NRI Account for Indians in UK: Apply for NRI account online

 The United Kingdom is one of the most preferred foreign destinations among Indians for study, employment, tourism or even permanent settlement. Indian diaspora comprises a large portion of the UK’s population. Non-Resident Indians (NRIs) living in the UK need to open an NRI account to deposit, manage and remit their foreign earnings. Several Indian banks offer an NRI account for Indians in UK. Not only NRIs but also PIOs and OCIs living across the world can open NRI savings accounts to meet their transactional needs related to India.

Manoj Negi

· 18,130 views

NRI Bank Account Types: Savings and FD Account

 Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) are not allowed to operate a regular bank account after their residential status changes from a resident Indian to an NRI or OCI. The Foreign Exchange Management Act (FEMA) mandates that an NRI or OCI must maintain an NRI account if they wish to conduct financial transactions in India. However, before applying for an NRI account, it is important for NRIs to know about different NRI bank account types. Depending on their requirements and source of income, you can apply for a suitable bank account for hassle-free transactions.

Manoj Negi

· 1,644 views

SBI NRI Account Opening from UK: Detailed Process

 Opening an NRI account with State Bank of India (SBI) is a convenient and secure way for NRIs (Non-Resident Indians) living in the UK to manage their finances in India. SBI is one of the largest banks in India that provides a host of banking services to NRIs such as SBI online banking, NRI investment services, fixed deposits, remittance to India, etc. In this blog, we will guide you through the process of SBI NRI account opening from UK.

Charu Dhasmana

· 9,447 views

What is the Tax on an NRO Account

 Non-Resident Indians can open different types of NRI accounts in India - Non-Resident External (NRE) account, Non-Resident Ordinary (NRO) account and Foreign Currency Non-Resident (FCNR) account - to deposit their money earned within India or abroad. However, for any income earned in India, NRIs need to have an NRO account. NRIs are liable to pay taxes on income deposited in an NRO account in India. Let’s understand the tax on an NRO account.

Manoj Negi

· 11,242 views

Federal Bank NRO FD Rates: Latest NRO FD Rates

 When it comes to secure and stable NRI investment options, NRO (Non-Resident Ordinary) Fixed Deposits have long been favored by investors around the world. Among the various banks offering NRO FDs, the Federal Bank stands out as a prominent player, providing competitive interest rates and a range of benefits. In this blog, we will explore the Federal Bank NRO FD rates and understand why they can be an attractive investment option.

Charu Dhasmana

· 3,025 views
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