[Latest] 1 AED to INR: Convert United Arab Emirates Dirham to Indian Rupee

 With a large population of NRIs in the UAE, it becomes essential that we address the currency exchange rates and remittances from UAE to India. Especially in the present times with the effects of COVID-19, many NRIs from the UAE are planning to return to India. One thing or the other, all of it is enhancing the remittances received in India from UAE for various factors. Some NRIs there are sending money to carry out investments in real estate for a proper retirement post their return in India while others are just sending in family maintenance. This uncertainty has peaked the interest in the AED to INR conversion trends. Let’s explore the same in this article.

SBNRI Team

· 28,477 views

NRI Financial Trouble: 15 Signals that raise an alarm

 NRI Financial Trouble: Being financially secure is one of the top priorities for an NRI. There are certain signals that hint towards the unpreparedness for any financial emergency. NRI Financial Trouble can be one of the most disturbing scenarios. Handling your finances and maintaining a healthy spending habit is necessary to counter that. In this article, we will discuss the alarming 15 signals that suggest an inept management of finances inviting financial trouble for NRI.

SBNRI Team

· 11,521 views

Indian Stock Market: NRI Investment in India in 2022

 Addressing the press conference in World Economic Outlook, IMF’s chief Economist Gita Gopinath stated that the Indian economy is set to rebound by 8.8% in 2021. This statement comes in the wake of the global economic crisis because of COVID 19. The Indian equity market has been substantial throughout time showing a stable economic growth. The Indian stock market has been a very attractive investment tool for NRIs showing growth capabilities with high returns. With multiple tools like IPOs, Mutual Funds, direct equities etc. the Indian stock market provides ease and convenience for NRI investors with the government of India backing them through a simplified process and norms on trading and holding Indian equities. The Indian equity market is an essential route for NRI investment in India. In this article, we will explore this process of NRI Investment in Indian Equities.

SBNRI Team

· 14,295 views

Section 80TTA for NRI: Claim Rs. 10,000 on NRI Savings Account

 Did you know that you can claim a deduction on the interest earned on your NRI Savings Bank Account up to a maximum of Rs.10,000 just like Resident Indians under section 80TTA? The bank accounts for Resident Indians and NRIs are different. We have already understood the concept of Non-Residents and their bank Accounts and know that an NRI can only have a Non-Resident External (NRE) or a Non-Resident Ordinary (NRO) Savings Account in India. The third type, Foreign Currency Non-Resident Bank Account [FCNR(B)] is a deposit only account. The interest that you earn on an NRE Savings Account is tax-free in India. So, the only savings account we are left with is the NRO Savings Account.

SBNRI Team

· 19,746 views

G Sec: NRI Investment in Government Securities in 2022

 The times are uncertain. From countries to currencies, everything is shaken. NRIs under such circumstances are taking out their money inaugurating an exit mode that is affecting the Indian Debt Market. With foreign investments taking a dip, the Indian rupee has been under pressure. To counter that, recent notifications by the RBI allow NRIs to invest without limit in specified Government of India (GOI) Securities, commonly referred as G Sec.

SBNRI Team

· 19,959 views

NRI Deposits bring in more dollars during lockdown: Coronavirus India 2020

 Recently, we established that in spite of the ongoing pandemic, NRI Fixed Deposits in Kerala crossed Rs. 2 Trillion mark. This is just one of the many states in coronavirus inflicted India. Scaling the figures on a national scale reveal that the total NRI Deposits touched $135.36 billion as of July 2020. The same figure was $130.58 billion for March 2020, $133.12 billion in 2019 and $124.44 billion in 2018 as per the latest data from Reserve Bank of India (RBI).

SBNRI Team

· 12,263 views
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