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 […]

    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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

NRI Status 2023: NRI status can be attained by an Indian Citizen if he/she stays overseas for more than 182 days in a financial year. However, new rules for NRI taxation in India are introduced to determine the residential status of an individual during that financial year.      Calculating your NRI Status 2023 To […]