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Press ReleaseYearly Archives: 2023
In the dynamic landscape of modern banking, the integration of technology has sparked a revolution, redefining the way we manage our finances. At the forefront of this revolution is the Digital Savings Account, a testament to the innovation that has made banking more convenient, accessible, and tailored to the needs of the contemporary individual. The…
In a rapidly evolving world, the traditional landscape of banking has undergone a significant transformation. The digital age has ushered in a new era of convenience, making financial management more accessible and streamlined than ever before. One of the standout features in this paradigm shift is the rise of digital savings accounts, offering a plethora…
In the hustle and bustle of everyday life, unforeseen expenses can catch us off guard. Whether it’s a sudden medical emergency, unexpected car repairs, or an unplanned trip, having a financial safety net is crucial. That’s where an emergency fund comes into play, acting as a cushion to absorb the impact of unexpected financial shocks. …
FCNR accounts provide NRIs with a secure, risk-free investment choice, offering fixed interest rates and protection from forex fluctuations. With an FCNR account, you can enjoy tax exemptions in India, along with the convenience of free and full repatriation. With high return and flexible tenure options, FCNR deposits are a favourable option for NRIs to…
RBI’s FEMA regulations restrict NRIs from using traditional savings accounts and mandate the use of specialized NRE accounts to manage foreign income in India. Unlike regular savings accounts, the NRE account allows foreign currency deposits, full and free repatriation of funds, and is tax-free. With IndusInd Bank’s hassle-free, easy online savings account, NRIs can manage…
