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

· 32,114 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

· 109,077 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

· 27,669 views

5 Best Demat Accounts for NRIs [Non Resident Indians] 2022

 Indian nationals and people of Indian origin are spread across the world, especially for employment. Most of them regularly send money back in India to their loved ones or invest in the Indian market. As a result, India is the top receiver of remittance in the world. Indian economy is booming and attracting high FDI (Foreign Direct Investment) inflow. Considering this, NRIs are also looking for various investment avenues in India. To invest in the Indian stock market, NRIs need to open a Demat account. In this article, we will describe the best Demat accounts for NRIs in 2021 to invest in the Indian market.

Manoj Negi

· 112,148 views

TDS on Payment to Non Residents

 Tax Deducted at Source (TDS) serves as a method employed by the Indian government for collecting taxes directly from the source of income. In the case of payments made to non-residents, TDS plays a crucial role in regulating tax compliance. Section 195 of the Income Tax Act, 1961, outlines the TDS requirement for individuals disbursing payments, such as interest or other amounts (excluding salary), to non-resident Indians (NRIs) or foreign companies. This blog post aims to provide a comprehensive guide to understanding TDS on payments to non-residents in India.

Charu Dhasmana

· 6,344 views

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