Home | About Us | Recruitment | FAQs | Feedback | Inquiry | Sitemap | Contact Us
Toll Free Number: 1800 425 1515   
WCAG 2.0 compliant website  
+ हिंदी తెలుగు
 
Search
Deposits Remittances Loans Investments
home Home »  NRI Banking » Investments
Font:- [+] [-]  
Investments
Img
 
Img Government dated securities/treasury bills


Units of domestic mutual funds.

Bonds issued by a public sector undertaking (PSU) in India.
Non-convertible debentures of a company incorporated in India.

Shares in Public Sector Enterprises being dis-invested by the Government of India, provided the purchase is in accordance with the terms and conditions stipulated in the notice inviting bids.
Shares and convertible debentures of Indian companies under FDI scheme (including automatic route & FIPB).

Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme.

Perpetual debt instruments and debt capital instruments issued by banks in India.

 
bullet Other Investments on non-repatriation basis


Government dated securities (other than bearer securities)/treasury bills.
Units of domestic mutual funds.

Units of Money Market Mutual Funds in India.
Non-convertible debentures of a company incorporated in India.

The capital of a firm or proprietary concern in India, not engaged in any agricultural or plantation activity or real estate business.

Deposits with a company registered under the Companies Act, 1956 including NBFC registered with RBI, or a body corporate created under an Act of Parliament or State Legislature, a proprietorship concern or a firm out of rupee funds which do not represent inward remittances or transfer from NRE/FCNR(B) Accounts into the NRO Account.

Commercial Paper issued by an Indian company.
Shares and convertible debentures of Indian companies other than under Portfolio Investment Scheme.

 
bullet Investment in immovable Property


May acquire immovable property in India other than agricultural land/ plantation property or a farm house out of repatriable and non-repatriable funds.

In respect of such investments NRIs are eligible to repatriate
Sale proceeds of immovable property acquired in India to the extent of repatriable funds used for acquiring the property, up to two residential properties. The balance will be repatriable through NRO Account subject to conditions mentioned at item (I) (d).

Refund of (a) application / earnest money / purchase consideration made by house-building agencies/seller on account of non-allotment of flats / plots and (b) cancellation of booking/deals for purchase of residential/commercial properties, together with interest, net of taxes, provided original payment is made out of NRE/FCNR(B) account/inward remittances.

Housing Loan in rupees availed of by NRIs from ADs / Housing Financial Institutions can be repaid by the close relatives in India of the borrower

 
 
Img Customer Corner Img
Img Upset / Complaint / Grievance Img
  Online Services
Img PrePaid Card - Customer self care portalImg
Img Internet Banking
Img Online Tax PaymentImg
Img Andhra Bank Credit Card Bill payment through Bill DeskImg
Img Tax payment thru ATMImg
Img AB BillPay Img
Img AB Online Shoppe Img
Img Mobile Banking mPAY
Img Immediate Payment ServiceImg
Img AADHAAR SEEDING Img
Img SMS Banking
Img Online - Trading
Img AB Lock Box Facility
Img IndiaFirst Online Services
Img e-rail Ticketing
Img Tele - Banking
Img Religious Offering
Img Verified by Visa / 3d Secure Code
   Security alerts & Tips
   Anti Phishing
Please do not disclose your
NetBanking Login and Img
Password to anyone. More..

News & Events

Waiver of processing charges in Housing Loans, Car Loans, Two wheeler loans, Consumer durables, Clean Loans for the festive season from 25.09.2014 to 31.12.2014

The existing customer grievance redressal mechanism would also cover the complaints relating to outsourcing

Use your Visa Debit Card for shopping in POS/Online within 3 months of card issuance & get 5% Cash back. Offer applicable to cards issued after December 2013,T&C Apply

AS A PART OF RISK MITIGATION MEASURE, DEBIT CARDS ISSUED AFTER 30-11-2013 ARE ENABLED FOR DOMESTIC TXNS ONLY. FOR FURTHER DETAILS PLEASE CONTACT OUR BRANCH.

You can now donate to Shri Saibaba Sansthan Trust, Shirdi through IMPS-Mobile Banking.

Presentation to Analysts

Our Total Income during 12M of FY’12-13 increased to Rs. 13,957 Crore, recording a growth of 14.4%.

Form 15G/15H has to be submitted afresh at the beginning of each financial year to avail exemption/concession in TDS. Quoting of PAN is mandatory for availing such exemptions/concessions.

All our Banks’ cheques are “payable at par henceforth. We request all our customers to surrender their old cheque books at their account branch and obtain CTS 2010 Standard Cheque books immediately.

We request all our customers who have issued postdated cheques for repayment of loan installments for loans availed by them to replace the old PDCs with new CTS 2010 Standard cheques.

Online Grievance Redressal System with Tracking

Online Applications for MSME and Retail Loans

Online Donations to charitable institutions through net banking

Online resetting of Internet Banking Login Password

Interbank transfer of Funds through Mobile Banking using IFSC code

As per RBI mandate, cash retraction facility is discontinued from our ATMs. Do not forget to collect cash before leaving ATM room.

Any customer could walk in to deposit money in any branch of the bank if the account is in any other branch of the bank to which he wants to deposit the money and there will be no charges on this for any amount

Fictitious Offers of Cheap funds from abroad - Awareness Campaign - List of Nodal Agency (Cyber Crime Cell / Economic Offence Wing)

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

PPF and SCSS schemes

Do Not fall Prey to Fictitious Offers of Funds Transfer

Bulletin
  Awards & Rewards | Basel II Disclosures | Bulletin | DNCR | |Miscellaneous  | Holidays List | Photo Gallery | Press Release | Webcast Disclaimer
null 2010, Andhra Bank. All Rights Reserved.  
wcag