Fixed Deposit Savings Accounts?

Hello,

I am looking to put in 100lakh rupees into a FD account in India so that my parents can get money for their monthly expenses. Please can you advise on a bank that gives high interest rate for NRI%26#039;s or resident Indians? Also, I am looking for an account where the interest is exempted from tax. Please can you help.

Thanks

Fixed Deposit Savings Accounts?consolidation loans

SBI is operating all over the world... contact them... 10,000,000... or 1,00,00,000...

this is how we write 100 lakh... are you asking for this figure in $ or Indian rupees...???

looks too big an amount...

edited...

good gesture...

your parents are luckey to have so very good offspring...

keep it up...

go ahead... all the very best...

Fixed Deposit Savings Accounts?

loan

put in nationalised bank ,not chitfunds,, senior citizen get 1% more interest., put in different periods of maturity.|||Split and put in 2 or 3 banks.

You can select ICICI Bank or some other banks like SBI, SBT, etc. They all have special schemes for NRIs

icicibank.com