Kotak NRI FD Rates 2023: Book your NRI FD Today

Kotak NRI FD Rates 2021: NRI Fixed Deposits are one of the best investment options for Non-Resident Indians to multiply their savings. Kotak Mahindra Bank offers primarily three types of NRI Fixed Deposits – NRE, NRO and FCNR – for its NRI customers. These FD accounts offer greater returns at attractive NRI interest rates. Here is the full description of prevailing Kotak Mahindra Bank NRI FD interest rates 2021.

NRI Repatriable Demat Account: Meaning and Purpose

An NRI Demat account is a Demat account for NRIs/ PIO &OCI Cardholders to keep securities such as Stocks, Mutual Funds, Bonds, etc. in electronic format. As per RBI guidelines, NRIs have to open two separate Demat accounts - repatriable and non-repatriable account - for repatriable and non-repatriable investments. An NRI repatriable Demat account is an ordinary Demat account with a sub-status as ‘NRI Repatriable’. A repatriable account is mandatory for NRIs to invest their foreign earnings in the Indian stock market.

NRI’s Share in the Real Estate Market Doubles

Following the Covid-19 pandemic, the Indian real estate market has witnessed a significant increase in the number of non-resident Indians (NRIs) looking to invest in property in India. The NRI's share in the real estate market doubles, with nearly 20 percent of sales for numerous real estate developers coming from foreign sources. In this blog we will find out the various reasons for the increase in NRI investment in Indian real estate.

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