India Swiss Bank Accounts

Indian money parked in Swiss banks tripled in 2024 to CHF 3.5 billion, mainly via financial institutions; however, customer deposits rose modestly even as India climbed to 48th in global rankings

Full details of the entire flow of funds to and from all the accounts that were active even for a single day in the year 2018 will be provided

India had slipped to 88th place with a 44 per cent plunge in such funds during 2016

The tax office is stepping on the pedal, after a lull of two years, to chase down those named in the list of secret Swiss accounts with HSBC Geneva