest bank has increased its NRO and NRE Fixed Deposit (NRE FD) interest rates across tenures for NRIs. SBI has raised interest rates between 0.05% to 0.10% on NRO and NRE fixed deposits below Rs. 1 crores across tenures of 1 year to 10 years. SBI revises the fixed deposit interest rates almost after 2 months (last revision on May 28, 2018). This may trigger interest rate changes by other banks. SBI’s new NRE and NRO Fixed Deposit Interest Rates on deposits below Rs. 1 crore:…  Continue Reading…

NriDealExpert.Com: A Comprehensive Comparison Site For NRIs And PIOs on Sep-11-2014

FOR IMMEDIATE RELEASE   LONDON 11 September 2014. It just got easier for Non Resident Indians (NRIs) and People of Indian Origin (PIOs) to compare and find the best India linked services online. NriDealExpert.com, a first of its kind online service gives users a simple way to quickly compare NRI savings accounts, fixed deposits, home loans, money transfer services and India calling plans to find the best value for their money when availing these services.   Every NRI or PIO avail different products and services to maintain their linkage with India – right from maintaining a NRI Bank Account to…  Continue Reading…

A Complete Guide on Car Loans for NRIs on Nov-06-2012

Source – Rupee Times:   Indian citizens residing in foreign countries can now buy cars in India for their family, friends or for their personal use on visits to the country with the help of car loan schemes offered by banks especially for Non-resident Indians (NRI). Like home loan schemes for NRIs, the car loans products have also been specially designed keeping in mind the needs and requirements of the non residents. For those non residents who want to stay connected to their roots, NRI banking facilities are indeed proving to be a boon.   Car loan schemes for NRIs…  Continue Reading…

NRO, NRE or FCNR term deposit: Which one to pick on May-11-2012

Source – Times of India, May 11, 2012 | 8:28 PM IST   The rupee has been in slide mode for some time now and in order to arrest that fall, the Reserve Bank of India (RBI) has been taking several steps to attract dollars into the country. One slew of changes were introduced in December 2011 when the central bank deregulated interest rates on Non Resident Ordinary (NRO) savings accounts and Non Resident External (NRE) term deposits. As a next step, earlier this month, the RBI also freed up interest rates on the Foreign Currency Non Resident (FCNR) Account….  Continue Reading…