NEFT Full Form: National Electronic Fund Transfer

 The full form of NEFT is the National Electronic Fund Transfer. NEFT is an electronic payment system that allows one-to-one fund transfers across the country. Using this facility, any account holder can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country that participates in the NEFT scheme. You can also transfer funds via NEFT using digital modes of internet banking and mobile banking.

SBNRI Team

· 27,664 views

HDFC Full Form – Housing Development Finance Corporation

 The full form of HDFC is Housing Development Finance Corporation. HDFC is an Indian financial service company headquartered in Mumbai, India. It is a major housing financial institution, offering housing loans to individuals and corporates for the purchase and construction of residential houses. HDFC caters to its customers through a network of 396 outlets in approx 2,400 towns and cities spread across India. HDFC has offices in London, Singapore and Dubai and associates in Middle East countries to cater to NRI customers.

SBNRI Team

· 28,109 views

RTGS Full Form: Real-Time Gross Settlement

 The full form of RTGS is Real-Time Gross Settlement. It is a simple payment system that allows instant transfer of money in real-time and without delays. To put it simply, it is the continuous settlement of funds on an order by order basis. In other words, your request to transfer or settle funds takes place immediately, rather than being lined up for later clearance as in the case of other modes of fund transfer.

SBNRI Team

· 26,155 views

ICICI Full Form – Industrial Credit and Investment Corporation of India

 The full form of ICICI is Industrial Credit and Investment Corporation of India. Formed in 1955 as a joint-venture of the World Bank, the Government of India and representatives of Indian businesses, ICICI is the parent company of ICICI Bank. Primarily the company was established to provide medium-term and long-term project financing to Indian industries. After the liberalization of the financial market in India, ICICI transformed its business from a provider of only project finance to a diversified financial provider. After that, the bank was incorporated as the Industrial Credit and Investment Corporation of India Bank, later the name was changed to ICICI Bank.

SBNRI Team

· 26,480 views

New Rules For OCI Cardholders In 2022 – SBNRI

 On 4th March, the Union Ministry of Home Affairs notified new rules for Overseas Citizens of India (OCI) under Section 7B of the Citizenship Act 1955. The new rules supersede three previous notifications issued in April 2005, January 2007 and January 2009. While the new rules extend some benefits for OCIs cardholders, they impose restrictions on them from undertaking certain activities without prior permission. Here is everything you need to know about new rules for OCI cardholders.

Manoj Negi

· 62,127 views

Canara Bank NRI Home Loan: Current Rates & Benefits

 Canara Bank is one of the leading government-owned banks in India. Apart from India, the bank has overseas offices in London, New York, Hong Kong, Moscow, Shanghai, Tanzania and Dubai. The bank offers a wide array of banking and financial products to its customers in India and abroad. NRI home loan is exclusively designed for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) wishing to have their own home in India. Canara Bank NRI home loan provides customers with financial help to purchase or construct a home.

SBNRI Team

· 16,598 views

PNB Housing Loan for NRIs: Current Rates & Benefits

 PNB Housing has been catering to the financial needs of home buyers in India for over two decades. PNB housing loan for NRIs is offered to Non-Resident Indians (NRIs) and Persons of Indian Origin for the purchase, construction and renovation of residential property in India. NRI customers who want to buy a house in India can easily get a home loan with attractive interest rates and instant approval from PNB housing finance.

SBNRI Team

· 12,592 views

Bank of Baroda NRI Home Loan 2020-21: Interest & Benefits

 Bank of Baroda is the third largest state-owned bank in India with millions of customers and a global presence in 25 countries (including India). BOB offers a wide range of banking and financial services to its domestic as well as non-resident Indian (NRI) customers. NRI home loan is one of the key products offered by the bank to overseas Indians. Bank of Baroda NRI home loan is offered to help borrowers purchase a home in India while staying abroad.

SBNRI Team

· 12,828 views

UAE Visa for Indians: Types, Eligibility & Fees

 The United Arab Emirates, popularly known as UAE, is one of the most popular tourist destinations and a top country for doing business. UAE is economically focusing on tourism and business and is the most diversified economy of all the members of the Gulf Cooperation Council (GCC). Indians are the largest expatriate in UAE constituting roughly 33% of the country’s population. Indian citizens are required to avail a visa to visit the UAE. A UAE visa for Indians is a mandatory document to enter the country.

SBNRI Team

· 13,901 views
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