- An Indian citizen can never deposit money directly to any Swiss Bank.
- International money exchange giants like VISA / Master Card are working in India, with the rules followed by Reserve Bank of India, so there is a track for all money transfers/exchanges.
- All the money transfers from an Indian Bank to any abroad bank will be tracked.
- Foreign money earned by an Indian citizen, will never affect Indian economy but when it comes to India as Indian Rupees will reflect in our economy.
- Indian Citizen's Foreign Money is not Indian Money, Because
- One's wage, Salary or Consideration is the payment of the work done by them in that country. While transferring to India Tax will be levied.
- Gifts given by Foreigners. It is not Tax free & not able to carry forward to Rs/- without tax, no need to worry by Govt.
- Charity Funds. Not authorize to own by individual, it is owned by a trust. Trustee needs to show consecutive Funds & Expense report to its beneficiaries. Amount is not Taxable but authorities have track on it.
- India Govt. is not maintaining any Swiss bank account illegally.
- Crores of dollars are earned by political parties / politicians as commission from global deals like defense deal Eg. Bo-force.
- Politician like Sukram, Rao may have their accounts in Swiss Bank & they can never bring back to India through legally.
- Big business men & companies dealing foreign business need a transparent way to encash their foreign wealth. Or they need to White their Black.
- At the present economic scenario Swiss Bankers are not able to give good financial benefits to their customers, so customers are planning to bring back the money and invest in their country.
- It is not out sweat & blood, It is not a service to our Home Land.
- Only motive behind this is, don't want lose money earned by corruption and to save business communities.
- This operation is already trialed in the country.
Swiss bank money is not poor Indians money, Govt. is not going to recover it, and they are just giving a way to flow these funds to India. Indian Govt. cant’ capture others deposits in foreign banks. Countries like Switzerland; Germany Britain are very much strong in their constitution. Govt. or their industrialists won’t cheat their customers, as like what is going on in third world countries. Funds will flow to india, by paying a nominal amount of TAX. Politicians are happy to get back their whole life saving without dirty in hand. Industrialists and business men are happy to get an easy way to raise their funds. We, Ordinary peoples are happy to read in news papers ‘India is Progressing‘.


