Since interest rates are higher for NRE deposits as compared to FCNR deposits, why would an NRI want to maintain his savings in an FCNR account instead of an NRE account? A local bank is running the following advertisement in the newspaper: "For just $1000 we ...
Therefore, the NRI investors directly receive dividends from the fund manager if he chooses this option. Subsequently, the financial institution sends it to the uniholders within 30 days of the declaration of the dividend. If the institution fails to do so within a stipulated time, it ...