Esha Mathur asked on 01/03/2023
9748 views
SBNRI Team
answered on 20/03/2023

There is no limit to repatriate funds from FCNR accounts as it is fully and freely repatriable FD account. As this account is opened in a foreign currency, there is no risk for fluctuations in currency conversion, which makes it safer than other NRI fixed deposits.     https://youtu.be/ntX1UqlQhUk   What is an FCNR Account? […]

Nitin Joshi asked on 12/03/2023
7393 views
SBNRI Team
answered on 21/03/2023

A SIP or Systematic Investment Plan is a payment of a fixed amount made at regular intervals for any investment opportunity such as Mutual Funds, trading accounts etc.   SIP calculator for NRI To calculate the returns on SIP for your mutual fund investments you need the following data: Monthly Investment Amount Percentage of Returns […]

Prateek Bansal asked on 23/03/2020
15509 views
SBNRI Team
answered on 10/03/2023

    Can OCI have an NRI account? Yes, OCI can open NRE/NRO/FCNR accounts in India as they are entitled to similar benefits as NRIs. Here is an overview of the accounts for you to choose the best account as per your needs:    Factors to consider Non Resident External (NRE) Account Non Resident Ordinary […]

Gautam Sinha asked on 19/02/2023
19121 views
SBNRI Team
answered on 24/02/2023

There is no limit to repatriate funds from NRE accounts as it is fully and freely repatriable from India. NRE Deposits are tax-free in India as NRE Accounts are meant to maintain the income earned outside India.     https://www.youtube.com/watch?v=0fbmZJln31g&t=1s   Can you transfer funds from NRO to NRE Account? Yes. You can transfer funds […]

SBNRI Team
answered on 10/01/2023

Investment in the unlisted private limited companies in India by an NRI comes under Foreign Direct Investment (FDI). Therefore, there’s no need for a PIS Account as it is required for investments in the secondary market. You can use your NRE or NRO Account for such investments.   NRIs can invest in unlisted companies either […]

Nitin Joshi asked on 18/02/2023
8243 views
SBNRI Team
answered on 20/02/2023

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 […]

Mayur Rastogi asked on 01/02/2023
6503 views
SBNRI Team
answered on 11/02/2023

NRIs can buy shares by investing their money into stocks listed on the National Stock Exchange of India Ltd. (NSE). Steps to buy Shares Listed on Stock Exchanges in India NRIs (Non-Resident Indians) can buy shares in India by following a step-by-step process, which is as follows: Open an NRI Trading and Demat Account: The […]

Abhinav Aggarwal asked on 15/01/2023
35287 views
SBNRI Team
answered on 30/01/2023

No. There are no taxes on money transferred from India to the US in India.   Avoid Double Taxes on money transferred from India to the US However, In order to avoid tax implications in the USA, you need to declare the source of income in the US. NRIs in the USA must consult their […]

Karan Chaudhary asked on 18/02/2023
4199 views
SBNRI Team
answered on 28/02/2023

Yes. An NRI from USA can invest in Mutual Funds in India using their NRE/NRO accounts.   In order to invest in Mutual Funds, NRIs must be registered with a Registered Transfer Agents (RTAs). These RTAs maintain a detailed record of Mutual Fund Investors. There are a number of wealth management services and digital platforms […]

Prateek Bansal asked on 24/01/2023
13854 views
SBNRI Team
answered on 11/02/2023

You can send money from India to UK from either of your NRI Accounts. The taxes on sending money from India to UK depends on the type of account chosen.   Taxes on sending money from India to UK based on the account chosen: NRE: The NRE account can be opened for the purpose of […]

Copy link