NRO Account Minimum Balance Requirements

 NRIs need to open an NRO (Non-Resident Ordinary) account if they are earning income in India in the form of a pension, dividends or rental income. When looking for a bank to open an NRO account, there are a lot of options available in India. However, when deciding a bank to open an NRO account, you should look at important parameters like NRO account minimum balance requirements, interest rates, presence of the bank, among others.

Charu Dhasmana

· 2,405 views

How to Use UPI in UAE?

 From 30th April, NRIs from the UAE will no longer need an India mobile number to use phone payment apps. They will be able to make instant payments using the UPI-based apps. Wondering how? That is because the National Payments Corporation of India (NPCI) and Mashreq Bank’s NEOPAY have partnered to enable UPI-based payments in the Gulf Nation. Having UPI as one of payment methods will be beneficial for the large population of NRIs residing in the UAE. In today’s blog, we will further discuss how to use UPI in UAE, process, UPI’s benefits, etc.

Charu Dhasmana

· 28,326 views

Types of Mutual Funds in India

 Investing in securities such as stocks, bonds, money market instruments, and other assets is done through a mutual fund. It is a professionally managed investment scheme that pools funds from numerous investors. Professional money managers manage mutual funds, allocating the assets in an effort to maximize investors' returns through capital gains or income. The investing objectives outlined in the prospectus of a mutual fund are reflected in the portfolio's structure and upkeep.

Manoj Negi

· 1,772 views

Federal Bank NRE Saving Account: Interest and Min Balance

 A Federal Bank NRE savings account is a type of savings account offered by Federal Bank, which is specifically designed for Non-Resident Indians (NRIs). Federal Bank NRE accounts are available in different forms to suit different financial requirements of Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). You can apply for a Federal Bank NRI account to manage your finances in India.

Manoj Negi

· 3,669 views

Double Taxation Worries Addressed for NRIs

 NRIs stuck in India as a result of the COVID-19 travel restrictions had double taxation worries that were recently addressed by the government of India. Authorities have asked such non-residents who faced double taxation in the due course of their stay in India to submit the relevant information by the end of March. As a result of the Double Tax Avoidance Agreement (DTAA), “there shouldn’t be any situation under which the individual taxpayer would be under a hardship of having double taxation in two countries due to the Covid-19 situation” iterates Nishit Parikh, the partner, direct tax and regulatory services at Sudit K. Parekh & Co, a Mumbai-based chartered accountants firm.

SBNRI Team

· 10,984 views

HDFC NRI Account Opening in Saudi Arabia

 Non-Resident Indians can open an NRI bank account with HDFC Bank, one of the most reputed and leading private sector banks in India. The bank offers a variety of services to NRIs from banking to investment to loan. HDFC Bank offers two types of savings bank accounts namely NRE and NRO accounts for NRIs. This article will guide you through the process of HDFC NRI account opening in Saudi Arabia, ensuring that you have all the necessary information before starting the process.

Charu Dhasmana

· 5,225 views

Best NRO Accounts in India for NRIs: Online Application

 India has a large population of Non-Resident Indians (NRIs) who often need to manage their finances back in India. One of the best ways to do this is through a Non-Resident Ordinary (NRO) account. With a large number of banks operating in India, it might be confusing for you to find the right bank to open an NRO account with. In this blog, we will take a look at the 10 best NRO accounts in India for NRIs, their features, and what sets them apart from the competition.

Manoj Negi

· 3,504 views
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