Special Provisions Claimed by NRIs [Section 115C to 115I]

As a Non-Resident Indian (NRI), there are several special provisions available to you under the Income Tax Act, 1961. These provisions can be found in sections 115C to 115-I of the Act. These are designed to provide you with various tax benefits and exemptions. In this blog, we will take a look at the special provisions claimed by NRIs under Section 115C to Section 115I.

Charu Dhasmana

May 5, 2023 · 5,697 views

Axis Bank NRI Customer Care Service

Axis Bank offers an array of NRI banking and financial services including NRI bank accounts, NRI fixed deposits, loans, insurance products, etc. The bank operates through a network of 3300 branches in India and 9 international offices to cater to the banking needs of Indian and NRI customers. The bank provides one of the best NRI customer care services in the industry. For any information regarding NRI products and services such as Axis Bank NRI account, debit card, etc. you can contact Axis Bank NRI customer care team.

SBNRI Team

May 4, 2023 · 23,656 views

HDFC Bank NRI Account Opening Online

HDFC Bank, a reputed and leading private sector bank in India, is one of the most preferred banks by NRIs for banking services back home. HDFC bank offers a variety of NRI services from banking to investment to loan. NRIs and PIOs need to open an NRI bank account to manage their income and investments in India. HDFC NRI accounts include savings accounts, current accounts and salary accounts. You can open an HDFC NRI account online or visit the nearest branch of HDFC Bank in India for the same.

Manoj Negi

May 4, 2023 · 39,057 views

5 Differences Between NRI and NRE Account

Once your residential status changes to NRIs, you need to open an NRI account to meet your transactional requirements in India. There are two types of NRI savings accounts - NRE and NRO savings accounts - and three types of NRI fixed deposit accounts - NRE, NRO and FCNR FD accounts. Let’s understand the difference between NRI and NRE accounts.

Manoj Negi

May 3, 2023 · 13,963 views

Understanding TCS on Foreign Remittance

The Financial Act 2020 has added Sub-section (1G) in Section 260C of the Income Tax Act 1961. The provision to collect tax on remittance was introduced in the Finance Act 2020. Tax collected at source (TCS) at the rate of 5% shall be imposed on the money sent outside India under the Liberalised Remittance Scheme (LRS) of the RBI. The new income tax rule has been effective from 1 October 2020. Here’s all you need to know about the new tax rule and how NRIs can save TCS on foreign remittance.

Manoj Negi

May 3, 2023 · 181,982 views

NRO to NRE Fund Transfer: Ultimate Guide 2023

Too many questions surround the aspect of NRO to NRE Fund Transfer and make up the doubt pool of NRIs. The concept of NRO to NRE Money Transfer requires knowledge of both these NRI Banking Accounts in particular and understanding the underlying aspects associated with the fund management of these accounts. So, in this article we will guide you through the prospect of NRO to NRE Fund Transfer.

SBNRI Team

May 3, 2023 · 152,396 views

What is NRE Account: Benefits and account opening process

A large number of Indians move abroad for jobs and become NRI over a period of time. As per the Foreign Exchange Management Act (FEMA), an NRI can’t operate a regular bank account in India. They need to open an NRE account to transfer and maintain their foreign earnings in India. Let’s understand everything about NRE savings accounts, such as opening process, interest rates and rules.

Manoj Negi

May 2, 2023 · 13,480 views

Yes Bank NRO Savings Account: Features and Benefits

Yes Bank NRO Savings Account is a specially designed savings account for Non-Resident Indians (NRIs) to manage their deposits or income earned in India such as dividends, pension, rent, etc. In this blog, we will discuss the features and benefits of Yes Bank NRO Savings Account.

Charu Dhasmana

May 1, 2023 · 3,616 views

NRI Account for Indians in USA: Top Banks for NRI Account 2023

Both public sector and private sector Indian banks are present in the USA. In addition, Indian banks also have subsidiaries in the US to offer banking services to NRIs in the USA. Key banking and financial services offered to NRIs include various NRI accounts, investments, remittances, online account opening, etc. Some of the banks that provide an NRI account for Indians in the USA are SBI, HDFC Bank, ICICI Bank, Axis Bank and HSBC Bank.

Manoj Negi

May 1, 2023 · 64,925 views

RBL Bank NRE Savings Account: Online Application Process

RBL Bank, one of the fastest-growing private sector banks in India, offers a wide range of banking products and services for NRI customers. Among these offerings is the RBL Bank NRE (Non-Resident External) Savings Account, designed specifically for non-resident Indians (NRIs) who wish to maintain their foreign earnings in Indian Rupees while residing abroad. This article delves into the different aspects of the RBL Bank NRE Savings Account.

Manoj Negi

April 28, 2023 · 3,997 views

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