Hi, Any one using HSBC NRI services. Please provide the feedback about their NRE Account. Also howz their exchange rates for HKD.
Many Thanks
Hi, Any one using HSBC NRI services. Please provide the feedback about their NRE Account. Also howz their exchange rates for HKD.
Many Thanks
wats nri ?
Freeier : Non Resident Indian .. most banks have a special "NRI Desk" to handle requirements of Indians working overseas.
Just curious, why do Indians living overseas need a "special services" desk? Are there specific Tax / Regulatory needs or are the products India specific?
think they do.
ubs was docked off their private banking license because they apparently sold investment products to NRI and did not declare those on their list of clients.
the NRI are suppose to pay tax apparently ?
yes ? no ? that's what i heard.
??? where ? think you got mixed upubs was docked off their private banking license
Partly cultural, partly India specific products and investments (including bank deposits) into India..Are there specific Tax / Regulatory needs or are the products India specific?
Funnie - Citi used to be pretty standard, but haven't heard about them lately.
Last edited by back2HK; 05-06-2007 at 12:04 AM.
ok sorry i got mixed up.
it was UBS securities that got docked their deri license for 1 year. lots of reasons behind it but one part was the failure to furnish information on indian clients..
http://www.sebi.gov.in/cmorder/ubsorder.pdf