Banking

Type of NRI Bank Accounts – NRE Part 2

Non-Resident External Account, Non-Resident External Rupee Account, NRE account for NRI, NRE Term Deposit Account, NRE-Term Deposit Accounts or scheme, NRE-Term Deposit scheme, Permissible Credits and Debits in NRE Account, Permissible Credits in NRE Account, Permissible Debits in NRE Account

This is Part 2 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRE Account for NRI. After NRO the foremost required account is NRE Account or Non-Resident External Account. This account will have all transactions where the earning source is outside India.Read More

Type of NRI Bank Accounts – NRO Part 1

by Madhupam Krishna

Non-Resident Ordinary Rupee Account, NRO account for NRI, NRO FD, NRO fixed Deposit, NRO-Term Deposit Account, NRO-Term Deposit Accounts or scheme, NRO-Term Deposit scheme, Permissible Credits and Debits in NRO Account, Permissible Credits in NRO Account, Permissible Debits in NRO Account, Remittances from NRO account, TDS on NRO Accounts

This is Part 1 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRO Account for NRI. This is the most basic account required by NRIs to manage their home affairs. Yes, the existing Indian savings & future earning should come to NRORead More

RBI 7.15% Floating Rate Savings Bonds 2020

by Madhupam Krishna

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Finally, the Government made amendments to Personal Finance Investors. They had closed RBI bonds on a Saturday, just giving half-day (Monday) to build panic among fixed-income investors. And almost a month after they have launched the improvised version – RBI 7.15% Floating Rate Savings Bonds 2020. These RBI Bonds start for subscription from July 01,Read More

Understanding Form 15G & 15H – To Avoid TDS

by Madhupam Krishna

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Form 15G or Form 15H are self-declaration forms that show that an individual’s total income is below taxable slab hence tax is not to be deducted. But who can submit these? Is there any rule governing the submission of Form 15H & Form 15G? Let’s check these today. You can also download Fillable Form 15GRead More

7 Best Investment Options for NRIs in 2020

by Madhupam Krishna

Best Investment Options for NRIs, Best Investment Options for NRIs in India, Bonds for NRI, Debt Funds for NRI, Equity Investments for NRI, FD for NRI, Fixed Deposit for NRI, NCD for NRI, NPS for NRI, PPF for NRI, Real Estate or Property for NRI, Updated FCNR FD Interest Rates for Various Banks, Updated NRE FD Interest Rates for Various Banks, Updated NRO FD Interest Rates for Various Banks

While there are many NRI Investment Options in India, one should check his requirement & risk appetite. Your home country may restrict, but in India barring few exceptions, NRIs are allowed to invest in many options. Here is the comprehensive List updated till April 2020. India has rapidly grown and provides the potential of sharingRead More

Changes in NRI Bank Accounts & Investments

by Madhupam Krishna

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It is a big confusion, on the changes in NRI bank accounts in Investments especially in Mutual Funds. Let us try to solve this by reasoning for the cases. It is sure that when a person is working outside India, he will undergo changes in status. These changes must be reflected in investments so thatRead More