To prove NRI status, one has to submit any of the following documents as proof of residence abroad: Employment Details Student Status Dependent Visa Status, or A copy of Resident Permit of the country where the individual is residing Note: The proof needs to be attested either by the Indian Embassy, Notary or an Indian […]

Yes, he will be an NRI for the year as he is staying more than 182 days outside India.   Definition of an NRI   For further assistance with NRI Banking, Investment, Remittance or Taxation, click on the button below to connect with our expert.  

OCI refers to Overseas Citizen of India which can be simply understood as the status given to people with a foreign citizenship who are granted with certain rights and freedoms that the citizens of India and NRIs enjoy except the following rights: voting rights, candidature in various houses of government, constitutional posts such as President, […]

There is only one Pan Card that is issued to all Indians. It doesn’t matter if they are a Resident or a Non Resident Indian (NRI). The term “NRI Pan Card” has just been coined by people to differentiate between the Pan Cards issued to Indian Residents and NRIs.   Can NRIs have a PAN […]

KYC refers to Know your Customer. It is a simple process of verifying the details provided by the customer for purposes such as investments, registration etc.   Checking of your KYC Status can be done at any of the registered KRA (KYCs Registration Agencies) such as: CAMS Investor Services CDSL Ventures (cvlkra.com) There is no […]

  There are certain restrictions on NRE Accounts. NRIs cannot deposit the following funds in the NRE account because NRE accounts are used to maintain the income earned outside India: Cash in Indian Rupees Gifts received in India Any income generated in India for which the taxes are not deducted at source Along with restrictions […]

NRI Investment in Indian IPOs: Bank Accounts you need Non-Resident Indians can invest in initial public offering (IPO) of equity shares, bonds and NCDs in India. NRI IPO investment in India can be done through Non-PIS account only (NRO or NRE savings account without PIS permission).    However, Indian companies going public can decide whether […]

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

Yes. An NRI 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 that can […]

Indian Passport Renewal in UK Indian Passport Renewal in UK: Here’s a step-by-step guide to renew your Indian Passport in the UK     Fill Online Registration Form for Indian Passport Renewal: Since 02 Jan 2018, handwritten application forms will no longer be accepted. All applications for renewal of Indian passport must be accompanied with […]