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NRE AND NRO ACCOUNTS
Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...- FCNR(B) window may save banks Rs 4,000 croreBanks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs,...
- 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...
- These 7 private and public banking stocks have an upside of up to 23% in one year, according to analystsGiven how the market has moved in the last five-six trading sessions, the probability is high that a new readjustment trade has started. Th...
- These 9 banking stocks have an upside potential of up to 32% in 1 year, according to analystsIt is always important to make a distinction between sentiment and real business. While sentiment can impact prices in the short term, it i...
- These 6 banking stocks have an upside potential of up to 30% in 1 year, according to analystsIt is a question often heard on the street: Which is better, private or PSU banks? To some extent, it is a meaningless question. Both priva...
- NRIs: Your India investments could be losing money without these 8 rules
- These 8 private and public banking stocks have an upside of up to 27% in one year, according to analystsInflation is at a 13-month high, primarily led by a rise in food prices. And with an impending fuel price hike, it could spike even more. A...
- Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to doNRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international...
- Savings account interest rates up to 7.6%: Check this bank’s revised slabs for domestic, NRE, NRO accountsSavings account interest rates: Suryoday Small Finance Bank has updated its savings account and fixed deposit interest rates. Effective May...
- 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...
- What is the difference between NRE and NRO accounts?Money in NRE accounts is also impacted by fluctuations in exchange rates, unlike funds in NRO accounts, which are safe from such volatiliti...
- NRI money guide: 5 mistakes to avoid when using NRE/NRO accounts and how to manage your funds betterNon-Resident Indians (NRIs) often face challenges managing NRO and NRE accounts. Mishaps include using incorrect accounts for funds, exceed...
- How to open an NRE/NRO account online in HDFC Bank
- 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...
- Is there a taxation difference in investing in mutual funds via NRE and NRO accounts?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
- 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...
- RBI allows NRIs to transfer funds from NRO to NRE accountRBI allowed NRIs to transfer funds from non-resident ordinary account to Non-Resident External account subject to a ceiling of $1 million i...
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