5 Things NRIs Must Do in 2022: New FY Resolutions

 Due to the unprecedented Covid-19 outbreak, everything seems to have turned upside down over the last year. The pandemic is not only a health crisis but also an economic shock. From personal hygiene to spending habits, everything has changed. Therefore, your first step is to identify and prioritize things that you need to work on to face potential challenges and meet your requirements such as NRI investment and taxation. Here are the five things NRIs must do in 2021.

SBNRI Team

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Moving Abroad? How to strategize your NRI Investment Plan?

 NRI Investment Plan can be understood as the layout of income and expenses systematically scattered around various investments with an end objective such as wealth creation. In simpler words, it refers to sorting out your needs and requirements in the longer run focusing on the vision of a preferred lifestyle once you retire. Understanding what an NRI Investment Plan is is simple. What becomes tough is devising a well structured strategy and carrying out the execution part of the plan. In this article, let’s formulate a hypothetical NRI Investment Plan and understand the intricacies of the same.

SBNRI Team

· 12,036 views

IFSC Full Form: Indian Financial System Code

 The full form of IFSC is the Indian Financial System Code. Commonly known as the IFSC code, it is an 11-digit alphanumeric code that facilitates the smooth progress of electronic payments in India. The IFSC code is issued by the Reserve Bank of India to identify and differentiate every branch of the bank participating in electronic payment systems like Real-Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS), etc.

SBNRI Team

· 23,099 views

INR Full Form – Indian Rupee (₹)

 The full form of INR is Indian Rupee. The Indian Rupee (INR) is the currency of India. The new currency symbol for the Indian Rupee - ‘₹’ - was introduced on 15 July 2010. Before the adoption of the new symbol, the most commonly used symbols for Rupee were Rs. and Re. in texts. INR is approved and monitored by the Reserve Bank of India (RBI). The Indian Rupee is divided into paise; a paise is 1/100th of a Rupee.

SBNRI Team

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