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Hi Joe
Thanks for the below mail.
I wonder why it is taking the major Indian banks to start e-Banking. They must surely have a big number of NRI customers.
Waiting anxiously, Eustaquio
On Fri, 25 Jun 2004 23:10:42 +0100 (BST), JoeGoaUk <[EMAIL PROTECTED]> wrote:
Good News!!!
Income Tax exemptions on interest earn by NRIs on NRE/FCNR continue to be operative as the proposal to tax interest is now withdrawn. Thanks to Hon. Finance Minister, Shri Jaswant Singh.
Today's Exchange rates as follows (25.06.04)
� 83.66 $ 45.90 EUro 55.81
Popular Goan Banks Deposit rates: 3 year term. FCR Domestic NRE � $ Euro % % % % % Centurion 5.75 3.55 5.35 3.50 3.10
SBI 5.25 3.50 5.34 3.53 3.04
Corporation 5.50 3.50 5.33 3.35 3.09
ICICI 5.25 3.50 5.29 3.45 3.03
FCR=Foreign currency A/C (Repatriable). Can be taken back together with interest in foreign currency. NRE/FCR Interst earned is not taxable.
Domestic: All interest earned is taxable, under income tax law.
Did you know?? Internet banking in now possible with some of the Goan Banks? e.g. Centurion Bank is the first bank from Goa (or perhaps from India) to go on line, popularly known as 'Any Where Bank'. One can
http://www.centurionbank.com/
Thanks/joe
-- Opera - Simply the Best Internet Experience: http://www.opera.com
