Own report: Indians have deposited crores of rupees in Swiss banks through various domestic companies and other financial institutions. In 13 years, the amount of Indian money in Swiss banks has increased at a record rate.

It is learned that the amount of cash of Indians in Swiss Bank has increased by more than 20,600 rupees in 2020. However, there has been an increase in money in the security and certain sectors. At the end of 2016, the total funds of Indian clients in Swiss Bank increased by about 6,625 crores. Over the next two years, that growth slowed down considerably. Then a record increase in 2020.

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A lot of money has been deposited there for various trusts, bonds, security money. According to the data of ‘customer account deposits’, the amount of cash savings has decreased. More money has come to Swiss bank from Indians than from other countries.

Although it is not possible to calculate the information and statistics about the black money in the Swiss bank sitting in this country. The amount of money deposited by NRIs or others in Swiss banks is not considered as property of this country. Since the Swiss bank is ‘fully responsible’ to Indian customers, account information and deposits are never disclosed.