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 […]

Mayank Khandelwal asked on 03/04/2020
9352 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 […]

Nikhil Puri asked on 24/03/2020
5900 views
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 […]

Abhinav Aggarwal asked on 30/03/2020
16757 views
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 […]

Geeta Anand asked on 30/03/2020
15876 views
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 […]

Deepika Kumari asked on 10/10/2022
29322 views
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. […]

Richa Bhatt asked on 27/09/2022
8595 views
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 […]

Rohit Malhotra asked on 30/03/2020
19858 views
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 […]

Ritesh Talwar asked on 24/03/2020
13791 views
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 […]

Richa Bhatt asked on 30/03/2020
2757 views
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 […]

Rahul Nair asked on 12/10/2020
11869 views
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 […]

Karan Chaudhary asked on 10/05/2022
12055 views
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 […]

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