Banker Outlook

Introduction India's growing economy and the ever-increasing number of non-resident Indians (NRIs) working and living abroad has led to a significant rise in the demand for specialized banking services catering to their needs. NRI banking in India is tailored to meet the financial requirements of NRIs by offering a wide range of services, from remittances and investment options to loans and deposit schemes. In this blog, we will discuss the various aspects of NRI banking in India and how it benefits the NRI community. Types of NRI Accounts Non-Resident External (NRE) Account: An NRE account allows NRIs to hold and manage their income earned outside India in Indian Rupees. The account can be opened as a savings, current, or fixed deposit account, and the funds can be easily repatriated. Additionally, the interest earned on NRE accounts is tax-free in India. Non-Resident Ordinary (NRO) Account: An NRO account is designed for NRIs to manage their income earned in India, such as rent,

Introduction: The world of social media has transformed the way we communicate, connect, and share our lives. However, it has also opened the door to potential risks, especially when it comes to online banking. With cybercrime on the rise, it's essential to be proactive and protect your financial information while using social media platforms. In this blog, we will discuss the do's and don'ts of using social media with respect to banking and personal finance. Do's: Be cautious with friend requests and connections:  Connecting with the right people on social media is important for both personal and professional reasons. However, be cautious about accepting friend requests from strangers or unfamiliar accounts, as they may be scammers or hackers looking to gain access to your personal or financial information. Use privacy settings wisely:  Ensure that your privacy settings are configured to protect your personal information. Limit the visibility of your posts and personal

What and why of Cyber Security Cybersecurity refers to the body of technologies, processes, and practices designed to protect networks, devices, programs, and data from attack, damage, or unauthorised access. Cybersecurity may also be referred to as information technology security. Criminals and criminal organisations around the world already have worked out, there is money to be made in cybercrime and that policing it, given the international nature of the crimes, is very difficult. Cybercrime has moved from the “conventional hacker” just being a nuisance with new viruses, etc., to criminals now harnessing that capacity to steal and extort. Cyber attacks primarily fall into two specific categories: breaches in data security and sabotage. Personal data, trade secrets and information linking to bids, mergers and prices are targets for a data security breach. Sabotage can take the form of denial of service attacks, which flood web services with false messages, as well