Latest FCNR Deposit Interest Rates (USD) May 2022   What is an FCNR Account? A Foreign Currency Non-Resident (FCNR) Account is a term deposit account in India for an NRI. It can be maintained in foreign currencies such as USD, GBP, EUR, etc. for a fixed tenure ranging from 1 to 5 years. The interest […]

PMS or Mutual Funds   We receive a lot of queries from many NRI investors who struggle between PMS and mutual funds. With so many investment options to choose from, it is very confusing to select the right investment option for most individual investors. For example, there are many ways to invest in equities – […]

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, […]

Portfolio Management Service (PMS) is a unique and customized portfolio in stocks, fixed income, debt, cash, structured products and many other individual securities. PMS are managed by a professional money manager and can be tailored to meet specific investment objectives. The cost involved in a PMS is higher than in mutual funds because of greater […]

Latest NRE FD and NRI Savings Account Interest Rates May 2022   Banks Savings Account Rates Tax-Free NRE FD Interest Rates Federal 4.00% 5.15% to 5.75% SBI 2.70% 5.10% to 5.50%* Citibank 2.50% 2.75% to 3.67% Bank of Baroda 2.75% 5.00% to 5.35% Canara Bank 4.00% 5.10% to 5.61% Indian Bank 2.90% 5.00% to 5.15% […]

Credits refer to the money that can be deposited in a bank account. The permissible credits in an NRE account are: Inward remittance from outside India  Interest earned on the money deposited in the NRE account Interest on investments made through the NRE Account Transfer from other NRE/ FCNR(B) accounts  Maturity gains from investments (if […]

Demat Account is a part of the trading account which NRI opens to trade in the Indian stock market online. Demat Accounts are used to hold the shares in electronic form.     As of now no bank offers to open a demat account online. But you can access the bank websites and third party […]

       NRIs send money to India from different parts of the world. Likewise, Indians living and working in Australia often have to send money from Australia to India to their loved ones back home. There are several options to transfer money to India from Australia. Money transfer companies facilitate offline as well as online money […]

There are multiple options to send money from abroad to India. Refer the table below and choose the best suited medium for yourself.     *Money Transfer Operators: Money transfer operators (MTOs) are financial companies (but usually not banks) engaged in cross border transfer of funds using either their internal system or using their collaborations […]

After returning to India, you will have the RNOR (Resident but not Ordinarily Resident) Status.   The NRE Deposits need not be converted to resident accounts after your return to India. They can remain as-is till maturity.   Consult NRI Taxation Expert   There are certain benefits of the RNOR status: They don’t have to […]