No. Presently, there’s nothing like that. What you must have read is the PPF Notification of 2017 which reduced the interest rates for NRIs to 4%. But later in 2018, the rules of PPF for NRIs were amended again.   The highlights of the amendment are as follows:   1. NRIs can’t extend PPF Account […]

Yes, if your wife is staying in India and she is a Resident Indian, she can definitely open a PPF account. You can too choose from a variety of investment options in India being an NRI. To get expert advisory at SBNRI, contact us using the button below.        

As per PPF Rules, firstly you need to inform the bank about the change in your status and then you can continue to subscribe to your PPF Account till maturity (15 years) but you won’t be able to extent it further.   To get expert advisory at SBNRI, contact us using the button below.   […]

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 […]

No, you won’t get any notice from ITR but you will have to declare this amount under “exempted income” while filing your taxes. To book your NRE FD effortlessly at the comfort of your homes, click on the button below.    

There are two types of investments markets that can accept investments from an NRI or Resident Indian: Primary: A primary market deals with the introduction of fresh stocks and bonds that are rolled out for sale for the first time. Examples are Initial Public Offerings (IPOs) for stocks. All Mutual Fund investments also fall under […]

There are certain restrictions for NRIs while investing in the share market in India, which are: An NRI cannot transact in India except through a stock broker or third parties like Zerodha NRIs cannot trade shares in India on a non-delivery basis*, that is, they can neither do day-trading nor short-sell in India. If they […]

Yes. NRIs can invest in Indian equities by investing their money into stocks listed on the National Stock Exchange of India Ltd. (NSE). To be eligible to invest into stocks, NRIs need to be a part of the Portfolio Investment Scheme* (PIS) that will allow them to trade stocks.    *(Portfolio Investment Scheme (PIS): Through […]

NRIs can opt for a 3-in-1 account that consists of 3 separate accounts that can be opened together. A share trading account is a combination of these 3 accounts.   These accounts include: A Bank Account (a normal bank account where your money resides),  A Trading Account (a share broker account which allows you to […]

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, […]