Yes Bank NRO Fixed Deposit Rates 2023

 Yes Bank NRO (Non-Resident Ordinary) Fixed Deposits are term deposit accounts designed specifically for non-resident Indians (NRIs) and Overseas Citizens of India (OCI) to invest their income earned in India such as rent, dividends, pension, etc., and earn attractive interest. NRIs can maintain their savings in Indian Rupees (INR) in NRO FDs and earn interest on their funds. Yes Bank NRO fixed deposit rates currently range from 3.25% to 7.75% p.a.

Manoj Negi

· 3,832 views

NRI Joint Account: NRIs can Open Joint Account with Residents

 Many Non-Resident Indians wonder if they can open a joint account with Indian residents. Well, opening an NRI joint account with resident Indians was not allowed till 2011. But the Reserve Bank of India has allowed NRI to operate a joint account with resident Indians on “either or survivor” basis, subject to fulfillment of stated conditions. Such joint accounts will be treated as resident bank accounts and will be subject to all the regulations applicable to resident bank accounts.

SBNRI Team

· 41,626 views

NRI Accounts: Which one to choose? NRE or NRO?

 NRIs (Non-Resident Indians) who are looking to invest in India need to have the right bank account to manage their money. As per the RBI guidelines, when an Indian becomes an NRI (Non-Resident Indian), he/she can’t have standard savings accounts in Indian banks. Non-Resident External (NRE) account and Non-Resident Ordinary (NRO) account are two popular types of bank accounts an NRI can operate. Both accounts serve different purposes. Before deciding the right NRI account for new applicants, NRIs should know about the NRI account types, purposes, benefits and opening process of each account type.

SBNRI Team

· 22,734 views

Can NRI Opt for New Tax Regime?

 The Indian income tax system has seen some significant changes in recent times, and the introduction of the New Tax Regime is one such development. As much as this move is appreciated by Indian residents, NRIs are still confused and are unclear whether they are eligible for the new tax regime. In this blog, we will answer this question “Can NRI opt for new tax regime”? We will also explore the implications, benefits, and drawbacks of the new tax regime to help NRIs make informed decisions about their tax planning strategies.

Charu Dhasmana

· 2,363 views

FCNR Account: Top 6 Banks for FCNR Deposits

 The full form of FCNR is Foreign Currency Non-Resident Account, also known as FCNR(B) account. Non-Resident Indians who wish to open a fixed deposit account in India to save money earned overseas in foreign currency can open an FCNR (B) account. Recently leading Indian banks have hiked FCNR FD rates significantly on US dollar category deposits after the Reserve Bank of India (RBI) eased the interest cap till Oct 31, 2022. Here you will learn about the FCNR account in detail.

Manoj Negi

· 12,360 views

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