Federal Bank NRI Customer Care

Federal Bank is one of the most popular Indian banks among NRI customers for a wide spectrum of NRI banking products and services, including NRI savings bank accounts, fixed deposits, loans, remittances, and many investment services. NRIs who wish to raise any query regarding the bank or its products can contact the Federal Bank NRI customer care team.

Manoj Negi

May 17, 2023 · 13,076 views

Best NRI Account in Kerala: Features and Benefits

A large number of Keralites migrate abroad for education and employment. Living out of India, they need to open an NRI bank account to save and manage their overseas as well as Indian earnings in a bank in India. In this blog, we will delve into the best NRI account in Kerala along with their features and benefits.

Charu Dhasmana

May 17, 2023 · 8,778 views

Tax on NRI Business Income in India: Section 44DA of IT Act

India's economy has been witnessing an increasing trend of Non-Resident Indians (NRIs) venturing into business activities within the country. Section 44DA of the Income Tax Act, 1961 outlines clear regulations for computing taxable income and determining the tax on NRI business income in India. This article will delve into the key aspects of Section 44DA and shed light on its implications for NRIs.

Charu Dhasmana

May 16, 2023 · 3,692 views

Aadhaar Card for OCIs (Overseas Citizens of India)

An Aadhaar card is a crucial document not only for residents and NRIs, but also for OCI cardholders who plan to stay in India for a long time. An Aadhaar card for OCIs is one of the most widely used documents to complete KYC procedures for different transactions in India. Here are some of the instances where OCI Aadhaar card can come handy.

Manoj Negi

May 16, 2023 · 118,194 views

NRI Account for Indians in Australia: Top Banks for NRI Account

Australia is one of the favorite overseas destinations of Indians for employment, higher education and tourism. A large number of NRIs or people of Indian origin are living in Australia. As per the guidelines of the Reserve Bank of India, NRI and PIOs have to open an NRI account to conduct banking transactions in India. Based on their transactional needs, NRIs can open an NRE savings account or NRO savings account. Several Indian banks cater to NRI customers residing in Australia through their online and offline channels. Here are some of the best banks for an NRI account for Indians in Australia.

Manoj Negi

May 15, 2023 · 26,598 views

New Aadhaar Act for NRIs: All about Aadhaar card for NRIs

Aadhaar card for NRIs: Aadhaar card is an essential document for every citizen in India. Issued by the Unique Identification Authority of India (UIDAI), Aadhaar is a centralised system of identification via a 12-digit random number that is linked to the biometric data of an Individual. Aadhaar number is very important for availing services in India. Every resident Indian, irrespective of age and gender, needs to apply for the Aadhaar number. However, we will discuss the need for an Aadhaar card for NRIs and the procedure to avail it.

Manoj Negi

May 15, 2023 · 104,869 views

Tax Liabilities of Indian Income of NRIs

As an NRI (Non-Resident Indian), you may be wondering about your tax liability on income earned in India. It is important to understand the tax rules for NRIs as they differ from those applicable to resident Indians. Let us have a look at the tax liabilities of Indian income of NRIs, availability of tax-related deductions, filing of ITR, avoiding double taxation, and other issues.

Charu Dhasmana

May 15, 2023 · 3,495 views

Axis Bank NRI Investment Plans

Axis Bank is one of the leading private sector banks in India that offers a wide range of banking and investment products and services to its NRI customers. Some of the popular Axis Bank NRI investment plans include Axis Bank 3-in-1 account, PIS account, mutual funds, etc. Let’s understand them in more detail.

Charu Dhasmana

May 15, 2023 · 3,522 views

Why NRIs are Eyeing Commercial Real Estate in India

With the decline in Covid-19 cases, real estate has started showing signs of revival in India. Residential sales have started rising again, and the commercial real estate market is also picking up momentum in the top cities of the country, driven by the IT/ ITeS sectors. Gross office absorption stood at 4.39 million sq. ft in the 2nd quarter, showing 32% YoY growth in major cities in India as per a recent JLL report. Bulk hiring by IT/ ITeS sectors is the prime driver of the growing demand for office spaces in major cities. Offices have also started to re-open across cities and developers are bullish on the growth prospects of the commercial real estate market. This is the reason why NRIs are eyeing commercial real estate in India.

Manoj Negi

May 15, 2023 · 24,610 views

How to Avoid TCS from Foreign Remittance?

People often send money or goods to their families living in different countries, which is referred to as remittances. However, one should be aware of the tax implications associated with these remittances. Many individuals lack knowledge about how to avoid Tax Collected at Source (TCS) on foreign remittance. In this article, we will discuss how to avoid or minimize TCS on foreign remittances.

Charu Dhasmana

May 13, 2023 · 5,258 views

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