Overseas Corporate Body (OCB) Meaning

 Overseas Corporate Bodies Meaning: Overseas Corporate Body (OCB) means a company, partnership firm, overseas trust, society and other corporate body directly or indirectly owned by NRIs (Non-Resident Indians) with not less than 60% beneficial ownership. OCB existed till 16 September 2003 and was eligible to undertake transactions to the general permission granted under Foreign Exchange Management Regulations. To know the Overseas Corporate Body (OCB) meaning and laws related to it continue reading.

SBNRI Team

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Axis Bank 3-in-1 Account for Non-Resident Indians

 Axis Bank offers trading and investment services to NRI customers through its subsidiary AxisDirect. AxisDirect is a portal of Axis Securities Limited that offers seamless investment/ trading services to NRI customers. Axis Bank 3-in-1 account is a combination of NRI PIS/ Non-PIS savings account, Demat account and trading account. With Axis Direct 3 in 1 account, NRIs get an integrated account for investment and trading in the Indian market.

SBNRI Team

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IIFL Securities NRI Trading Account: Types & Charges

 IIFL Securities is a full-service brokerage firm based in India and has a global presence with offices in India, Canada, Hong Kong, Mauritius, Singapore, Switzerland, United States, UK, and UAE. It offers 2-in-1 accounts i.e. IIFL Securities NRI trading account and Demat account, for NRIs. IIFL 2-in-1 NRI account allows online trading across stocks, equity derivatives and investments in mutual funds, IPOs and bonds.

SBNRI Team

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[2023] NRI Capital Gains Tax on Shares

 NRIs can invest in the Indian stock market by purchasing shares through the Portfolio Investment Scheme (PIS) of the RBI. NRI investors can also invest in government securities, debentures, listed non-convertible debentures, etc. on repatriation or non-repatriation basis.NRI investment in India’s equity shares, mutual funds, etc. is subject to the restrictions/ conditions under the Foreign Exchange Management Act (FEMA). Dividend income and the capital gains earned by NRIs from shares listed in India and equity oriented schemes of mutual funds are taxed in India. NRI capital gains tax on shares depends upon the type of instrument and the period for which they are held before the sale.

Manoj Negi

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Best Banks for NRI Loan Against Property

 Properties are the most valuable tangible assets and stand to serve as an important source of liquidity in times of financial crisis. Similar to resident Indians, Non-Resident Indians (NRIs) can use their property in India to meet their personal expenses or business requirements. Many Indian banks and NBFCs offer a loan against property to NRI customers, popularly known as an NRI loan against property. For best banks for NRI loan against property, continue to read the article.

SBNRI Team

· 20,956 views

SBI Securities NRI Trading Account: Types & Charges

 NRI customers can avail a host of trading and investment services from State Bank of India. SBI operates through a network of 198 foreign offices spread across over 35 countries and provides detailed research services for NRIs with information and insights on the market trend. NRI investors need to open an SBI Securities NRI Trading account, SBI NRI account and NRI Demat account to trade and invest in equity, derivatives, mutual funds, depository services, and many third party distribution products.

SBNRI Team

· 19,604 views

NRI Car Loan in India: Eligibility & Interest Rates

 NRIs who work in foreign countries always wish to buy a dream home and a swanky car in India. This is the reason, a sharp rise in the demand for car loans from NRIs has been seen in recent times. To help NRIs fulfil their dreams, many Indian lenders are offering them NRI home loans and car loans at attractive interest rates. Indian citizens who reside abroad for a job or business can get an NRI car loan in India.

SBNRI Team

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ICICI Bank NRI Personal Loan: Eligibility & Interest Rates

 A large number of Indian citizens move out of the country for employment and education. In the meantime, unforeseen financial expenses can arise. If an NRI who is living in another country is not able to arrange funds to meet urgent financial needs from other sources, he/she can get a personal loan to fulfil urgent financial needs. Many banks offer an NRI personal loan in India. ICICI Bank NRI personal loan is one of the best loans in the market.

SBNRI Team

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