SBI NRE Account Opening: Online Application

 State Bank of India is the largest public sector Indian bank that is known to every resident Indian and NRI (Non-Resident Indian). The bank provides a wide range of products and services, including NRI banking, through its wide network of branches in India and overseas. An NRE savings account is a type of rupee-denominated SBI NRI account that allows Indians living abroad to deposit, manage and remit their foreign income. NRIs and PIOs can open SBI NRE accounts for their transactional needs in India. They can apply for SBI NRE account opening online from the country of their residence or visit a branch of the bank in India or abroad.

Manoj Negi

· 58,971 views

Federal Bank NRO Savings Account Opening

 An NRO account is one of the Federal Bank NRI savings accounts opened by Non-Resident Indians and Overseas Citizens of India. NRIs can open a Federal Bank NRO savings account to save their earnings in India, such rents, dividends, or any other income arising or accruing in India. Moreover, an NRO savings account is the best bank account for NRI investment in India. Federal bank NRO account comes with many attractive features like internet banking, e-statements, online bill payment options, etc.

Manoj Negi

· 3,747 views

DTAA Exemption Methods for Tax Relief for NRIs

 DTAA Exemption Methods: Double taxation refers to the act of levying of tax by two or more jurisdictions on the same income or financial transaction. When someone transfers his income from one country to another, he is liable for tax in the country of his residence as well as where the fund is being transferred. For example, Rohit is a US-based NRI and has invested in mutual funds in India. Profit made on the investment by Rohit may be taxed in both India and the USA. However, NRIs can avoid paying tax in both countries because of the DTAA or Double Taxation Avoidance Agreement (DTAA). Here how NRIs can claim benefits under DTAA.

Manoj Negi

· 2,588 views

IRFC Capital Gains Bonds for Tax Exemption under Section 54EC

 Capital gains bonds allow individuals to apply for exemption from income tax applicable on capital gains made from sale of property. Also known as 54EC bonds, these bonds are issued by government backed infrastructure companies including Rural Electrification Corporation (REC), Indian Railways Finance Corporation, Power Finance Corporation and National Highway Authority of India. In this piece, you will learn different aspects of IRFC capital gains bonds.

Manoj Negi

· 7,511 views

1 GBP to INR Conversion – Convert Pound to Indian Rupee

 GBP to INR Conversion: GBP, also known as British Pound Sterling, is the official currency of the United Kingdom, the South Sandwich Islands, the British Overseas Territories of South Georgia, the British Antarctic Territory and the UK crown dependencies the Isle of Man and the Channels Islands. The Sterling is the fourth most-traded currency in the foreign exchange market, trailing the USD, Euro and Japanese Yen in daily volume.

Manoj Negi

· 15,202 views

AIF vs PMS: What is the Difference?

 If you're seeking to expand your investment portfolio beyond mutual funds with the goal of growing your wealth, Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS) may be ideal options for you. These high-risk investment instruments have become increasingly popular among investors. But, between AIF and PMS, how do you decide which one is for you? In this blog, we will conduct an analysis of AIF vs PMS to help you figure out what would be the best for you.

Charu Dhasmana

· 6,588 views
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