NRI Real Estate and Property Investment in India
 |  WWW.NRIREALTYNEWS.COM
 
New Investment & Remittance Schemes Launched for NRIs in Gulf
Thursday, August 16, 2007

As per an agreement between Fidelity International and ICICI Bank, NRIs in the Gulf will have access to Fidelity’s complete range of offshore investment products and services through one of India’s leading banks.

US based Fidelity is an established name in international investment managing assets worth USD 280.7 billion. Fidelity offers investment products to individuals and institutional investors in major markets of the world, and has been functioning in the Middle East for the last 5 years. FIL has a team of 800 professionals covering 95% of the world’s stock markets and have an array of products to suit every requirement.

As India’s second largest bank holding assets worth USD 79 billion, ICICI Bank has been operating in the Gulf for the last 4 years and is registered with the DIFC.

The Centurion Bank of Punjab has also introduced a scheme for the NRI community in the Gulf, called the “SmartRemit – Gulf”. This remittance scheme will ensure speedy remittance of NRI funds through an agreement with the UAE Exchange and Alukkas Exchange.

The NRI remittance scheme would enable its customers to remit funds from any of the branches of these exchanges, with the transfer to the Indian NRE accounts taking just a day. The Centurion Bank of Punjab has plans to extend the service through other exchanges as well in Oman, Bahrain, Kuwait, Qatar and Saudi Arabia.

Related Readings

»Remittances from Indians abroad push India to the top
»CBOP tie-up with LKB targets NRIs from Kerala
»Trends in NRI Remittances
»Syndicate Bank-UAE Exchange Tie-up to Boost NRI Remittances
» YES Bank, Federal Bank introduce new schemes for NRIs
» RBI permits Overseas Remittance upto USD 100,000
NRI Banking and Insurance Schemes Launched Overseas

Add to your Social Bookmarks:
ADD TO DEL.ICIO.US ADD TO DIGG ADD TO FURL ADD TO NEWSVINE ADD TO NETSCAPE ADD TO REDDIT ADD TO STUMBLEUPON
ADD TO TECHNORATI FAVORITES ADD TO SQUIDOO ADD TO WINDOWS LIVE ADD TO YAHOO MYWEB ADD TO ASK ADD TO GOOGLE  

 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications