Bank of India NRI FD Rates: Unlock Tax-Saving Benefits Today

 Bank of India NRI FD Rates: Bank of India is a state-owned commercial Indian Bank. The bank offers a wide range of financial and investment services to its customers in India and foreign countries. BOI NRI fixed deposits are one of the best investment avenues for Non-Resident Indians. These customers can open fixed deposit accounts with the bank to enjoy attractive Bank of India NRI FD Rates.

SBNRI Team

· 12,085 views

NRE Recurring Deposit: NRI Investment in India 2022

 NRI Deposits are one of the most sought after investment opportunities by NRIs with a no risk appetite. Deposits promise good returns with no risk. The deposits that NRIs can opt for in India can be subdivided into Fixed Deposits and Recurring Deposits. NRIs can hold only three types of bank accounts in India: NRE, NRO & FCNR. All of these accounts provide Fixed Deposit facility whereas you can opt for a Recurring Deposit in NRE and NRO Bank Accounts. In this article, we will explore the NRE Recurring Deposit in detail.

SBNRI Team

· 15,652 views

FATCA (Foreign Account Tax Compliance Act) for NRIs

 FATCA or Foreign Account Tax Compliance Act aims to bring transparency and curb tax evasion by monitoring the income of NRIs living in the USA from their non-US investments and assets. It is a tax law by the US Tax Department (IRS) as a part of the Hiring Incentive to Restore Employment (HIRE) Act (2010). The FATCA Act identifies and prevents a US citizen/tax resident from avoiding tax. The Act requires certain international financial institutions to report details of financial accounts held by US taxpayers to the Internal Revenue Service (IRS) along with instances of tax evasion. A financial institution is empowered to withhold tax if an individual does not comply with any document requirements.

SBNRI Team

· 29,124 views

Best Investment Options in India: Top 5 Picks of the year 2020

 The year 2020 has been and will be one of the most memorable years in future. This year everything witnessed change. At SBNRI, we experienced that there has been a constant search and want by the NRIs to invest in some specific asset classes that have been constant throughout the year. In this article we will explore the best investment options in India in 2020 one by one and help you with the detailed processes that can be carried out at the comfort of your homes abroad.

SBNRI Team

· 16,006 views

NRI Agricultural Land: Can NRI buy Agricultural Land in India?

 NRI Agricultural Land: Are you an NRI Planning your retirement in India? Do you wish to own a beautiful farmhouse, a bit on the outskirts of the busy city life, with a wonderful lawn for the kids to play in and an easy chair where you can sit and enjoy your morning tea while reading the good old newspaper? Tempting! Isn’t it? But Can NRI buy agricultural land in India? Can you actually plan this retirement at a farmhouse or an agricultural land/ plantation property? Can you buy agricultural land in India? Let’s find out.

SBNRI Team

· 61,810 views
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