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NRO ACCOUNTHOLDERS
Can NRIs continue to operate their PPF accounts?NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is c...- India, Singapore to link digital payments systems for cross-border transactionsThe linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient t...
- UPI: Foreign travellers coming from these countries can make UPI payments in IndiaUPI for foreign travellers: UPI has become hugely popular for retail digital payments in India. It is now proposed to permit all inbound tr...
- Soon, these NRIs can use UPI with their international mobile numbersThe National Payments Corporation of India (NPCI) has allowed UPI platforms to onboard non-resident accountholders (NRE/NRO accounts) from ...
- Govt may seek deals for India-made chips; Google denied relief on second CCI orderDiscussions are likely to be held with countries that don’t have extensive semiconductor manufacturing capacities and currently procure chi...
- 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...
- Foreign Account Tax Compliance Act will result in heightened tax scrutiny of NRIsFATCA requires all foreign financial institutions to enter into an agreement with the US government & disclose foreign account information ...
- NRIs can transfer funds for education, healthThe Reserve Bank of India has further liberalised exchange control regulations, allowing non-resident Indians and Persons of Indian Origin ...
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