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Drop me an email at [email][email protected][/email] and I can provide you the details regarding HDFC Bank contact person. I recently tested the waters by investing in a reliance mutual fund online thru their site (trying to eliminate the 2.5% comm that HDFC Bank makes from me currently). The ...

VRG,
I opened the PIS account in Dec 2007. The PIS account can only be opened at their Tulsiani Chamber's, Nariman Point, Mumbai Branch.

You can invest directly in stocks by setting up a PIS account linked to your NRE account and an associated demat account with your bank or broker. I have an NRE account and PIS account with HDFC Bank and my demat account is with Angel Broking. The PIS account is a must for NRI's to report all stock ...

Yes, HDFC Bank sends statements via post. I have NRE and NRO a/c and I receive statements regularly from them

#30 Its highly unlikely a fresh MBA with prior IT experience will get you a SR Consultant position in a top tier MC firm. Most in my firm start as an Associate and are made to work extremely long hours for a year or two before moving to a Senior Associate/Engagement Manager role. And we were the ...

Attached are some more PMS offerings from Franklin Templeton India and Prudential ICICI (now ICICI Prudential) in conjunction with Deutsche Bank which was providing principal protection guarantee. I have a few more of these such as from Ask Raymond James, Reliance Capital etc that my relationship ...

#1 Kindly note that PMS in India does not fall under any SEBI regulation and performance disclosure is not mandatory. If you feel you are not comfortable investing via Motilal Oswal , why don't u contact ICICI Prudential, Reliance Capital, ASK Raymond James, Franklin Templeton etc as all of them ...

Won't be surprised if Citibank reports your NRO interest income to the IRS and sends you a 1099INT at the end of the year.

#35

VRG, kindly note that you are hit by TDS on NRO interest. So the 10% interest is actually 7% when you get it in your hand. I would not recommend converting funds from NRE to NRO just to get this high yield.

If one has NRE funds, I would recommend investing in either FMP's or balanced funds.

Good questions. I hope someone on this forum can answer them. If not I can ask my banker in India. Below are some more FMP's available for purchase along with their indicative yields as of today. [SIZE=1] 1 Lotus India FMP 13 Months - Series II 13 Months 10.75% (Inst) 10.50% (Retail) 2 Tata Fixed ...