India had slipped to 88th place with a 44 percent plunge in such funds during 2016, but the latest data from the Swiss National Bank (SNB) shows an increase of over 50 percent during 2017 to around Rs 7,000 crore.
India has moved up to 73rd place in terms of money parked by its citizens and companies with Swiss banks, while the United Kingdom remains on the top.
In terms of percentage increase, India's 50 percent rise was 23rd highest. The maximum increase of as much as 4,000 percent was seen by Solomon Islands, followed by over 2,200 percent for Faroe Islands and 1,200 percent for British Indian Ocean Territory.
WHAT MAKES SWISS BANK SO SPECIAL?
Surprisingly, opening a Swiss bank account is not that much different from opening a standard bank account. You have to fill out forms and provide documentation that proves who you are and what you do.
Swiss law requires that banks have high capital requirements and strong depositor protection, which practically ensures that any deposits will be safe from financial crisis and conflict.
Swiss Banks don't share customer information with the governments of any countries(unless been asked about with proof). As such, their is no tax info or account holder information with anyone, except the Swiss Banks.
no bro... India is Ranking number.1 in Swiss bank account than any other countries...
lets go to hack swiss bank 😂😂
@jatinkkalra i think INDIA have half of fund in swiss bank
During congress sarkar the government of BJP were telling to bring Swiss bank money back to India.. Now when they are ruling forget about bringing the old kala dhan.. they made more kala dhan and deposit it to swiss bank upto 50 % more and instead of rising economy of India they decreased the value of Rupees...
Nice topic @jatinkkalra ..
i dont know how onone has control on swiss bank
@jatinkkalra I think Indian government has great potential to do corruption.
Indian is at 1 number is black money.
India is developing day by day. But in some point still India is still backward.
Half the data is actually hidden, we know only half the truth that this people provide us with
how it is possible,it is really pathetic
@jatinkkalra thank you for this informative post my friend.
Aleast I am haapy to see that there are 72 more counteries that are worst than us. You shared a lot of good fact in this post, that i didn't know about.
Thanks.
whole worlds black money is at swiss bank then also no one can do about that
They have to share customer info if govt asking to them.