As the financial year proceeds to end, many of my colleagues and friends started thinking about tax saving though I have always suggested them to do it in a planned way from the start of the year it never happened. Since we all k…
Difference between NRE and NRO fixed deposit NRI has two options to invest in Fixed deposit in India NRE fixed deposit and NRO fixed deposit , but you need to be careful whether you choose NRE or NRO fixed deposit as taxat…
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.…
One of the common questions amount NRI investor putting their money on NRE fixed deposit is whether they can close the NRE fixed deposit before maturity or not? and if breaking the NRE FD is allowed then what is the penalty? Thi…
As the name suggests, Resident Fixed deposits are for Residents of India and NRI fixed deposits are for Non-resident Indians but remember both are for Indian Citizens. Indian banks, both private banks e.g. ICICI, HDFC, Kot…
In this article, we will understand the difference between two of the best investment option of conservative investors, PPF or Public Provident Fund and Fixed Deposit, known as FD . Both PPF and FD provides the capital guarante…
Should you Invest in FCNR fixed or term deposit? FCNR (Foreign Currency Non Resident) deposit is another way NRI can invest money in fixed deposit, this is the third option for Indians staying abroad along with more popular NRE…
Why Invest in NRE Fixed Deposit in India? NRE Fixed Deposit is very hot at this moment with soaring interest rate and very lucrative Exchange rates from USD to INR, SGD to INR and from other foreign currencies. For all those In…
An RFC (Resident Foreign Currency) Savings Account is a savings account maintained in foreign currencies e..g USD, CAD, EURO or GBP for NRIs who have returned to India for good but has some foreign currency fund to park. One of…