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

· 12,566 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

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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

· 34,873 views

NEFT Full Form: National Electronic Fund Transfer

 The full form of NEFT is the National Electronic Fund Transfer. NEFT is an electronic payment system that allows one-to-one fund transfers across the country. Using this facility, any account holder can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country that participates in the NEFT scheme. You can also transfer funds via NEFT using digital modes of internet banking and mobile banking.

SBNRI Team

· 32,774 views

HDFC Full Form – Housing Development Finance Corporation

 The full form of HDFC is Housing Development Finance Corporation. HDFC is an Indian financial service company headquartered in Mumbai, India. It is a major housing financial institution, offering housing loans to individuals and corporates for the purchase and construction of residential houses. HDFC caters to its customers through a network of 396 outlets in approx 2,400 towns and cities spread across India. HDFC has offices in London, Singapore and Dubai and associates in Middle East countries to cater to NRI customers.

SBNRI Team

· 32,918 views

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