Indian Banks Knowledge Base
Does Indian banks buy back the gold coins sold by them? Hi, I am planning to buy some gold coin for investment purpose. To make sure of purity, I am planning to buy from Banks. As its investment purpose, I will be selling it after I gain handsomely / in emergency. So does anybody know - which Indian Banks buy back the gold coins sold by them?
Why are Indian Banks being less affected by the crisis? Bank around the world have been intervened by governments, why are Indian banks so financially healthy? Where can I find articles that address this issue? I would really appreciate if anyone can provide me with links to articles about this.
What is happening to indian PSU banks? The world recession is almost over,according to american economists and fed officials.The american banks are back in with a bang.But the Indian banks are still now procrastinatingg their meagre 17 percent increment decision.Are the bank unions fininshed? Or simply they want to milk employees for their won motive? What they are doing?
What is the credit ratings of banks(Indian banks) ? What is the credit ratings of banks(Indian banks) ? Who provide credit ratings to banks. Do the banks provide credit ratings to any customer or any company. Please let me know in detail about these credit ratings.
Which Indian banks are supported by PayPal? I have a paypal account . I would like to link my bank account with it. Can i get a list of Indian banks supported by paypal? I tried looking on the site but couldn't find it.
Have Indian banks appointed agents to sell recurring deposits? I recently met someone who claimed to be from a company that collects recurring deposits for Nationalised Indian banks.He said they will first open an account for me in a bank & keep a box in my shop. I am to deposit any amount daily in the box. at the end of the month they total the money in the box, put THEIR money in the RD account at the bank, show me the bank receipt & then take the money from my box. is this a scam or is this for real?
Indian banks and their interest percentage? My uncle has about a 10,000,000 rupees (1 crore) and he wants to put it in a bank, how much will he earn in interest money per month? Which indian bank gives the highest interest rate?
can anyone name indian multinational banks? not the foreign banks like HSBC, ABN AMRO, CITI BANK ETC. but indian banks who have gone abroad/inetrnational like HDFC,ICICI, SBI i am aware of these three but are there anymore? Thx.
How to change address in indian banks if you are living overseas? My mother and brother who used to live in Gujarat have moved to Chennai. Some of my mutual fund statements are still coming to the Gujarat address. I did the investments using HSBC India as the broker and spoke to HSBC India about changing my address from Gujarat to Chennai in its records. The bank states that they need Chennai address proof before they can do it and lease agreement will not work. I am living overseas so what address proof can I obtain?
What Are The Top 10 Banks of Indian Origin? My last question regarding the top 10 banks in India was misconstrued. I want to know what the top ten "Indian" (not foreign) banks are in India. Thus, not banks like HSBC and Citi, but banks like ICICI. Thanks
Are funds in Indian banks insured? Are funds in Indian banks Resident & Non-resident accounts insured? If yes, upto what amount? Where can I get more details on this fact.
How much Indian black money in Swiss Banks ? Bring back Swiss bank money? 1.Swiss black money can take India to the top 2.Swiss Bank has agreed to disclose the Indian Black Money 3.Supreme Court: Govt should target black money hoarders.. Black money in foreign banks amounts to plunder of nation: Supreme Court The Supreme Court today expressed displeasure over the government's reluctance in coming forward with full information on the black money stashed by Indians in foreign banks
What deposit amount is secured in Indian government undertaken banks? For upt o what amount In Indian government undertaken bank is secured for a depositor in the event of brankruptcy of that particular bank for eg. if a depositor having 10 lakhs in bank of baroda as FD and in few months the bank is brankrupt how much will the bank will return to the depositor? since this bank is govt. undertaken.
why indian banks are headache? I find Indian Banks are truly unresponsive and does not take any responsibility in resolving issues related to customers. Like CIBIL, ICICI, HDFC all go in same wavelength and does not care about customer complaints, nor they are any more interested in clearing pending issues once full balance amount is received from the customer. Its really horrible to manage with `indian `banks.
Why the Indian Government is not bringing back the more then 70,00,000 Crores INR black money in Swiss Banks? Reports says more then 70,00,000 Crores Indian Rupees in Swiss Bank . More then Half (50%) of the Total Worlds black money is from Indians in these Banks. Whose money is this? Still then why the politicians are not bringing the money back to India? Which party is responsible for This? What should the people of India do? Can this money be utilised for the benefit of Poor Public of India? What steps can be taken. Suggestions highly welcome
Why policy of Whistle Blowers is not success in Indian Banks? Central government announced policy of protection to whistle blowers to improve vigilance administration long back. It is remarkable to say here that whistle blowers are those working staff who secretly report to CVC about the corrupt practice such as bribe based lending or commission based contractual work or purchase of goods and services of his higher authority or his colleague. According to this policy Central Vigilance Commission (CVC) is authorized to receive written complaints for disclosure of any allegation of corruption, misuse of office, abuse of power and recommend appropriate action. Every Public Sector undertakings including banks also announcd similar policy advising staff not to be silent spectator of corrupt practice in the office or branch they work. Inspite of such policy announcement and subsequent reminding circulars for the same there is no actual response from staff working all over India. It is an open secret that cancer of corruption is all pervasive and widely rampant in all offices and branches.Still honest staff thinks it wise to be silent spectator of all unhealthy and unjustifiable actions of powerful persons inspite of the fact that bank management tried to convince whistleblowers by saying that staff can submit such complaints of allegation of corruption in writing in a sealed cover directly to CVC without any fear of repercussion. Rather bank management has announced incentive scheme for such whistle blower. Corruption as a matter of fact includes not only giving bribe or commission. Higher management or powerful bosses can indulge in various other types of corrupt practice which induce and inculcate unhealthy practices in offices and branches they control. Whimsical posting , whimsical promotions of yes-man and flatterers superseding so many talented workers and arbitrary transfer by higher authorities are carried out without any hindrances from any corner. Higher authorities can do so by using powers of discretion given to them in promotion policy by way of interview and in transfer policy by showing exigencies of bank’s work. ‘ Any officer who creates impediments in the path of corrupt bosses in earning bribe and commission or in getting golden gifts or in getting red carpet welcome in five star hotels from his yes men serving in branches and offices under him is very easily removed . Any worker specially an officer who is a considered would- be whistle blower, a prospective complainer of evil works of executives, he or she may be transferred to such a critical place that his or her family life and social life becomes hell. Bank management has power to make an officer as Branch Manager (apparently incentive but practically a punishment) and post him to such a remote place that he cannot visualize even peaceful living of his or her family. Such honest and talented officers are transferred from one corner to other extremely far located other corner even violating normal transfer policy. Such honest officers will not be sanctioned leave when they desire. Even slightest mistakes of such honest and prospective whistle blowers are viewed seriously by corrupt team of officers in controlling offices and they are rebuked , humiliated before a gathering and what not until they feel isolated, frustrated and attain a position of depression. On the contrary officers who are yes-man and flatterers of corrupt bosses, who earn bribe and share with bosses, who extend five star welcome to bosses, who on the excuse of inauguration or a function call the bosses and offer costly gifts are given choice posting , quickest promotion and given whatsoever they desire. Actions of almost all executives demonstrates that they like those officers who earn money and gifts through lending or purchase of goods and service and honestly share with bosses called as executives. Rather such corrupt team of executives award junior level corrupt officers not only by giving them cream posting and unusual and abnormal promotion but also praising them before the mass gathering. Obviously policy of incentives for whistle blowers introduced by corrupt team of executives sitting in top posts becomes a laughing stock for ground level honest officers.
What are level seven courses for which Indian banks provide loan.? Whether Advance diplomas can be qualified as level seven course for which loan can be availed from bank. My son has got offer letter from a college for a Post graduate programme which is named by the college as Advance diploma and the eligibility for admission is either Post secondary diploma with experience or the degree. So can any body tell me whether this programme can be considered as level seven programme which qualifies for a loan from indian banks.
What Are The Top 10 Banks of Indian Origin? My last question regarding the top 10 banks in India was misconstrued. I want to know what the top ten "Indian" (not foreign) banks are in India. Thus, not banks like HSBC and Citi, but banks like ICICI. Thanks
TAX DEDUCTION AT SOURCE FOR INDIAN BANKS? what is the maximum amount that one can have as a fixed deposit before the TDS is charged in Indian banks. and what is the maximum interest one can avail from bank with out TDS ( Tax Deduction at Source)
plz tell me about reverse mortgage in indian banks? Can the borrower get lumpsum amount ie. if the borrower want lumpsum amount of 3 lakh would he get it? or get only in monthly/quarterly/yearly ? and can he make repayment by monthly instalment immeadiate after sanctioned the loan .....Plz reply
How to change US Dollars in an Indian Bank? I have 5000 US Dollar and I am an NRI and now on holidays. If i would like to change this money from an Indian Bank, what are the formalities, what are they papers the Bank will ask for changing this money. If any one has changed money in Indian Banks, please let me know.
Why are Indian Banks being less affected by the crisis? Bank around the world have been intervened by governments, why are Indian banks so financially healthy? Where can I find articles that address this issue? I would really appreciate if anyone can provide me with links to articles about this.
How to change US Dollars in an Indian Bank? I have 5000 US Dollar and I am an NRI and now on holidays. If i would like to change this money from an Indian Bank, what are the formalities, what are they papers the Bank will ask for changing this money. If any one has changed money in Indian Banks, please let me know.
How to Transfer the money from liverpool @ united kingdom to indian bank? Dear Friends, I am Sundar. I have a problem. I have to transfer the money from Liverpool bank to here Indian Bank. The bank of liverpool asked SWIFT Code and IBAN No. When i asked the local bank of india they gave me the SWIFT Code only. They told me there is no IBAN No for their Bank. If i give the SWIFT Code only, Can they transfer the money to here. Please help me to solve this problem. Thanks Very Much. S.Sundar
Which Indian bank has the lowest TT selling rate? I want to know which Indian bank has the lowest TT(wire transfer/outward remittance) for Singapore Dollars? I want to send money to Singapore and looking for the bank which gives the lowest rate.
how collect money form indian banks ? i have cheque of $ 500 and i want collect money from indian banks ? is it necessary to have back account from which i collect money/ is SBI bank will give cheque's amount indian rupee ? please tell me what should i do for it ? i want answer from indian people ,,
TDS on interest earned on deposits in Indian banks? Hi, I understand that the RBI has raised the exemption limit for TDS provision on interest earned on fixed deposits in Indian banks from Rs. 5000 to Rs. 10000. If I understand it correctly, if the interest earned by me on deposits in a bank exceeds Rs. 10000; then tax will be deducted (unless I fill out the required form). My question: 1) Is my understanding correct? 2) Which form to fill out? 3) Does the interest just have to be on fixed deposits (or does interest earned on savings account also count towards the limit of Rs.10000) e.g: If I earn Rs.8000 on interest on FD's and Rs.3000 on interest in my savings account (total interest = Rs.11000), does TDS apply? Thanks
Indian Banks PO exam notifications? Hello Everybody, can anyone please suggest me where can i find Bank PO exams notification dates in india....Indian banks - bank wise ...any other information would be great.
When would the banks start lending to corporates in India again? Although all of the Indian banks are sitting on enough liquid cash, they are still not lending. If they do lend, interest rates are as high as 14-27% ! How much time would it take for it to get comfortable or at least better for the Indian corporates?? Thanks in advance!
I am NRI and having NRO term deposits in Indian banks. Can I submit 15Gform to avoid TDS.? I am NRI and having NRO term deposits in Indian banks. Can I submit 15Gform to avoid TDS. If yes how can I fill 15G form, can you please sent me a sample filled form. Or if TDS is deducted how I cas file return. what are the requirement. What should the bank will issue me to file return. I have never file any return in in the past neither submitted 15G form. Thank you.
If Indian banks go bankrupt, am I insured? 1. If Indian banks ( both nationalised state banks and private Citibank,ICICI) go bankrupt, how much amount will I be insured for as per RBI ? Are term deposits insured too? ( upto wht amount)? 2. Since this is India, does RBI have any laws for limiting time period to recover the money ?
indian nationalised banks in karnataka mis-used the state funds(crores) at their whims & fancies.recovery pl? indian nationalized banks in karnataka mis-used the state funds in terms of crores of rupees. the bankers paid the state pension amount to selected category pensioners more than the pension rate. this mad finance payment is still going on. expenditure is to state govt.still bankers are not caring about their andha-dundha (blind-expenditure) payments.bankers are not paying at thier cost. but at the cost of karnataka state . can any body curtail this bad payments and recover it from the bankers.? it is public money. bankers are playing with public money. no value for accountant general report. still bankers are drawing pension for deceased persons/double payments/un concerned persons etc., at govt,cost. it is in terms of crores. can any body prevent it?
Is there a method to transfer money to paypal account through an account from an Indian bank? I want to purchase an item online which asks for a paymet mode through Paypal. I have an online account with SBI (State bank of India), a popular banking chain across India. Can I transfer the equivalent sum from this account to paypal and then make the required payment online? If not, what is the best course of action for such a situation? A practical solution would be highly appreciated. Thanks in advance!
which one is a better career? Multi- national pharmaceutical company or leading indian bank,? I am right now in pharma sales. have lot of flexibility in work times. I can take rest and work. But completing monthly targets involves putting money from our pocket. Leading Indian bank offering almost double the salary. There work is from 9AM to 9PM. No flexibility in timings. Need to work everyday and round the clock. Please suggest me shall I jump to Bank or continue pharma sales?
Can i refinance my indian education loan in the US? when i came to the US for a masters degree, i obtained a student loan from an Indian bank. this was a loan secured against my family property. i havent started paying it off yet. i want to know if there is a way i can obtain a loan in the US that pays off the loan in India and frees my assets?
Zero Balance Saving and Current Accounts (Indian Banks)? There are few banks in India offering a Zero balance accounts in there banks for saving accounts and now I also heard that ICICI bank is offering a FREE ZERO BALANCE CURRENT ROAMING ACCOUNT as i am not sure what is this and how to go for it and to whome should I contact it as if directly asked in Bank they refuse if there is any Zero Balance facility but there are few Agents whome Banks like ICICI, UTI, CITIBANK has given power to activate zero balance account for there slot of accounts can someone guide me or point me to those who can offer Zero balance Account for Saving and/or Current account Directly with out geting in touch with any bank ????? (MY LOCATION IS MUMBAI) looking forward for lods of answerzzzz :-) Thank in Advance
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