Latest FCNR Deposit Interest Rates (USD) August 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. The […]

Minimum balance for FCNR Account: USD 1000     A Foreign Currency (Non-Resident) Account which is a term deposit account in USD, GBP, EUR, JPY, AUD, CAD, SGD, HKD, and others. The ‘term’ in a term deposit account is a fixed tenure of up to 12 months, 24 months, 36 months, 48 months or 60 […]

Yes. Funds in FCNR deposits (both principal amount and the interest earned on the deposit) are fully and freely repatriable outside India. The FCNR Deposit lets you earn tax-free interest on most of the major globally tradable foreign currencies such as USD, GBP, EUR, JPY, AUD, CAD, SGD, HKD, and others.   What is Repatriation? […]

The process of repatriation of funds from NRI Accounts including FCNR account: Accounts Process Limit NRE 1. ONLINE:  Internet banking for outward remittance (sending money to your overseas account from your NRE account) 2. OFFLINE: Fill these 2 forms.  (You can get them at the bank branch or download them online, sign them and send […]

The same rules apply for seafarers that apply for other NRIs.   NRIs can’t open a PPF Account. However, if you had a PPF Account before becoming an NRI, then it can be continued till maturity (15 years) but can’t be extended further. Also, for NRIs, the gains from the PPF Account can only be […]

A Roth IRA is funded by your post-tax income. Therefore, withdrawals are tax and penalty-free.   However, if you have had your Roth IRA for less than 5 years or you haven’t reached the retirement age of 59 and a half, the earnings can’t be withdrawn. If you withdrawal your earnings before maturity then tax […]

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 […]

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 […]