Indian investments thread

[rahulm]

ICICI prolly have the best service for NRE and demat (ICICIDirect) accounts.Have been using them for 10 plus years. Tried many other banks. I have had excellent service from ICICI call centres - both for banking and for trading. I have had relationship managers that were very prompt and helpful. All this on the phone from overseas.This is very important for me, as I value low to no friction interfaces in life, I live a wold away from India. However, their fees and charges are prolly among the highest if not the highest.

Bascially, if you are the type who, sitting a world away places a premium on your time and values service then ICICI is prolly the go, however, if you are the personality type that thrives on high friction interfaces, thinks nothing of spending an hour or more at the vegetable market haggling over Rs.1 when buying "ek pau" (250 grams) of chillies and considers the Rs 1 reduction in lieu of your hours worth of time, a proud, crowning glory moment.life defining moment, plenty of other banks with lower costs

ICICI will give very competitive FOREXremmitance rates, if you call your relationship manager and ask him/her for it before commencing the transaction.

PS: I/any of my family dont work for ICICI.

PPS: I do own ICICI stock and am very pleased thus far.

[vera_k]

Thanks. ICICI's remittance service didn't look competitive, but will try asking in person.

As an observation, India has very favorable capital gains tax rates at the moment. Not as favorable as the CI obviously, but 10% is not bad at all.