Sidestep this by heading to an established local bank; India’s reserve bank allows such institutions to buy or sell foreign currencies legally. HDFC Bank, Axis Bank, ICICI and the State Bank of India all deal with a range of currencies and offer competitive rates. You can also withdraw ...
And here is a list of Private Banks in India:HDFC Bank,ICICI Bank,Axis Bank,Kotak Mahindra Bank,IndusInd Bank,IDBI Bank,Yes Bank,Federal Bank,IDFC First Bank,Jammu & Kashmir Bank,South Indian Bank,Karur Vysya Bank,RBL Bank,Karnataka Bank,Bandhan Bank,Tamilnad Mercantile Bank,City Union Ban...
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Example: So if you have a child aged 12 and you are planning to buy a Bond for 5 yr on this name, It will mature when child is 17 and hence will be taxed in your hand, better extend the Tenure by 1 yr and make it to 6 yr or 6.5 yr, so that The income arised from it is...
as an alternative to purchasing physical gold,Modi led Governmentsanctioned a Sovereign Gold Bond Scheme in November 2015. Under this scheme, investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the...