There are multiple options to send money to India from abroad. Browse through the various mediums here:     *Money Transfer Operators: Money transfer operators (MTOs) are financial companies (but usually not banks) engaged in cross border transfer of funds using either their internal system or using their collaborations with other international banking networks. Eg: […]

There are multiple factors to be considered by NRIs while choosing the best remittance service to India such as: The country you are remitting from The transaction time and speed Transaction Charges The available modes of payment   Based on these factors, here is a list of the best remittance service to India based upon […]

It depends on your VISA. See, there are multiple cases:   1. If you have a residence permit stamped on your VISA, then you can easily go back once international travel resumes. 2. If you have a visa that permits multiple entry, you can go back once international travel resumes within the validity of your […]

The basic problem that NRIs from the USA encounter is the lack of knowledge of investment opportunities that are present in India considering Mutual Funds.     Here is a list of Mutual Fund Houses that accept investments from US:  DHFL Pramerica Mutual Fund Birla Sun Life Mutual Fund ICICI Prudential Mutual Fund SBI Mutual […]

TDS on Mutual Fund for NRI is a very complex subject. To make it clear, let us first understand the mediums of investment in mutual funds. NRIs can invest into mutual funds from their NRE and NRO accounts. Now a brief description of these accounts can be understood as:   Non-Resident External (NRE): The NRE […]

Taxation 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)   Nature of Profits […]

Mutual Fund and Taxation is a very complex subject. To make it clear, let us first understand the mediums of investment in mutual funds. NRIs can invest into mutual funds from their NRE and NRO accounts. Now a brief description of these accounts can be understood as:   Non-Resident External (NRE): The NRE account can […]

Refer to the following table to understand the process to update a nominee in the top banks in India: Process to update a nominee in the top banks in India All Major Banks Process ONLINE OFFLINE Visit Bank’s website Login and go to “add nominee” option Provide and verify details Submit request Visit Bank Branch […]

Nomination has some essential benefits for any savings or Fixed Deposit account. The benefits benefits of Nominees in an NRI bank account are: Ease of transfer of account ownership to nominee after the death of current owner Settlement of other claims after death of the account owner can be done by nominee No Dues certificates […]

The process of repatriation of funds from NRI Accounts are: 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 them to […]