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NRI ACCOUNT NOMINEE
Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder diesNRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriat...- NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explainedNon-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program ...
- Too much riding on one AI stock? Why techies should diversify their RSUs before it's too lateWith tech employees holding up to 80% of their net worth in a single stock, advisers say not selling is a real danger.
- As a foreign citizen I can’t hold joint account with my mother in India, how can we ensure smooth succession of assets?I recently acquired foreign citizenship, and can no longer maintain a joint account with my mother. What steps should my mother take to ens...
- Can NRIs open a PPF Account? Know the rules, restrictions and closure optionsPremature withdrawals are permitted after five years of account opening, subject to specific conditions. Upon maturity, the funds are credi...
- 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...
- How can an NRI open a RBI retail direct account to invest in government bonds and T-bills?An non resident Indian (NRI) can open Reserve Bank of India's retail direct account in order to invest in government securities, state deve...
- Do you remember the nominee in your bank savings a/c? Here's how to check, add nominee to savings accountA nominee is a person that an account holder designates to claim the money in the savings account after the original owner of the account d...
- Tax implications of gifting bank account, demat account and PPF to 18-year-old sonReaders taxation-related queries answered by experts.
- What are the premature withdrawal charges?
- Everything you wanted to know about mutual fund nominationsMutual fund nominations helps a mutual fund investor to nominate a person. The nominee can claim the mutual fund units held by the unithold...
- All you need to know about nominations in a mutual fund schemeNomination is a facility that enables a unitholder to nominate a person, who can claim the units held by the investor or the redemption pro...
- NRI Helpdesk: Do you need to close your NRE account after coming back to India?For our NRI readers, we have started an immigration helpdesk. Write to us at nri.economictimes@gmail.com and our team of experts will addre...
- What is the tax efficient way to distribute my wealth equally to my children without Will?The shares held jointly can be transferred from the joint demat account to a new demat account in the individual name, appointing both the ...
- How NRIs can open NPS account onlineAn NRI can open an NPS account online if he has a PAN card and a bank account and satisfies other conditions.
- Lok Sabha polls: Auto driver, advocate in AAP's list of candidates from APAam Aadmi Party has announced its list of candidates for impending assembly elections in the Seemandhra and the Telengana region, which is ...
- General elections 2014: Auto driver, advocate in AAP's list of candidates from APAAP has announced its list of candidates for impending assembly elections in the Seemandhra and the Telengana region.
- Bring back foreign currency: RFC accounts for returning NRIsRFC accounts can be maintained by resident Indians in foreign currency. These are useful for NRI who return to India.
- FCNR accounts for NRIs: All you wanted to knowNomination facility is available in FCNR accounts and the nominee can be either an NRI or a resident Indian.
- HSBC New Jersey client admits conspiracy in offshore tax caseA New Jersey client of HSBC Holdings pleaded guilty to charges that he hid as much as $4.7 million through Swiss and Indian accounts not de...
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