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 […]
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 24/03/2020
You can send money from India to USA from either of your NRI Accounts. The taxes on sending money from India to USA depends on the type of account chosen. Taxes on sending money from India to USA based on the account chosen: NRE: The NRE account can be opened for the purpose of […]
SBNRI Team
answered on 30/03/2020
No. There are no taxes on money transferred from India to the US in India. Avoid Double Taxes on money transferred from India to the US 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 […]
SBNRI Team
answered on 30/03/2020
No. There are no taxes on money transferred from India to UK in India. Avoid Double Taxes on money transferred from India to UK However, In order to avoid tax implications in the UK, you need to declare the source of income in the UK. NRIs in the UK must consult their CPA (Certified […]
Manoj Negi
answered on 14/10/2022
Latest FCNR Deposit Interest Rates (USD) October 2022 What is an FCNR Account? A Foreign Currency Non-Resident or 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. […]
SBNRI Team
answered on 27/09/2022
Investing in mutual funds is a great way of wealth creation and portfolio diversification. Like resident Indians, NRIs can also invest in mutual funds in India. An NRI investor must fulfill KYC formalities before investing in mutual funds in India. Here is how an NRI can complete the KYC process to invest in mutual funds […]
SBNRI Team
answered on 30/03/2020
KYC refers to Know your Customer. It is a simple process of verifying the details provided by the customer for purposes such as investments, registration etc. Checking of your KYC Status can be done at any of the registered KRA (KYCs Registration Agencies) such as: CAMS Investor Services CDSL Ventures (cvlkra.com) There is no […]
SBNRI Team
answered on 24/03/2020
Repatriation refers to the transfer of funds (both principal amount and the interest earned on the deposit) from any of the NRI Accounts [NRE/NRO/FCNR (B)] from India to the overseas bank account of the NRI in his/her country of residence. The process of repatriation of funds from India to USA through your NRI […]
SBNRI Team
answered on 30/03/2020
Yes. An NRI can invest in Mutual Funds In India using their NRE/NRO accounts. In order to invest in Mutual Funds, NRIs must be registered with a Registered Transfer Agents (RTAs). These RTAs maintain a detailed record of Mutual Fund Investors. There are a number of wealth management services and digital platforms that can […]
SBNRI Team
answered on 12/10/2020
Indian Passport Renewal in UK Indian Passport Renewal in UK: Here’s a step-by-step guide to renew your Indian Passport in the UK Fill Online Registration Form for Indian Passport Renewal: Since 02 Jan 2018, handwritten application forms will no longer be accepted. All applications for renewal of Indian passport must be accompanied with […]
Manoj Negi
answered on 23/08/2022
Latest NRE Savings Account & FD Interest Rates June 2022 Fixed deposits are one of the most common NRI investment options in India as they offer assured and safe returns on investment. Non-Resident Indians (NRIs) open NRE (Non-Resident External) fixed deposits to save their foreign earnings and earn attractive returns […]
