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Mayank Khandelwal asked on 03/04/2020
17629 views
SBNRI Team
answered on 03/04/2020

  Account Opening Grid: Open an NRI Account Documentation Requirements NRE/NRO/FCNR Account opening process for each bank is different. The structure to open an NRI Account is –   1. Get the required documents ready, 2. Attestation and KYC 3. Bank gets the courier pick up done from NRI’s residence or NRI couriers it to […]

SBNRI Team
answered on 11/09/2020

1. Yes you can continue to invest in your PPF Account after becoming an NRI on a non-repatriation basis. But you can only do so till its maturity (15 years). You can not extend the PPF account once it’s matured.   2. No sir. You can’t have a savings account in India after becoming an […]

Surbhi Sethi asked on 18/01/2023
64274 views
SBNRI Team
answered on 18/02/2023

  PIO or Person of Indian Origin; is a person with foreign citizenship who has an Indian origin. The factors that define the term “Indian Origin” are: A person who was born in India A person who at any time, held an Indian Passport or An individual who is either a citizen of India or […]

Abhinav Aggarwal asked on 15/01/2023
40021 views
SBNRI Team
answered on 30/01/2023

Money transfer from India to USA is free from tax implications in India. Avoid Double Taxes on money transferred from India to the USA However, In order to avoid tax implications in the USA, you need to declare the source of income in the US. NRIs in the USA must consult their CPA (Certified Public […]

Manisha Arora asked on 05/02/2023
23319 views
SBNRI Team
answered on 28/02/2024

Tax implications on Mutual Funds for NRI: Different types of Mutual Funds are taxed differently   Equity Mutual Funds Taxation for NRI   In the case of equity mutual funds, any holding of less than one year will be termed as short-term, and selling of such investment will carry a short-term capital gain (STCG) of […]

Tushar Desai asked on 07/09/2023
4860 views
SBNRI Team
answered on 07/09/2023

The taxation on Mutual funds depends on the kind of mutual fund, i.e. debt or equity, and the holding period of the said mutual fund.     Taxation for Equity Mutual Funds: In the case of equity mutual funds, any holding of less than one year will be termed as short-term, and selling of such […]

Ketan Das asked on 30/03/2020
4806 views
SBNRI Team
answered on 30/03/2020

Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by various wealth management companies or Portfolio Managers (people responsible for handling your account) who invest these funds into a varied range of stocks, […]

Aditya Garg asked on 30/03/2020
10014 views
SBNRI Team
answered on 30/03/2020

Can NRI invest in PMS? Before understanding that, let us first learn about what is PMS or Portfolio Management Services (PMS)     Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by […]

Gautam Sinha asked on 30/03/2020
9309 views
SBNRI Team
answered on 30/03/2020

Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by various wealth management companies or Portfolio Managers (people responsible for handling your account) who invest these funds into a varied range of stocks, […]

Harsha Jain asked on 28/02/2023
42298 views
SBNRI Team
answered on 30/03/2020

Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by various wealth management companies or Portfolio Managers (people responsible for handling your account) who invest these funds into a varied range of stocks, […]

Varun Sharma asked on 30/03/2020
9058 views
SBNRI Team
answered on 30/03/2020

Every Portfolio Management Service Scheme has certain Fund Management charges that may vary up to 2.50%* of the investment amount depending upon the PMS provider chosen for investments.     What is PMS Service? Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in […]

Akshit Shukla asked on 30/03/2020
9075 views
SBNRI Team
answered on 30/03/2020

The minimum investment in PMS/limit to avail Portfolio Management Services for both NRIs and Residents is Rs.50,00,000/- (Rs. 5 Million). This can be done either by paying through existing funds or through the transfer of an existing investment portfolio to the service provider.     How to invest in PMS? Portfolio Management Services (PMS) can […]

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