Tuesday, January 9, 2018

H-1B VISA May not be extended for those waiting for Green Card( permanent residency) in USA.

One of the big news I have heard this week was the changes in H-1B VISA by Trump administration which can affect as many as 500K Indians living in the USA and working in the technology sector. The H-1B VISA is the most popular way for Indian IT professional to travel the USA. In general, it is first issued for 3 years but can be extended for another 3 years. Which means an individual who goes to the USA on H-1B VISA can stay their as long as 6 years. After that, he has to come back India or go outside the USA for another 1 year before he can come back, but there is a twist.

Sunday, December 31, 2017

How to Check if Your Aadhaar is Linked with Bank Accounts Online - Status Checker Tool

Hello Guys, welcome to the last post of 2017 in NRISavingsFunda and what could be the better topic than "linking Aadhaar" to close out the year. In this article, I'll show you how to check the status of your Aadhaar and bank account linking status online. The whole 2017 can be dedicated to Aadhaar linkage.

Saturday, December 23, 2017

Aadhaar Linking Deadline is Now extended From 31st December to 31st March 2018 but Only for Those Who Don't have Aadhaar Number

Many of you might already know that Aadhaar linking deadline is extended from 31st December to 31st March, but you might not know that this extension is only for people who don't have Aadhaar card. This means, if you have Aadhaar then you must link your PAN card, Bank accounts, Insurance Policies, and Mobile phones with Aadhaar by 31st December, but if you don't have Aadhaar yet, you can apply for it until March 2018 so that you can link your Aaddhar with PAN, Bank accounts, and Insurance policies by 31st March 2018.

Friday, December 15, 2017

6 Reasons to invest in National Pension Scheme for Retirement Savings

Retirement Planning is very important in the age of nuclear families and western culture. There was time when Indians never bothered about Retirement Planning or Insurance because they trust that their children particularly Son will take care of them both financially and emotionally, but with nuclear families its not possible anymore. Many elders are living alone nowadays and hence Retirement planning is essential for a relaxing and rewarding retired life.

Saturday, December 2, 2017

Do NRIs need to link Insurance Policies (LIC) With Aadhaar Number

If you hold an insurance policy in India, get ready to link it with Aadhaar. After bank accounts, PAN card, and mobile phones, it's time for insurance policies to be updated with Aadhaar number. Many NRIs have bought Life and Health Insurance policies in India, mostly when they were residents, so, the big question is do NRIs need to link their insurance policies with Aadhaar card?

Saturday, November 11, 2017

Foreign Bank or Indian Banks? Which offers more interst on NRE Fixed deposts?

Recently one of my readers asked me that he wants to invest some money on NRE fixed deposits but confused on whether to go for foreign banks like Citibank, DBS, Standard Chartered, Deutsche Bank or Indian banks like ICICI, Kotak, HDFC, SBI, Axis Bank or Union Bank? I asked him, whether he has any existing NRE saving account, he says he doesn't have any existing NRE saving account? Then I ask him what is more important for you? the interest rate or convenience? and his answer was the interest rate.