A lot of money was sent to foreign banks during the Corona period, in one year the money of Indians in Swiss banks increased 1.5 times

Banks of Switzerland (Swiss BankThe wealth of Indian companies and individuals has increased by 50 percent during 2021 to a 14-year high of 3.83 billion Swiss francs or more than Rs 30,500 crore. It also includes money deposited in India with branches of Swiss banks and other financial institutions. of Switzerland Central bank ,SNBAccording to the annual data released by the Indian government, the wealth of Indians in Swiss banks has increased due to increase in stake and deposit of customers through related instruments including securities.

Earlier, by the end of the year 2020, Indian money in the banks of Switzerland was Rs 20,700 crore (2.55 billion Swiss franc). Moreover, deposits in savings or deposit accounts of Indian customers hit a seven-year high of around Rs 4,800 crore in 2021 after two years of decline.

According to the data, the total liability of Indian customers on Swiss banks by the end of 2021 is 383.19 crore Swiss francs. Of this, 60.20 crore Swiss francs are in the form of customer deposits, while 1225 million Swiss francs are held through other banks and 3 million Swiss francs are through trusts etc.

Swiss government does not consider the money of Indians deposited in Swiss banks as black money

These figures have been given by the banks of Switzerland to the SNB. These do not reflect the alleged black money of Indians in Swiss banks. These figures also do not include money that Indians, NRIs or others may have in Swiss banks in the name of entities of any third country. However, the Swiss government does not consider the money of Indians deposited in the banks of Switzerland as black money. Switzerland says it has always actively supported India in its fight against tax evasion.

India ranks 44th in the list of depositing money in Swiss Bank

According to the data, if we talk about foreign customers, the UK has 379 billion Swiss franc deposits in Swiss banks, which is the highest. After this, US customers have 168 billion Swiss francs in Swiss banks. Only the US and UK are included in the list of clients with deposits over 100 billion.

At the same time, the list of 10 top countries having money in Swiss banks includes West Indies, Germany, France, Singapore, Hong Kong, Bahamas, Netherlands, Cayman Islands and Cyprus. India’s place in this list is 44th before countries like Poland, South Korea, Sweden, Bangladesh and Pakistan.

The deposits of citizens of Pakistan also increased to 712 million Swiss francs in Swiss banks and the deposits of customers of Bangladesh increased to 872 million Swiss francs. Along with India, in neighboring countries like Bangladesh and Pakistan, the alleged black money in Swiss banks has always been in discussions. been in.