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 […]
Manoj Negi
answered on 24/01/2023
Latest FCNR Deposit Interest Rates (USD) December 2023 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 23/03/2020
There is only one Pan Card that is issued to all Indians. It doesn’t matter if they are a Resident or a Non Resident Indian (NRI). The term “NRI Pan Card” has just been coined by people to differentiate between the Pan Cards issued to Indian Residents and NRIs. Can NRIs have a PAN […]
SBNRI Team
answered on 16/11/2020
A PAN Card is not a mandatory document to open an NRO Current Account. However, a PAN Card will be required when you repatriate the money outside India. A PAN card for NRIs is compulsory for various financial transactions and economic inclusion. Click on the button below to connect with our expert for more […]
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 23/03/2020
There are no direct provisions to change citizenship in a Pan Card as the PAN Carddoesn’t display your citizenship. It is a document required to file taxes, carry out investments and do transactions in India whether you are a citizen, NRI or OCI. However, you can apply for a new PAN Card as […]
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 23/03/2020
There are certain restrictions on NRE Accounts. NRIs cannot deposit the following funds in the NRE account because NRE accounts are used to maintain the income earned outside India: Cash in Indian Rupees Gifts received in India Any income generated in India for which the taxes are not deducted at source Along with restrictions […]
SBNRI Team
answered on 13/12/2022
NRI Investment in Indian IPOs: Bank Accounts you need Non-Resident Indians can invest in initial public offering (IPO) of equity shares, bonds and NCDs in India. NRI IPO investment in India can be done through Non-PIS account only (NRO or NRE savings account without PIS permission). However, Indian companies going public can decide whether […]
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 […]
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 […]
