The money of Indians has come down to a four-year low of 1.04 billion Swiss Francs (Rs 9,771 crore).
Swiss Bank is called the safe house of black money of Indians. There was a lot of uproar over the black money of Indians deposited in this bank. But now it seems as if Indians have become disillusioned with the Swiss National Bank (SNB). The bank has released some figures. According to the data, there has been a 70 per cent decline in the deposits of Indians in 2023. After this decline, the money of Indians has come down to a four-year low of 1.04 billion Swiss Francs (Rs 9,771 crore).
Now the question is, why have Indians started withdrawing their money from Swiss banks? Why did Indians lose interest in the place where they considered their money to be the safest? There are many reasons for the decline. These include a decrease in bond prices, and in funds kept through securities and various other financial instruments.
How much money Indians have in Swiss banks comes out from time to time. But the bank always remains silent on who owns this money. The bank does not disclose the names of the people or companies who have invested funds with them and why they have invested. Due to this, questions have always been raised on Swiss banks.
Just as Indians are withdrawing money from Swiss banks in large numbers, in the same way, Indians are planning to settle in Dubai in large numbers. Recently a report has come from the international firm Henley & Partners. This report mentions those millionaires who want to leave their country and make another country their new home. Indians are mentioned in it. According to this report, in 2024, the maximum number of 15,200 millionaires from China can leave their country.
The UK is at number two. 9,500 millionaires from the United Kingdom can migrate to other countries. India is at number three. According to the report, this year about 4,300 Indian millionaires can leave the country. But which country will they make their home?
According to the report, UAE and America are the two countries where most of the rich are settling. UAE can also be the first destination of 4,300 millionaires of India. Even in 2023, the maximum number of 4,700 rich people settled in UAE.
US has been the first choice of rich people for many years. But now UAE has challenged the supremacy of the superpower US. Now instead of YS, most people are planning to settle in UAE.
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 "DNA TV Show: Why are Indians withdrawing their money from Swiss banks?")
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