Financial Planning

Type of NRI Bank Accounts – RFC Part 4

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A resident or resident, not ordinary resident (RNOR) may require, y keep foreign currency accounts as they may have still business unfinished after their return to India. These can be done using RFC Account for NRI. Here are the details. This is Part 4 of series of 4 updated articles to update you on theRead More

Type of NRI Bank Accounts – NRE Part 2

by Madhupam Krishna

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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

Understanding WILL – Common FAQs

by Madhupam Krishna

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This is part 2 of the article on Understanding WILL. In the previous article, we discussed the legal terms & their meaning. In this article let’s take the discussion further. We will answer the common question arising before & during the will-making process. Here are the FAQs on Understanding Will Making Process Who can writeRead More

Understanding WILL – Know the Legal Terms

by Madhupam Krishna

do i need will, how to write a will, legal will, who can make a will, Why to make will, will, will examples, will format, will making, Will Myths & Facts, will or nomination, will template, will vs nomination, will writing

WILL is the ultimate document that decides on the disposition of one’s assets after his or her demise. Disposition means to transfer, distribute or sell. Will can be made online & offline. But before you proceed, you should know the legal terms in will making process. Understanding Will making process helps you to redistribute yourRead More

Life Insurance for NRI & FAQs on Insurance

by Madhupam Krishna

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There are many questions on Life Insurance for NRI. I have tried to answer them in this post. NRI Life Insurance is a risk transfer strategy and is a must for any “life” which has economic value. But residency issues make it tough to act & decide. Here are relevant facts on Life Insurance forRead More