Sukanya Samriddhi Yojana for NRI: Get Expert Advisory

 Sukanya Samriddhi Yojana for NRI: Sukanya Samriddhi Yojana (SSY) is a government savings scheme as a part of the Beti Bachao, Beti Padhao Yojana by the Government of India. The scheme enables guardians of any Indian girl below the age of ten years to open a savings account with a minimum deposit of INR 250 per year. The Sukanya Samriddhi account remains operative for 21 years from the date of its opening or until the girl child gets married after the age of 18 years. Sukanya Samriddhi Yojana interest rate is revised on a quarterly basis and the current interest rate is 7.6%*.

Manoj Negi

· 111,716 views

Axis Bank Credit Card for NRI: Discover their Banking Services

 Axis Bank is a reputed bank and the third largest private sector bank in India. The bank provides a large number of NRI services, such as NRI bank accounts, FD, loans, etc. Axis Bank NRI banking services include a wide gamut of services that cater to different requirements of NRIs ranging from planning to go abroad, to living abroad to relocating to India. The bank gives a lot of useful advice for NRIs in addition to providing services that are all encompassing.

SBNRI Team

· 21,142 views

Form 15CA and 15CB for Remittance of Money to NRIs

 Many Non-Resident Indians have money in India that they want to send abroad to their overseas account. Outward Remittance or Repatriation is the answer to the question “How can NRIs send money abroad from India?”. As we have established earlier under Non-Residents and their Bank Accounts that NRIs can maintain the income generated from India such as rent from property, pension, gains from investments etc. in their Non-Resident Ordinary (NRO) Account. Now, this money can be transferred to their overseas bank Account following the regulations of Reserve Bank of India (RBI). This process of sending the money generated in India to the overseas bank accounts of the NRIs is called Repatriation and the medium through which the funds are transferred is called Outward Remittance. In this article we will understand this medium of repatriation in detail

SBNRI Team

· 94,221 views

Section 195 of Income Tax Act – TDS on NRIs

 Section 195 of the Income Tax Act, 1961, outlines the provision for TDS in cases where an individual makes a payment, such as interest or any other non-salary amount, to a Non-Resident Indian (NRI) or a foreign company. NRIs, who earn income in India, are also required to file their tax returns in India. Additionally, they have the option to claim the TDS amount deducted when they file their tax returns. Continue reading for further information regarding Section 195 of Income Tax Act.

Charu Dhasmana

· 7,600 views

Indian Mutual Funds for NRIs from USA / Canada

 Unlike NRIs from other countries, USA/Canada NRIs are faced with certain cumbersome compliance requirements under FACTA (Foreign Account Tax Compliance Act) to invest in mutual funds in India. Nevertheless, many mutual fund houses allow NRIs based in the USA and Canada to invest in India in a hassle-free manner, but the options are limited. Let’s look at the mutual funds for NRIs from USA/Canada to invest in India.

Manoj Negi

· 42,940 views

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