As Swiss National Bank released data on Thursday on over 50 per cent increase in money deposited by Indians in Swiss banks in one year, interim Finance Minister Piyush Goyal has said that Rs 1.5 crore is legally allowed to be sent outside India and the jump in deposits is not unprecedented. He said that due to the agreement between India and Switzerland, Swiss banks will share all details of financial data of Indian nationals at the end of financial year.
As Swiss National Bank released data on Thursday on over 50 per cent increase in money deposited by Indians in Swiss banks in one year, interim Finance Minister Piyush Goyal has said that Rs 1.5 crore is legally allowed to be sent outside India and the jump in deposits is not unprecedented. He said that due to the agreement between India and Switzerland, Swiss banks will share all details of financial data of Indian nationals at the end of financial year.
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