As the world continues to shrink due to globalization and the ease of international travel and communication, Non-Resident Indians (NRIs) find themselves in a unique position. They have root… Read More
NRI Taxation in India
We all recognize that taxes collected from citizens form the bedrock of India’s economy. However, the Indian Income Tax Act of 1961 prescribes a distinct taxa… Read More
NPS Scheme for NRIs
The National Pension System (NPS) is a crucial investment avenue for securing one’s financial future, and it’s not just limited to Indian residents. Non-r… Read More
When I convert my ICICI Bank savings account into NRO (non-resident ordinary) and NRE (non-resident external) accounts, what will happen to my existing funds? Will that move into the NRE or… Read More
What is a Demat Account?
A Demat account (Dematerialized account) is similar to a savings account for your stock investments, which stores your shares, ETFs, mutual funds, etc.
Ever since t… Read More
Fixed deposits (FDs) are one of the most preferred investment options in India today. They are known for their safety, reliability and predictable returns. Fixed deposits offer a simple, has… Read More
Are you in search of a reliable banking partner that can help you unlock new financial opportunities? Look no further than the Union Bank of India. With its comprehensive range of services a… Read More
Types of Bank Accounts
Types of Bank Accounts: Whether you are a Student or an Howsewife, an entrepreneur or a business house, or Indian residing abroad, not having a bank account is incompr… Read More
NRI Investments in India
Investing in India as a Non-Resident Indian (NRI) offers a world of possibilities, yet it comes with complexities. NRIs are presented with diverse investment opp… Read More
Table of ContentsUnderstanding RBI and FEMA ComplianceKey Aspects of RBI and FEMA Compliance1. Foreign Investments2. External Commercial Borrowings (ECBs)3. Foreign Exchange Transactions4. C… Read More
Generally Non-Resident Indians (NRI) or Persons of Indian Origin (POI) have funds and other properties in India even when they are residing outside India. Revenue is also generated from inve… Read More
Fixed Deposits (FDs) have long been a favoured investment option for risk-averse investors in India.
Offering a secure and predictable return on investment, FDs are a cornerstone of financi… Read More
Can non-resident Indians (NRIs) transfer the proceeds of a property sale to their country of residence? In such a case, will banks collect tax at source even after all tax dues on s… Read More
To open an NRI (Non-Residential Indian) account in the UAE, you can follow these steps:
Choose a Bank: Research and select a bank in the UAE that offers NRI banking services. Look for a… Read More
Non-Resident Indians have various options at their disposal when it comes to choosing a bank account for depositing their savings. This article discusses the different types of NRI account… Read More
Non-Resident Indians (NRIs) constantly look for the right NRI savings account to deposit their savings and receive desired benefits. Banks in India usually offer three types of NRI accounts… Read More
My son has been a non-resident Indian (NRI) for about four years, and used to file his income tax returns (ITR) in India. However, currently he has almost no income in India except… Read More
In India, taxes are one of the main sources of Government revenue and constitute a significant portion of overall economic growth of the country. People who are Indian citizens by birth or h… Read More
We at Flats For Sale Near Me would be happy to help you with Top 10 Questions on How to Buy Lodha Projects in Mumbai? So, here are those questions and well as answers home buyers look for… Read More
Bank accounts are an essential part of managing your finances. With so many options available, choosing the right one can be challenging. In this blog post, we’ll guide you through the… Read More
The Indian real estate sector has experienced an expansion in the last ten years and NRIs (Non-Resident Indians) played a significant role in this boom.
Lately, NRIs have been preferring… Read More
Income Tax for NRI
Indian Income Tax system is designed in a way that it covers all including Non-Residential Indians (NRIs). NRIs have to file income tax as per Indian Income Tax Act, 1961… Read More
Federal Bank Limited dates back to the pre-independence era. The Bank was incorporated on April 23, 1931 as the Travancore Federal Bank Limited, Nedumpuram under the Travancore Companies Reg… Read More
Non-Resident Indians (NRIs). Sending money back home or making merchant payments will be hassle-free, as the ‘Made in India’ real-time payments solution the Unified Payments Inte… Read More
NRIs can now use UPI with their NRI Account and International Phone Number
The National Payments Corporation of India (NPCI) has taken an important step that enables Indians living abroad to… Read More
Now there is no need to carry dollars in America-Canada, every Indian will be able to pay through UPI, a facility started in many other countries as well In the case of online payments… Read More
Highlights
Increase in interest rates on FDs of less than Rs 2 crore in Bank of Baroda
Bank of Baroda’s new rates will be effective from November 14, 2022
Effect of increase in rep… Read More
In this post, find the full form of FD and how FD works. Learn about the benefits of FD as well as the many forms of FD.
Customers of banks and non-banking financial firms (NBFC) can inve… Read More
ICICI Bank NRE FD Rates: ICICI Bank is one of the top banks in India that offers a host of financial services to its Indian as well as Non-Resident Indian (NRI) customers. NRI Fixed Deposits… Read More
What Is A Fixed Deposit (FD)?
If you are afraid of taking risk during investment, fixed deposit is the best and safest option. The interest rate is accumulated on the deposited amount for a… Read More
Are Fixed Deposits a Good Option for Tax Savings?
Financial institutions provide fixed deposit accounts as a form of investment product. The investor would fix the lump sum in this kind for… Read More
Individual investors with a minimum investment of Rs. 25 lakh can purchase a piece of Grade-A commercial real estate. Yes, anyone may now purchase a piece of Grade-A commercial real estate i… Read More
It is no secret that NRIs earn attractive salaries and indulge in affluent lifestyles. Although NRIs reside and work overseas, their Indian citizenship remains intact. This implies that they… Read More
Everything To Know About Fixed Deposits
Everything To Know About Fixed Deposits Fixed deposits are the most popular investment instruments in India. For years, investing has been synonymous… Read More
Risk-averse investors have always relied on fixed deposits as a secure source for their investments. Offering higher interest rates than a normal savings account, FDs are more secure than in… Read More