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NRO ACCOUNTS REGULATIONS
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...- 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...
- Banks seek certification on source of overseas transfersHigh-street banks are now demanding testimonials on 'sources of funds' from wealthy Indians, NRIs, and businesses looking to move money abr...
- Received your OCI card and want to open an NPS account? Here’s what you must knowOverseas Citizens of India (OCI) cardholders, aged 18-70, can invest in the National Pension Scheme (NPS) on either a repatriation or non-r...
- Are you breaking the law? Crucial banking changes every new NRI must knowNewly transitioned to Non-Resident Indian (NRI) status? This guide details the essential banking and investment updates required to align w...
- 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...
- 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...
- NRI Banking: What to know before you transfer money from your NRO account out of IndiaThe maximum amount that can be transferred from an NRO account depends on the source of funding, with a cap of $1 million per fiscal year f...
- How NRI can transfer NRO account money out of IndiaThere are usually two types of bank accounts that are operated by an NRI in India. These are NRE and NRO bank accounts. The money lying in ...
- The ultimate guide for NRIs and Indian residents for opening a joint account in IndiaNon-Resident Indians (NRIs) can now open joint bank accounts with Indian residents, thanks to regulatory changes made by the Reserve Bank o...
- 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...
- UPI for NRIs with international mobile numbers: Who can use, how to use, how it will benefit, explainedUntil recently, an NRI would require a valid Indian mobile number to set up a UPI ID for any application. But, now NPCI has allowed NRIs li...
- How to convert resident savings account to NRO accountIn case customer whose status has now changed to NRI) is a joint/second holder in Resident Account then in such cases, customer need to add...
- 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...
- Banks may ask you for your religion detailsBanks may introduce a new column in KYC forms for depositors & clients to mention their religion.
- NRIs can now join National Pension Savings online with PAN or Aadhaar"NRIs can now open NPS Accounts online if they have Aadhaar Card or PAN card," the Finance Ministry said in a statement.
- What NRIs need to know about investing in mutual funds in IndiaThe investments carry the right of repatriation of capital invested and capital appreciation only till the investor remains an NRI.
- 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...
- RBI frees rates on NRI deposit schemes; move to stem rupee fallRBI freed interest rates on various NRI deposit schemes, a move that will help attract more funds and arrest the slide in rupee in the fore...
- Best asset class right now for NRIs investing in IndiaThere are a number of options available for NRIs to invest in fixed income in India. However, not all offer high returns.
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