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.

Tuesday, December 26, 2017

NRI should use Portfolio Investment Scheme (PIS) to buy shares

If you know, NRIs are allowed to invest in Stock Market in India i.e. they can purchase and sell shares in Stock Exchanges (Secondary Market) as well as they can buy stocks on Initial Public Offering (IPO), the Primary Market. Unfortunately, not many NRI knows about Portfolio Investment Scheme or PIS. It's a scheme of RBI under Schedule 3 of Foreign Exchange Management Act 2000 which allows NRIs to purchase and sell shares and convertible debentures of Indian companies on a recognized stock exchange routing such purchase/sale transaction through the account with the designated bank branch e.g. ICICI bank.

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.

Wednesday, December 13, 2017

Does Interest on NRE Fixed Deposit is Taxable?

In short, No, interest earned on NRE fixed deposit is tax-free in India. If you are an India working abroad and earning in foreign currency, you have a couple of more investment options available than to a resident customer. If you keep your money or some part of your money in India, NRE fixed deposit is the best option for you.

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?