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

· 67,447 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

· 5,826 views

How can NRIs file TDS Returns on Sale of Property in India?

 The process of selling a property in India can be complicated for Non-Resident Indians (NRIs), especially when it comes to complying with Indian income tax laws. NRIs selling property in India are required to file TDS returns, and failure to comply with these regulations can result in penalties. If you are an NRI looking to sell a property in India, it is essential to understand how NRIs can file TDS returns on sale of property in India. In this blog, we will outline the process of filing TDS returns for NRIs.

Charu Dhasmana

· 3,897 views

South Indian Bank NRE Savings Account: Online Application

 South Indian Bank NRE Savings Account is exclusively designed to cater to the banking needs of Non-Resident Indians (NRIs) and Person of Indian Origin (PIOs) who wish to maintain their foreign currency savings in Indian Rupees. Interest earned on an NRE savings account is not taxable in India. In this article, we'll explore the features and benefits, account opening process, documents required, interest rates, and minimum balance requirements of the South Indian Bank NRE Account.

Manoj Negi

· 6,465 views

5 Investment Options for NRIs from Singapore

 There are various investment options for NRIs based out of Singapore to invest in India. Whether it's managed farmlands, mutual funds, stocks, commercial real estate or government bonds, there are plenty of choices to suit different investment goals and risk appetites of investors. In this blog, we will take a closer look at the top 5 investment options for NRIs from Singapore and discuss in detail about them.

Charu Dhasmana

· 2,997 views

Things NRIs should Keep in Mind When Investing in Mutual Funds

 Before a few years, NRIs would only invest in fixed deposits and real estate. Since India is on its way to becoming a superpower in the world economy, NRIs have already started exploring other investment options in India, such as mutual funds, liquid funds, direct equity, bonds and government securities, etc. Investing in mutual funds gives NRIs opportunities to build a diversified portfolio of equity and debt in India, their home country. The investment process is online, can be done at any time and from anywhere. Moreover, NRIs can easily offset the losses on one currency with the gains on the other, from the comfort of their home. As an NRI investor, you need to abide by certain limitations and rules for safe and profitable investment. Here are things NRIs should keep in mind when investing in mutual funds in India.

SBNRI Team

· 11,646 views

Closer Scrutiny on Tax Filings of NRIs

 The income tax department is closely examining the tax filings of non-resident Indians (NRIs) due to suspicions that some may have failed to pay the required taxes. Numerous NRIs have reportedly received notices from the tax authorities asking them to correlate the funds in their bank accounts or investments made by them, with the incomes reported in their tax filings. In many cases, these notices have been sent under Section 148(A) of the Income Tax Act, indicating that the authorities believe that certain income has escaped assessment and that more tax may be due.

Charu Dhasmana

· 5,195 views

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