SBNRI Team
answered on 06/04/2020
The selection of the best bank to open an NRI account is entirely dependent on your needs. To explore the account opening processes for the top banks in India, let us go through the following Account Opening Grid. Based on your needs you can select the best bank to open an NRI account. Account […]
SBNRI Team
answered on 22/03/2020
An NRI can invest into all forms of businesses and other investment opportunities in India. We have made a list of the top opportunities for NRIs and how can they invest in India: How can NRI Invest in India Opportunities Requirement Fixed Deposit Bank Accounts NRE/NRO/FCNR Account Mutual Funds NRE/NRO Account Direct Equity […]
SBNRI Team
answered on 11/09/2020
Yes! An NRI can continue to subscribe to his/her existing PPF Account till maturity (15 years). However, the option of extending the subscription isn’t available for NRIs.There are other investment opportunities as well that can ensure similar benefits to the NRIs such as NPS (National Pension Scheme). To get expert advisory at SBNRI, contact […]
SBNRI Team
answered on 22/03/2020
There are a lot of investment opportunities for NRIs in India. We have assorted the top 5 investment opportunities for NRIs in India for you, check them out below: The top 5 investment opportunities for NRIs in India are: 1. Fixed Deposit Bank Accounts: The most common and rewarding investment opportunity for NRIs […]
SBNRI Team
answered on 31/03/2020
KYC refers to Know your Customer. KYC of Mutual Funds for NRIs is a simple process of verifying the details provided by the customer. The following documents are needed for KYC of Mutual Funds for NRIs: Copy of your passport with name, photograph, address and Date of Birth PAN Card Current Residential Proof (temporary or […]
SBNRI Team
answered on 30/03/2020
Here is a checklist of the Mutual Fund Documents for NRI from US/UK/Middle-East 2020: KYC Form (filled and signed) Recent color photo (signed across the photo) Copy of PAN Card, notarized (On an A4 size paper) Copy of exact proof of overseas address, notarized (On an A4 size paper) Copy of first and last pages […]
SBNRI Team
answered on 30/03/2020
Best Mutual funds for US NRIs: Updated List 2020 DHFL Pramerica Mutual Fund Birla Sun Life Mutual Fund ICICI Prudential Mutual Fund SBI Mutual Fund UTI Mutual Fund L&T Mutual Fund PPFAS Mutual Fund (Parag Parikh Financial Advisory Services) Sundaram Mutual Fund Different types of Mutual Funds are taxed differently: While there are multiple […]
SBNRI Team
answered on 11/09/2020
For transfers equal to or above $10,000, the cheapest options will be using the SWIFT Transfers directly from banks. However, if you want to opt for the Money Transfer Operators, there’s a catch. Let’s understand it. For operators such as MoneyGram and Western Union, there are no transfer fees if sending money through bank transfers. Now, MoneyGram will charge you a fee of $2.99 for transfers […]
SBNRI Team
answered on 10/09/2020
Emirates India International Exchange has multiple mediums to transfer money. Therefore, with each medium and its respective transaction time, the charges would differ. Say, for instance you opt to transfer money through agents. Now, Emirates India International Exchange has partnered with MoneyGram and many other operators. If sent through Moneygram, the charges would be 22.34 […]
SBNRI Team
answered on 24/03/2020
There are multiple options to send money to India from abroad. Refer the table below to know the charges for sending money to India from abroad and choose the best suited medium for yourself. *Money Transfer Operators: Money transfer operators (MTOs) are financial companies (but usually not banks) engaged in cross border transfer of […]
