As regulations are changing almost everyday, one always has a doubt
as to the authenticity of the information as well its applicability
at the time of use. The information available in various places
regarding NRIs is generally found to be contradictory, as it has not
been updated.

In view of longstanding demand from non resident members, Banknet
India has launched "Investments & Deposits in India-A Handbook for
NRIs, PIOs & OCBs". This handbook edited by Senior Bankers, including
those who have worked in the Reserve Bank of India &; Treasury of
Banks, provides updated & authentic information at one place.
Further, the subscribers of the handbook will get free updates for 3
months. This will ensure that subscribers will not have to worry
about the authenticity or applicability of the regulations. The Non
Resident community (NRIs/PIOs/OCBs) will find this an invaluable
reference tool and ready reckoner.

This Handbook is divided in 6 Chapters has 32 subsections &; 2
annexures. Handbook provides various definitions, detailed note on
all the different types of accounts including rules regarding
repatriation; detailed account of all the Investment options
available to the NRIs both on repatriation and non repatriation
basis. Foreign direct investment both under the Automatic Route as
well as Foreign Technical collaborations, issue related to ADRs /
GDRs, Portfolio Investments, Acquisition of immovable property,
various type of loans, facilities for insurance, education, visa
rules, Tax concessions etc. Handbook also covers the facilities
available to returning Indians, Arbitrage opportunities, Internet
Banking &; about PIO Cards.

Under Arbitrage Opportunities, it also guides Non residents to earn
4.5% Return on USD Deposits, 5.7% Return on GBP Deposits, 4.6% Return
on EURO Deposits

For more details click at:
http://www.banknetindia.com/books/handbook.htm