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NRO ACCOUNT
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...
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
- 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...
- NRIs pull out $2 billion from bank depositsOverseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve...
- Indian diaspora withdraws $2 bn from banks amid West Asia turmoilIndian diaspora withdrew nearly two billion dollars from local banks in March. This withdrawal was driven by geopolitical conflicts in West...
- 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...
- Are you an NRI earning from rentals in India? High TDS, tax notices & refund delays explained
- NRI tax guide: Returning to India? Here's exactly when the tax department starts taxing your foreign income
- NRI term insurance demand doubles in two years; younger buyers drive growthDemand for term insurance among Non-Resident Indians has doubled in two years, with a 35% month-on-month surge following West Asian tension...
- FEMA warning for NRIs: Wrong bank account can cost you 3x balance in penalties
- What is NRO account and how are deposits in this account taxed, repatriated?NRO accounts are less restrictive for Indian rupee transactions compared to other types of accounts available to NRIs in India, making them...
- How can non-resident Indians open an NRO account?A non-resident ordinary (NRO) account is a specialised bank account for NRIs to manage the income earned in India, such as rent, dividends,...
- 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...
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