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 […]
Latest NRE Savings Account & FD Interest Rates June 2022 Fixed deposits are one of the most common NRI investment options in India as they offer assured and safe returns on investment. Non-Resident Indians (NRIs) open NRE (Non-Resident External) fixed deposits to save their foreign earnings and earn attractive returns […]
Minimum balance for FCNR Account: USD 1000 A Foreign Currency (Non-Resident) Account which is a term deposit account in USD, GBP, EUR, JPY, AUD, CAD, SGD, HKD, and others. The ‘term’ in a term deposit account is a fixed tenure of up to 12 months, 24 months, 36 months, 48 months or 60 […]
The process of repatriation of funds from NRI Accounts including FCNR account: 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 […]
The same rules apply for seafarers that apply for other NRIs. NRIs can’t open a PPF Account. However, if you had a PPF Account before becoming an NRI, then it can be continued till maturity (15 years) but can’t be extended further. Also, for NRIs, the gains from the PPF Account can only be […]
A Roth IRA is funded by your post-tax income. Therefore, withdrawals are tax and penalty-free. However, if you have had your Roth IRA for less than 5 years or you haven’t reached the retirement age of 59 and a half, the earnings can’t be withdrawn. If you withdrawal your earnings before maturity then tax […]
PMS or Mutual Funds We receive a lot of queries from many NRI investors who struggle between PMS and mutual funds. With so many investment options to choose from, it is very confusing to select the right investment option for most individual investors. For example, there are many ways to invest in equities – […]
Portfolio Management Service (PMS) is a unique and customized portfolio in stocks, fixed income, debt, cash, structured products and many other individual securities. PMS are managed by a professional money manager and can be tailored to meet specific investment objectives. The cost involved in a PMS is higher than in mutual funds because of greater […]
Credits refer to the money that can be deposited in a bank account. The permissible credits in an NRE account are: Inward remittance from outside India Interest earned on the money deposited in the NRE account Interest on investments made through the NRE Account Transfer from other NRE/ FCNR(B) accounts Maturity gains from investments (if […]