Appreciating the role of Non Resident Indians in the economic development of the country, the Government has progressively announced various schemes to facilitate investment by Indians based outside India. As regulations are changing almost everyday, one always has a doubt as to the authenticity of the information as well its applicability at the time of use. The information available in various places is generally found to be contradictory as it has not been updated.

Banknet India has released A Handbook for NRIs, (Non-Resident Indians), PIOs (Persons of Indian Origin) & OCBs (Overseas Corporate Bodies) in June 2003, NRI's Handbook for Banking & Investments in India.

This handbook edited by Senior Bankers, including those who have worked in the Reserve Bank of India & Treasury of Banks, provides updated & authentic information at one place. Further, the subscribers of the handbook will get free updates for 3 months. This will ensure that subscribers will not have to worry about the authenticity or applicability of the regulations. The Non Resident community (NRIs/PIOs/OCBs) will find this an invaluable reference tool and ready reckoner.

This Handbook is divided in 6 Chapters with 32 subsections & 2 annexures. It gives detailed information on the various types of NRI bank accounts and investment options; acquisition of immovable property and types of housing loans; tax concessions and facilities for Returning Indians. Under Arbitrage Opportunities, it also guides Non residents to earn 4.5% Return on USD Deposits, 5.7% Return on GBP Deposits, 4.6% Return on EURO Deposits and so on.

Right now there is an Introductory Special Price*: Rs 466(US$9.92).....You Save 20%, whereas the List Price is Rs 582(US$12.40). An e-book (Adobe Reader) format as a printable version is available in PDF Format. Further information about this book can be found at http://banknetindia.com/books/handbook.htm

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