Indian Banks hiked FCNR deposit rates unprecedentedly

FCNR deposit rates: Banks in India have hiked FCNR interest rates significantly i.e. up to 4.52% p.a. after the Reserve Bank of India removed the cap on interest rates on foreign currency non-resident bank (FCNR(B)), and non-resident external (NRE) account deposits. As a result, FCNR deposits have become a very attractive investment option for NRIs vis-a-vis term deposits in other countries. NRIs can park their savings in these valued fixed deposits to earn attractive returns.

The 5 Best Indian Restaurants in Chicago

Indian Cuisine is one of the most interesting and flavor-rich in the world. The utilization of myriad spices and complex techniques from recipes handed down over the generations bring to life colorful and aromatic dishes. Little India in Chicago is full of Indian restaurants, clothing boutiques, and grocery stores. It is lively, colorful, and bustling. Little India is also home to the first Patel Brothers which is the largest Indian grocery chain in the U.S. Chicago also has the second-largest number of Indian Americans in any US urban area after New York City. In this article, we will be describing the 5 best Indian restaurants in Chicago.

Rules for NRI Investment in Real Estate in India

Real estate is one of the most popular NRI investments in India as it not only gives an attractive return on investment, but also makes them feel that they have tangible assets in their home country. NRIs can buy or own a property in India, but they should be aware of legal provisions in the Foreign Exchange Management Act (FEMA) for purchasing the immovable property in India. There are rules for NRI investment in real estate in India, including TDS on rental income, restrictions on purchase of agricultural land by NRI, home loans, etc.

Best Restaurants in Dubai Mall for Indians

The Dubai Mall is one of the largest malls in the world and has so many delightful and spectacular experiences to offer. The mall even has an aquarium, an underwater zoo and an olympic sized ice rink. It has many excellent Indian restaurants as well! Great Indian restaurants in addition to such a grand mall make an irresistible combination. Today we are writing about the exciting topic of the best restaurants in Dubai Mall for Indians.

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