free hit counters
Banking News | NRIAccount.com


NRO & the curious case of Zardari
I don't know how the Swiss do it but somehow, every single time, they get away with everything but murder.

Indian Bank revises FCNR (B) interest rates
Indian Bank revises FCNR (B) interest rates

Contempt charges
JUST when it looked like the political skies were clearing, the NRO saga is back with a bang.

ICICI Bank hikes NRE deposit rate to 6.50%
ICICI Bank has increased its one-year NRE term deposit rate from 3.82 per cent to 6.50 per cent. Customers investing over Rs 15 lakh and up to Rs 50 lakh get another 0.50 per cent, the bank said. Those investing over Rs 50 lakh and up to Rs 1 crore get 8.25 per cent.

NRE deposits up after deregulation
Banks have witnessed a sharp growth in deposits from non-resident Indians (NRIs) in the past month, thanks to higher interest rates and a weak rupee.

Pakistan's Supreme Court issues contempt notice to Gilani
Islamabad, Jan 16 (IANS) The Supreme Court Monday issued contempt notice to Prime Minister Yousuf Raza Gilani in the National Reconciliation Order (NRO) case.

Lockheed Martin Honors Pioneers of Recently Declassified National Reconnaissance Satellites
SUNNYVALE, Calif., Jan. 25, 2012 /PRNewswire/ -- Pioneers of the highly successful Gambit and Hexagon legacy reconnaissance systems recently unveiled by the National Reconnaissance Office (NRO) were honored ...

Contempt and constraints
The Supreme Court of Pakistan has asked Prime Minister Yousuf Raza Gilani to appear before the National Reconciliation Ordinance (NRO) case tribunal in two weeks? time to face a contempt of court charge, which the PM plans to appeal.

NRO Case: SC says PM violated his oath, preferred party over state
KARACHI : The Supreme Court of Pakistan has said that Prime Minister Syed Yousuf Raza Gilani has proved that he is not an honest man by violating his oath in the National Reconciliation Ordinance (NRO) implementation case.

Pakistan apex court raps government over NRO case
Islamabad, Jan 10 (IANS) Pakistan's Supreme Court Tuesday expressed its displeasure with the government over not implementing its verdict on the National Reconciliation Ordinance (NRO) and referred the case to the chief justice, the Dawn reported.

How to top up your health insurance plan
You can go for top-up insurance plans with higher deductibles since they are cheaper. But make sure you have enough core cover

Should you invest in a gold hybrid fund?
Comparing returns may be tricky. Look at your risk appetite and overall portfolio allocation before choosing one

Will two scores help borrowers?
With Equifax and Cibil providing credit scores, it may be a win-win situation for both customers and lenders

Won an online lottery? Inform nodal agencies immediately
RBI has released a list of 34 nodal agencies across different states and Union territories where you can register complaints regarding fictitious offers, lottery winnings

One-Minute Guide To Understanding | Consolidated account statement (CAS)
I would ensure that you do not have to track the account statements of different MF schemes separately and thus would help you reduce your paperwork

Access Cibil credit score and report online
You can apply online but the email will reach you after two days. Also, security of data may be a concern

Did You Know | What is the difference between a car?s ex-showroom price and on-road price?
Usually private banks give loans up to 85% of the ex-showroom price, whereas government-owned banks offer up to 85% on the on-road price

Are market-linked small savings attractive?
PPF and SCSS are still good long-term instruments for retirement income. However, you could alter the investment amount each year depending on the prevailing interest rat

Expect more transparent pension policies
But owing to guarantees, the insurers may be reluctant to offer pure equity-linked plans and this may not suit young investors. The new rules cover ULPPs as well as traditional plans

Ask Mint Money | You can travel up to 180 days and enjoy multi-visit travel cover
All general insurers provide an annual multi-visit travel insurance cover

This Diwali, ensure your family?s safety
Three insurance policies you must have, how much cover you should take under each and how to buy them

What will you shop for this Diwali?
Deals available for online shoppers, those planning holidays, car and home buyers; read fine print before choosing

Ask Mint Money | Evaluate savings potential first, then decide on asset allocation
A simple way to provide for a long-term asset base is to determine the surplus funds you have every month

Are the discounts on cars worth the high interest rates?
The discounts came in early this year in May and June when usually the demand is low. But with festivities round the corner and sales plummeting to new lows, the discounts have now become more aggressive

Fund houses in a tizzy over transaction fee
Difficult to ascertain whether a person is a first-time investor or has invested in a mutual fund earlier

Did you know | You can buy back the house for which your parents took a reverse mortgage scheme
In a normal loan, you pay equated monthly instalments (EMIs) to the lender, in a reverse mortgage scheme, you pledge your property and the financial institution pays you an EMI against it

Are new fixed-floating products teaser loans?
No, they aren?t as the fixed rates they are offering are as high as floating rates, if not more. Lock yourself in with high rates only for a year or so

Products to look at after retirement
Apart from buying instruments that provide regular income, reinvest a part of your corpus for growth

Do pre-approved loans work for you?
This type of loan comes with many terms and conditions. Ensure you know them well before you go for one

For same cover, cost of insurance higher in Ulip than in term plan
In fact, Ulips? mortality cost is in sync or lower than that in term plans only when the sum assured is minimal