NRI Quota: Eligibility | List of Colleges | Documents Required

With the gradual increase in the number of footfalls of students from all around the globe, India has carved a separate niche in the education segment and has slowly turned into a hub. In the past, India has given the world some of the oldest universities such as Nalanda or Taxila. With time, the education system, the research capabilities and the number of universities have grown with open arms welcoming people from all geographies to learn and innovate. India has over 900+ universities and 40,000+ colleges nationwide. The Government of India (Ministry of Overseas Indian Affairs) has some seats reserved under the NRI Quota for NRI students and foreign nationals to attract more students.

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.

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.

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.

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