There are 3 types of NRI FDs you can choose from and 2 of them are not taxable. Non-Resident External (NRE) FD: For income generated outside India, maintained in INR. There is no tax in India on the interest earned. Non-Resident Ordinary (NRO) FD: For income generated in India, maintained in INR. The interest earned […]

The tax on Mutual Funds will be deducted on the format for TDS for an NRI. There are no separate rates for TDS. For an NRI investing in Mutual Funds in India, the gains are pre-taxed (TDS) before they are received in the bank account of the NRI.   Is NRI eligible for refund on […]

Yes, you will be an NRI for (2020-21) since you haven’t stayed in India for 365 days or more in the previous 4 years.   Regarding FCNR Deposits, you can continue them till maturity after returning to India. Post maturity, you can convert them into Resident Foreign Currency (RFC) Account. You don’t need to convert […]

We have made a special video on how to select the cheapest medium for remittance. You can find the video below:   https://youtu.be/Conk-4yG5-g   Keeping in mind the factors mentioned in the video, which are: Final amount received Exchange rate, and Time frame (Urgency) We’d suggest you to go ahead with Transferwise whom we have […]

Your Demat Account will directly relate to your residential status: If you’re completing the stipulated number of days outside India (184 days or more in one financial year) then you’ll be required to open an NRI Demat Account. If you’re not an NRI as per the stipulated number of days (i.e. if you’re staying 184 […]

As an NRI, your salary earned in UAE won’t be taxed in India. Hence, in such a case there is no need to fill Schedule TDS and the income can be disclosed as exempt income in the ITR.   For assistance with filing your tax returns in India, click on the button below and connect […]

You can send a maximum of USD 2,50,000 abroad per year. This is the maximum limit under the Liberalized Remittance Scheme (LRS). There are no additional charges. The money can be sent on the ongoing exchange rate.   Find the best way to send money abroad. Click on the button below to connect with our […]

You can very conveniently continue your child’s education in India. The Central Board of Secondary Education (CBSE) is the largest board in India with over 17000 schools affiliated to it.   As far as the mother-tongue issue is concerned. Hindi, as a language isn’t compulsory all over India.   Under the new education policy, the […]

To send money instantly from Saudi Arabia to India, you can use the STC Pay app powered by Western Union.   The remittances have a fixed charge of 15 SAR and the money can be transferred from bank to bank or can be received in India at the Western Union centers as cash.   The […]

You can’t extend your PPF Account post maturity (15 years) if you become an NRI before your account matures.   As per the PPF guidelines, NRIs aren’t eligible to open a PPF Account. However, if a Resident Indian becomes an NRI after opening the PPF Account, he/she can continue to subscribe to his/her account on […]