PNB FCNR Rates: Tax-Free Investment for NRIs

Foreign Currency Non-Residential (FCNR) fixed deposit accounts have become increasingly popular among NRIs seeking to invest their foreign earnings in India. Punjab National Bank (PNB), one of the leading public sector banks in India, offers competitive FCNR rates to its NRI customers. In this blog, we will discuss PNB FCNR rates, along with the benefits of investing in FCNR FD accounts with Punjab National Bank.

Charu Dhasmana

July 2, 2023 · 10,186 views

PNB NRI Account – Interest Rate, Minimum Balance

Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can apply for a PNB NRI account for depositing their overseas income and income sourced in India. NRIs can open two types of NRI accounts - NRE and NRO savings accounts.

Manoj Negi

July 1, 2023 · 9,444 views

Key Changes in LRS and New TCS Rates to Apply from October-23

Recently, certain changes were announced in the Union Budget 2023-24 pertaining to the tax collection mechanism known as Tax Collection at Source (TCS). These changes specifically affect payments made under the Liberalised Remittance Scheme (LRS) and transactions involving overseas tour program packages. In this blog, we will understand the important changes in LRS and TCS for NRIs.

Charu Dhasmana

June 30, 2023 · 5,373 views

Tax for NRI on Indian Income and Investments in 2022-23/2023-24

Taxation has always been a confusing subject. Let’s understand the fundamentals of NRI Income Tax in this article step by step. We will guide you through the taxes you have to pay and not pay being an NRI.

SBNRI Team

June 30, 2023 · 18,559 views

How to Open NRO Account Online?

Non-Resident Indians (NRIs) often come across the need of opening a Non-Resident Ordinary (NRO) account in India to manage their income earned in India. In this blog, we will provide you with a step-by-step guide on how to open an NRO account online, ensuring convenience and ease for NRIs.

Charu Dhasmana

June 28, 2023 · 6,127 views

Repatriable and Non-Repatriable Investments by NRIs

As per the Foreign Exchange Management Act (FEMA) of RBI, NRIs can make repatriable and non-repatriable investments in India. The Transfer or Issue of Security by a Person Resident outside India or TISPRO Regulations allow NRI and OCI investors to invest into the capital instruments of Indian companies on repatriation and non-repatriation basis.

Manoj Negi

June 27, 2023 · 16,148 views

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.

SBNRI Team

June 27, 2023 · 14,863 views

NRI Non-Repatriable Investments Explained

NRIs have the option to make non-repatriation investments in India utilizing funds from their NRO bank account. With such investments, the funds cannot be easily transferred to the NRI's country of residence or converted into foreign currency. In this blog, we will shed light on the NRI non-repatriable investments.

Charu Dhasmana

June 24, 2023 · 8,522 views

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.

Manoj Negi

June 24, 2023 · 19,756 views

Documents Required for NRI Demat Account

Like resident Indians, NRIs who wish to invest in Indian stocks need to open a Demat account. However, opening a demat account can be challenging for NRIs as they need to follow Foreign Exchange Management Act (FEMA) guidelines. When applying for a demat account, NRIs need to submit certain documents.

Manoj Negi

June 23, 2023 · 6,034 views

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