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In order to meet specific needs of NRIs and with a view to attract their savings and other remittances the government of India in 1970 introduced Non-Resident (External) Account Rules which are governed by the Exchange Control Regulations.
Banking Laws for NRIs allow for accounts with authorized dealers to be maintained in Indian Rupees and in foreign currency. NRI accounts are maintained by banks which hold authorized dealers' licenses from the Reserve Bank of India. Some cooperative and commercial banks have also been specifically permitted to maintain NRI accounts in rupees even though they are not authorized dealers.
The Foreign Exchange Management Act, 1999 enlists various deposit schemes available to NRIs. The types of deposit schemes include:For interest rates, FCNR and NRE should not exceed the LIBOR/SWAP rates. In the case of NRO accounts, rates are determined by the banks. The interest rates apply to a period of 1 to 3 years.
It has been a wonderful experience in owning a commercial space at Gera's latest offering in Goa GERA GRAND.
How has your experience been of owning a commercial space with Gera?
My experience has been excellent. I have purchased an office in Gera’s Imperium 2 and a s..
Having a commercial space in and around Panjim was our long desire and this could be possible with Gera’s.
Patto Plaza has ..
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days.
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