ICICI Direct NRI Trading Account: Types & charges

 NRI customers can participate in India’s growth story from anywhere in the world. ICICI Securities is a technology-based firm that offers a host of financial services including investment banking, retail broking, institutional broking, private wealth management and financial product distribution services to its domestic and NRI customers. Indians living around the world can open an ICICI Direct NRI Trading Account and start investing in stocks, mutual funds, IPO and trade in Futures & Options in India.

SBNRI Team

· 18,543 views

Can NRIs buy health insurance for their parents in India? – SBNRI

 Living away from their country makes NRIs more concerned about their loved ones back in India. This is the reason they look for health insurance plans for their parents living in India. However, the question ‘Can NRIs buy health insurance for their parents in India?’ is still a common query and has gained relevance especially because of the Covid-19 outbreak. The simple answer is ‘yes’, NRIs can buy a mediclaim policy for their parents in India. The health insurance plans not only allow your parents to access the latest healthcare facilities but also protect them from hospital expenses.

SBNRI Team

· 16,917 views

NRI Status for Financial Year 2020-21: New Circulars

 The residential status of an individual, as to whether he/she is a resident Indian or a non-resident (NR) or not ordinarily resident depends on the period of a person’s stay in India during the previous year or years preceding the previous year. However, in view of the Covid-19 pandemic and the consequent overstay of an individual who had visited India before 22nd March 2020, the Central Board of Direct Taxes has issued a circular on 3rd March 2021 to determine the NRI Status for Financial Year 2020-21. CBDT clarified that the overstay of NRIs due to the Covid-19 pandemic restrictions shall not be taken into account for the purpose of determining the residential status under Section 6 of the Income Tax Act, 1961. The board clarified that income tax will not be levied on Non-Resident Indians (NRIs) who have exceeded the mandated residency limit.

SBNRI Team

· 18,490 views

LIC NRI Life Insurance: Customized Plans for NRIs

 Investment in life insurance plans leads to the creation of wealth. A file insurance policy comes in handy when needed the most. On maturity, a policyholder or the family can use the funds for a variety of purposes such as child’s education/ wedding, purchase of a new house or as a pension after retirement. Like resident Indians, Non-Resident Indians can also contribute to life insurance policies in India. Here we have picked the best LIC NRI life insurance plans that NRIs can choose from based on their requirements.

SBNRI Team

· 22,053 views

NRI Home Loan Interest Rates and Other Charges 2022

 Non-Resident Indians (NRIs) can realize the dream of buying their own home in India with an NRI home loan. NRI housing loans can be used for a variety of housing needs, such as the purchase of a flat/ house/ plot, construction of a house or renovation/ repair of an existing home. All top banks offer home loans to NRI customers at attractive interest and for flexible repayment terms. NRI home loan interest rate starts from as low as 6.80% per annum.

SBNRI Team

· 18,728 views

NRI Trading Account Charges Comparison 2022 – 23

 Non-Resident Indians (NRIs) are required to open an NRI trading account to trade in stocks, IPOs, stock derivatives, mutual funds, and bonds at BSE and NSE. NRIs are only allowed to trade in equity, equity futures & options, and currency derivatives. As per government regulations, NRIs are not permitted to do intra-day trading or trade in commodities in India. An NRI trading account can be opened with stockbrokers like Zerodha, ICICI Direct and HDFC Securities, etc. NRIs trading account charges vary from broker to broker. Here is the NRI trading account charges comparison for your consideration.

SBNRI Team

· 21,387 views

Federal Bank NRI Home Loan 2022-23: Interest & benefits

 Federal Bank offers Non-Resident Indians (NRIs) a hassle-free home loan to help them buy their dream home. NRI customers can avail a housing loan at competitive interest rates for a variety of financial requirements such as the construction of a house, acquisition of land, home repair or renovation, extension of the house, reimbursement of debt incurred for construction, purchase of a plot for house/ villa, etc. NRIs can get a Federal Bank NRI home loan for a flexible repayment tenure of up to 20 years at an interest rate starting from 7.65% per annum.

SBNRI Team

· 14,480 views

5 Points NRIs should Consider for Life Insurance in India

 Indian citizens living abroad can boost their finances by purchasing life insurance plans in India. Several Insurance companies offer customized life insurance plans to fulfill the needs of NRIs, such as SBI life insurance for NRIs, Max life insurance for NRIs, ICICI Prudential life insurance, etc. Insurance plans, eligibility criteria, and other terms and conditions are slightly different for NRIs from resident Indians. Here are the 5 points NRIs should consider before buying life insurance in India.

SBNRI Team

· 16,569 views

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