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

· 16,506 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

· 29,808 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

· 17,041 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

· 62,963 views

Moving Back to America: What to Take Care of?

 With the recent shift in the US Government from Trump to Biden, NRIs stranded in India are optimistic about moving back to America. With over 800,000 Indian nationals in the green card backlog in the US, Joe Biden has made reforms in green cards an election agenda. With Biden as the president of the US, NRIs are looking forward to better news. In this article, let’s discuss what impact your overstay in India might have had concerning your tax implications and prepare a brief checklist for the same.

SBNRI Team

· 15,260 views

Moving to India: The Land of Myriad Emotions

 It is but a part of life to relocate. The only constant thing in life is change is what they say. Moving to India is something that will definitely change things. It will affect your way of life, your beliefs and culture. Relocating to India is an emotion one can’t help but express spontaneously. In this article, we will explore the various aspects of moving to India while briefly compiling a checklist to make sure you check the boxes before you leave.

SBNRI Team

· 29,160 views

FCNR Deposit for NRIs: Everything you need to know

 Getting good returns on the foreign currency earned abroad is one of the aspects that FCNR Deposit for NRIs can help with. The FCNR Deposits are underrated when it comes to investing foreign currency by an NRI. Amidst the plethora of options available for NRI Investment in India, the benefits of FCNR Deposit goes unnoticed. In this article, we will explore the benefits of the FCNR Deposit for NRIs and understand how it is better than most of the investment options out there comparing it with the likes of NRE FD.

SBNRI Team

· 17,947 views

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