Switzerland
India has recently signed bank information sharing deal with Switzerland for the implementation of Automatic Exchange of Information (AEOI) between the two countries. With this joint declaration, India will automatically receive all financial information about its residents, including bank accounts and balances, dividends and interest income and sales proceeds used to calculate capital gains tax, from September 2019. The AEOI seeks to bring the era of banking secrecy to an end; eventually all financial information will be shared between governments. Switzerland is a signatory to the AEOI agreement under the aegis of the Organisation for Economic Co-operation and Development.