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 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 18/09/2023
India’s growing economy is paving the way for various investment avenues. And the good thing is both residents and non-residents can be part of this investing journey. But how would a NRI invest in India and what are the best investment for NRI in India? This is something that’s long debated. Thankfully, we can resolve […]
SBNRI Team
answered on 11/09/2023
Yes, NRIs can invest in Quant Mutual Funds on a full repatriation and non-repatriation basis. It is suggested to note that such an investment should adhere to the Foreign Exchange Management Act (FEMA) guidelines and will be subject to certain tax implications. As an NRI, you can easily invest in Quant Mutual Fund by […]
SBNRI Team
answered on 07/09/2023
The taxation on Mutual funds depends on the kind of mutual fund, i.e. debt or equity, and the holding period of the said mutual fund. Taxation for Equity Mutual Funds: In the case of equity mutual funds, any holding of less than one year will be termed as short-term, and selling of such investment […]
SBNRI Team
answered on 11/09/2023
Yes, Non-Resident Indians (NRIs) can purchase mutual funds in India. They can purchase and invest in both domestic and foreign mutual funds offered by the Asset Management Companies (AMCs). Do keep in mind that there are certain restrictions and requirements that NRIs need to abide by under the Foreign Exchange Management Act (FEMA) while investing […]
SBNRI Team
answered on 07/09/2023
Yes, Non-Resident Indians (NRI) can invest in mutual funds from their NRE (Non-Resident External) bank account. NRE accounts are rupee-denominated, so NRIs can deposit and maintain his/her foreign earnings in India in rupees. NRIs can open an NRE account in the form of savings or a current bank account and invest in mutual funds via […]
SBNRI Team
answered on 28/02/2023
Tax implications on Mutual Funds for NRI: Different types of Mutual Funds are taxed differently *(Equity Funds: An equity fund is a mutual fund that invests principally in stocks) *(Debt Funds: A debt fund is a mutual fund that invests in fixed-interest generating securities such as corporate bonds, government securities) Start investing […]
SBNRI Team
answered on 02/03/2023
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 16/11/2020
For updating your mutual fund tax status as NRI, you need to opt for a KYC (Know your Customer) followed by the In-Person Verification(IPV). Once you update your KYC, your NRI status will be updated for all mutual funds you have subscribed to. After that, you can use your NRO Account for investing in […]
SBNRI Team
answered on 20/02/2023
Can I deposit cash in my NRO account? Yes, you can deposit cash in an NRO account after sharing the source of income of the money that you are depositing with the bank. To open an NRO Bank Account or ask any questions related to NRO account, click the button below. […]
Manoj Negi
answered on 17/08/2023
Latest FCNR Deposit Interest Rates (USD) August 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 […]
