Many of my NRI readers ask me frequently, should I open an NRI saving account in India? Is it must for an NRI to open NRE or NRO account? Can I continue my existing Saving account in India? etc. Well, If you are going abroad f…
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The NRE account stands for the Non-Resident External account and I strongly believe, every NRI who has any interest in India must open this account. It has some excellent features which are not available to other types of accoun…
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One of the most common doubt among new NRIs are about their bank accounts e.g. what happens to their bank account, Fixed deposit, Demat accounts like ICICI Direct, brokerage accounts, and insurance policies when they become non-…
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If you know about NRI banking facilities and different accounts the y can open in India i.e. NRE , NRO , FCNR , and RFC then you know that there are different rules to deposit money on these accounts, but it's not clear to m…
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Yes, you can open a joint NRE or NRO savings, current or fixed deposit and FCNR fixed deposit account , but who you can use as joining partner depends on upon what type of account you are opening and citizenship of other account…
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Can NRI open more than one NRE, NRO or FCNR account with different banks? Yes, an NRI can more open more than one NRE, NRO or FCNR accounts with different banks in India. I am not exactly sure if you can open two acco…
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If you are an NRI , which has both PAN card and Aadhaar card then it is must for you to link your PAN card with the Aadhaar card . Failing to do so, will result in their PAN card cancellation. Though I have not seen any official…
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It's that time of the year again when every NRI starts to worry about their income tax filing in India. Thankfully, due to technological advancements, now NRIs can file income tax online with their comfort of office and hom…
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It's that time of the year again when every India taxpayer (including those who lives abroad) start to worry about filling your income tax in India. Like previous year, 31st July is the last date to file your income tax ret…
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Whether the global income of NRI is taxable or not depends on NRI's residential status in India for that financial year e.g. from 1st April to 31st March. If NRI's tax status is "resident" in the financial ye…
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Hello guys, if you are wondering whether interested earned on NRO saving account or NRO fixed deposit is taxable in India or not then you are at the right place. Yes , unlike interest earned on both NRE saving account and NRE fi…
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