State Wise Quarantine Rules for NRI: COVID-19

 With the huge influx of NRIs returning to India as an effect of the ongoing pandemic, it becomes necessary to understand about the rules and regulations and have knowledge of the protocol associated with the state wise quarantine rules for NRIs. Already under its sixth phase, the Vande Bharat Mission has done a splendid job in reaching out to and bringing back every stranded & distressed Indian citizen around the world. What becomes essential here is understanding the next step and preparing to stay safe. In this article, let’s explore the state wise quarantine rules for NRIs as well as Resident Indians returning to India during this period.

SBNRI Team

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RFC Account: Taxation, Interest Rates and more

 RFC or Resident Foreign Currency Account is a type of bank account maintained by Resident Indians in foreign currency. It is specifically essential for NRIs who have returned to settle in India. As we have discussed under NRIs and their Bank Accounts that any income generated abroad for an NRI must be maintained in an Non-Resident External (NRE) Account. Once, the NRI has returned to India, these NRE Accounts need to be converted into RFC Accounts post maturity. The FCNR Deposits can also be converted into RFC Accounts post maturity. In this article, we will discuss this RFC Account and understand the associated aspects.

SBNRI Team

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NRI PPF Account: Can NRI invest in PPF?

 The most recurring doubt amongst NRIs has to be this: Can NRI invest in PPF? NRI PPF Account has turned out to raise questions on every platform. In this article, we will answer these questions regarding PPF account for NRI once and for all. PPF (Public Provident Fund) scheme was launched in 1968 by the Finance Ministry’s National Savings Institute. The main objective of the PPF scheme is to help individuals make small savings and provide returns on the savings. The PPF scheme offers an attractive rate of interest (up to 8%*) and no tax is required to be paid on the returns that are generated from the interest rates. PPF account for NRI is thus a risk free mode of investment.

SBNRI Team

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DTAA: Double Taxation Avoidance Agreement Guide for NRI

 How frustrating can it be to give away most of your hard earned money as tax? Especially for NRIs who can be subject to double taxation. You might be working abroad and have to pay taxes both in India and abroad. That’s infuriating, right? Well, not if you keep a track of DTAA which is the Double Taxation Avoidance Agreement enabling you to avoid double taxation in India and abroad. In this article, we will try to cut down your taxes to the minimum. How? Let’s explore.

SBNRI Team

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