![Is it Mandatory to Open NRI Accounts for Indians Living Abroad? [Answered]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5M2c2PV15zbUNuzMTb8bZQXvYeAr7JjD60G88lOZDatljK3zXbQFx7WPOzz-qIKi-IdXQD3QHo6eyn430dXiQeRy6l_3iQ4kPNnAtx5VyR9XK7LOlH1Q6xjXjeTfHey31zggP-kScMlg/w588-h331/Is+it+mandatory+to+open+NRI+accounts+for+Overseas+Indian.png)
If you have recently moved overseas from India and wondering should you open an NRI account or not then you should read this article. Do I receive questions like why should I open an NRI account? Is it mandatory for NRI to open …
![Can I Repatriate (Transfer) Money from NRO Account to Overseas? [Answered]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTH1kFN54DXWJblxtCOE9FdSD_11fp95jlbWhYZR-RY5mQIqLTpjZeg8fY5sieEZIn_JZ1JMb3kNDk2jM-223KD9n8SkqiabuvV-OB8IDP2-49ljdo0gnFCXc2NMJtSKN4Ax6LZyGd28M/s320/NRE+and+NRO+Saving+Account+for+NRI.jpg)
This is one of the most common questions from my NRI friends who are earning rental income or business income in India. Yes, you can repatriate money from an NRO account unless it doesn't exceed USD 1 million per calendar yea…
If you are an NRI (Non-Resident Indian) then you have access to a unique bank account called NRE (Non-Resident External) account which allows you to keep your money in Indian rupees. This account then further allows you one of …
TDS stands for Tax deducted at source, is income tax levied on interest earned by Fixed deposits. The rate on which TDS is applied varies, depending upon, whether the Fixed deposit is with a bank, a company or the post office.…
Yes, NRO account is taxable in India . Both interests earned on NRO saving account and NRO fixed deposit are taxable under income tax law of India at the rate of 30% plus applicable cess and surcharge, which comes around 30.9…
![Can You break FCNR Fixed Deposit before Maturity? [Answered]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFPB1al9aViEuOZUvJ4VMmAEs6umzNXqsDHo5jxhw8CgY07-neq0PXUjvd7qX_CdZKnNQCYM4JsrchK_wTcwh-MqhjOPm4ZOOtirOxDnprQeS__EQiwBc-E61vn23rs4QDcwU7aJiNq6E/s1600/FCNR+fixed+deposit+premature+withdrawl+penalty.jpg)
Due to high interest rate offered by Indian banks for NRI customer there is a lot of interest on FCNR and NRE Fixed deposits and I am receiving query like can I break my FCNR deposit before maturity almost everyday now. It depend…
One of the most common doubt among Non Resident Indians related to NRI accounts are, what will happen to their NRE, FCNR, and NRO account when they return back to India? Even though you are not coming back in near future its go…
Mandate Holder is a unique facility many private sector banks like ICICI and HDFC bank provides to NRI customers. According to this faculty, NRE/NRO account holder can appoint a resident Indian (a family member only) to manage …
This is one of the frequently asked questions from NRIs, main from those who have not yet opened any saving account in India. NRIs (Non-Resident Indians) can open different types of bank accounts in India e.g. NRE (Non Resident…
Non Resident Indians, who want to invest money in India, must first open a savings bank account. This will not only help you to easily remit money to India but also to transfer Indian rupees to your friends, relatives, and paren…