The 5 Best Credit Cards for New Immigrants in the US

 5 Best Credit Cards for New Immigrants in the US: A large number of people from around the world apply for a US visa and immigrate to the United States. Upon arriving in the USA, non-residents are not going to have a credit history built up in the U.S. system instantly. Credit does not normally transfer from country to country. Getting a credit card is a good way to earn credit and get a good credit history in addition to the benefits. This will allow them to be eligible for better loan options, lower interest rates and several other advantages.

SBNRI Team

· 17,573 views

PIO vs OCI Cardholders: Difference between PIOs and OCIs

 An individual who has or had roots in India but lives overseas is categorized as an NRI or PIO or OCI. While an NRI is a residential status given to a citizen of India with an Indian passport who is living abroad for the purpose of work, business or education, PIOs and OCIs are foreign nationals of Indian origin. There are several points of similarity between PIO and OCI cardholders and are misunderstood by a large number of people. However, there are marked differences between them. In this article, we will do a clinical analysis of PIO vs OCI cardholders.

SBNRI Team

· 23,962 views

Emergency Travel Document for Indian Citizen

 An emergency travel passport can be issued to an Indian who has lost or damaged his/ her passport in a foreign country. It is a one-way travel document issued to an individual who has to visit India urgently but doesn’t have a valid passport. This passport comes in handy for whom new passports can’t be issued without approval from India. An emergency travel document for Indian citizens is issued for the following reasons:

SBNRI Team

· 18,253 views

Margin Trading for NRIs (Non-Resident Indians)

 Margin trading facility, in the stock market, refers to the process where stock market investors buy more stocks than they can afford to. The stockbroker pays for the balance amount and charges interest on it. Margin is the fraction amount paid by the investor. Margin trading is an easy way of making money through NRI investment in India. Let’s look at the different aspects of Margin Trading for NRIs.

SBNRI Team

· 13,287 views

USA NRI Trading Account in India for investment

 Similar to resident Indians, all Non-Resident Indians (NRIs), including US-based NRIs, can also open an NRI trading account and start investing in the Indian market. However, investing in stocks and mutual funds in India is not straightforward for NRIs based in the USA because of FATCA regulations. Here is about the USA NRI trading account in India, NRI Demat account, and NRI investment options in India, as well as FATCA and US SEC.

Manoj Negi

· 18,772 views

What is a PIS Permission Letter for NRIs/ PIOs

 Portfolio Investment Scheme (PIS) is a scheme of the Reserve Bank of India defined in Schedule 3 of the Foreign Exchange Management Act 2000. PIS permits NRIs to invest in stocks and mutual funds through exchange houses in India. As per the scheme, NRIs can purchase and sell shares of Indian companies on stock exchanges. You can get a PIS permission letter with the help of the bank in which you have your NRE/ NRO account. You can apply for the PIS permission letter at a bank authorized by the RBI to administer the PIS.

SBNRI Team

· 21,904 views

Consequences of not filing ITR in India for NRIs, PIOs, OCIs

 To offer some relief for individuals who have not filed ITR returns In India, the last date for income tax filing for FY 202-21 (The assessment Year 2021-22) has been extended till 31st Dec 2021. Generally, the due date of ITR filing is July 31 for non-audit-business individuals and 31 October for audited-business assessees. Like resident Indians, it is important for people with NRI status as well as OCI and PIO cardholders to file their income tax in India. Non-filing of ITR may result in several penalties and lots of inconveniences. Some of the serious consequences of not filing ITR in India for NRIs/ PIOs/ OCIs are described here.

SBNRI Team

· 22,417 views

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