The investment scene in India has changed rapidly in the last couple of years. And as an NRI, you have a greater need to stay updated on the policy changes as also on the new product offerings.

Welcome to Connect, an online newsletter from your bank designed exclusively for international customers like you. Through Connect we propose to not only keep you updated on changes impacting your investments in India, but also help you plan your future investments better.

In the first issue of Connect, learn more about recent RBI guidelines on non-repatriable accounts. Sending money to India is now easier with the two new remittance options we have introduced. And if you are residing in the Gulf, we are soon moving closer to you. Read on to know more…

We have had a great year with an increase in total income by 40.9% and net revenues by 39.2% in 2001-02. You have contributed to make this possible.

If you have any suggestions on how we could make this newsletter more useful for you, we would be delighted to hear from you.


Regards,
Uma Krishnan
Country Head-NRI Services

Email: nri@hdfcbank.com

Also covered in this newsletter...
Cheque route to India made easy!
Simplifying Indian law for you
World class tax solutions
Hassle free share trading


What's New For You
In its recently issued guidelines, RBI has announced that from effect
April 1, 2002 the NRSR Savings, Current Account, Fixed Deposits and the NRNR Fixed Deposit accounts have to be discontinued. For details visit www.hdfcbank.com or write-in to nri@hdfcbank.com or contact your nearest HDFC Bank branch.

NRI's residing in the Gulf can ensure their money reaches India in just 3 working days. Just visit any of the designated exchange houses and submit your remittance amount (foreign currency) along with recipient details. More…

HDFC Bank will soon be the first India private bank to launch a Representative Office in Dubai. All our customers in the Gulf can look forward to greater banking convenience with our presence in Dubai.
For the first time in India, OneView brings together your online bank accounts (including those of your family members), in one place, in total security. If you have one or more accounts with HDFC Bank, Citibank and/or ICICI Bank, then OneView is just right for you. More…


Our Cheque Box facility makes it easier for you to send money to India from USA and Europe.
From these locations, you can use a local clearing cheque to remit money to India. Just send the cheque along with a special deposit slip to a designated local address and we will credit the beneficiary account in India. Wouldn't you agree this is a faster and hassle free method to send funds home?
Visit www.hdfcbank.com/nri/chequebox.htm to know more about this service and to download the special deposit slip.

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You can now access expert legal advice online from anywhere, anytime at a discount. We have tied up with www.legalpundits.com, a comprehensive legal portal. The site covers a comprehensive spectrum of legal resources including Property Law, Company Law, Taxation, Immigration and Foreign Exchange.
As our valued customer, you can avail the content and services of www.legalpundits.com at a 25% discount. *
 
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Our tie-up with Deloitte Haskins & Sells (a member firm of Deloitte and Touche), one of the top 5 accounting firms in the world benefits you with easy access to expert advice. You can seek advice on all legal maters related to Indian Income Tax, Wealth Tax and FEMA like NRI investment, foreign collaboration etc., for a nominal fee.
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With our PIS service, you can trade in the Indian share market from just about anywhere in the world, and leave the regulatory paper work to us. Your PIS-related matters and taxation issues are dealt through HDFC Bank's alliance with Deloitte Haskins & Sells.
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*Offer open only till Dec 31st 2002
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