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FAQs on Overseas Direct Investment

No. Loan and guarantee could be extended to an overseas entity only if there is already an equity participation by the Indian party in such entity.
A person coming in to India from abroad can bring in with him Indian currency notes within the limits given below: a. upto Rs. 5,000 from any country other than Nepal or Bhutan, and b. any amount in denomination not exceeding Rs.100 from Nepal or Bhutan.
Board of Directors of banks have been empowered to authorise the Asset-Liability Management Committee to fix interest rates on deposits and advances.
Since the aggregator or facilitator has to make payment on the date of issue itself, in case payment is made by the client after date of issue of the security, the consideration amount payable by the client to the aggregator or facilitator would include accrued interest.

  • Yes, issuance of IIBs would be within the Govt market borrowing programme of about Rs. 579,000 crore for 2013-14.

The banks through which the deposit into this scheme was made will provide other customer services such as change of bank account details, cancellation of nominee etc.

  • Transferability is allowed to the nominee(s) only for individual investors on death of holder.

  • Transferability is not allowed for other investors

One can file appeal against the Award or the decision of the Ombudsman rejecting the complaint, within 30 days of the date of receipt of communication of Award or rejection of the complaint. The Appellate Authority may, if satisfied that the applicant had sufficient cause for not making an appeal within prescribed time, may allow a further period not exceeding 30 days.

Ans. The salient features of ‘Full-KYC’ PPIs are as follows:

  1. Reloadable in nature;

  2. The amount outstanding shall not exceed ₹2,00,000/- at any point of time;

  3. There are no limits prescribed for total credits or debits during a month; and

  4. They can be used for purchase of goods and services, cash withdrawal and funds transfer.

Response

Balance enquiry through ATMs should not be counted in the four withdrawals allowed free of charge at ATMs.

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Page Last Updated on: December 11, 2022

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