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NRE ACCOUNT OPENING
RBI opens listed Indian equities for foreign investorsThe Reserve Bank of India has opened direct equity investment in listed firms to all foreign individuals, expanding beyond NRIs and OCIs. T...- Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting luredThe Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interes...
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
- Increase in limits for NRI and OCI investors to invest in stock market without SEBI registration, RBI GuvThe Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residin...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
- NRE vs NRO accounts: Source of funds, taxation, currency of deposit, repatriation limits explainedIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 6...
- SBI NRI account: Much-awaited tab-based online NRO, NRE account opening facility launchedSBI NRI Account: State Bank of India (SBI) has launched the TAB-based end-to-end digital onboarding process for Non-Resident Indians (NRIs)...
- Three different types of NRI bank accountsHere is an overview of the different bank accounts NRIs can open and their specific use cases.
- How to open NRI account in India: List of documents needed to open NRI savings accountNRI savings account: There are two types of NRI Savings Accounts: Non-Resident External (NRE) Savings Account, Non-Resident Ordinary (NRO) ...
- NRE fixed deposit interest rates 2024: Which bank is offering highest NRE FD rate?As interest rates differ with banks and tenure, here is a quick comparison of top banks NRE FD interest rates.
- How to transfer money from an NRO to an NRE accountThe RBI has previously restricted the transfer of money from an NRO account to an NRE account. There are a number of situations in which yo...
- PNB cuts NRE FD interest rates by up to 25 bpsThe Punjab National Bank (PNB) has lowered its non-resident external (NRE) deposit rates by up to 25 basis points (bps) across all tenures ...
- NRE fixed deposit: These 3 banks offer up to 6% interest rate on NRE FDsYou can deposit foreign currency earnings into your NRE account and withdraw rupees to pay expenses in India.
- NRE FD interest rates: SBI Vs HDFC Bank Vs ICICI Bank Vs Yes BankAn NRE account is a bank account opened in India by an NRI for the purpose of depositing foreign income. For NRIs who desire to convert the...
- Geojit first to offer online opening of demat accounts for NRIsAs of now, brokerages offer trading and demat account opening facilities to NRIs only as a single category and not linked to an NRE and NRO...
- Types of bank accounts an NRI can open in IndiaA non-resident Indian can open three types of accounts in India as authorised by the Reserve Bank of India (RBI). The money in the accounts...
- Banking and investment changes a resident Indian needs to make on becoming NRIWhen a resident Indian changes status to that of a non resident Indian (NRI), these are the banking and investment procedures to be followe...
- Answers to question in all NRIs' minds - 'What to do when you become an NRI'If you've the opportunity to work and live outside India for a few years, here are 5 things you must do before you get on that flight.
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