Zero Balance NRI Account in India

 NRIs who want to have a savings account in India, cannot operate a regular resident savings account. They need to open an NRI bank account to execute banking transactions in India. Although there are many banks you can open an NRI account with, the minimum balance required in a savings account varies from bank to bank. For example, some banks provide the facility of zero balance NRI account opening, but others require NRI to deposit minimum balance at the time of account application and maintain monthly/ quarterly balance in the account.

Charu Dhasmana

· 6,360 views

NRI Life Insurance – FAQs (Frequently Asked Questions)

 NRIs can get life insurance plans in India offered by insurance companies, such as SBI Life Insurance for NRIs, LIC NRI Insurance Plans, Max Life Insurance, HDFC Life Insurance, etc. While searching for life insurance in India, NRIs are faced with an array of questions related to eligibility, cost of the insurance, premium payment, medical examination, NRI accounts, KYC procedure, documentation, etc. Here are the answers to common questions asked by NRIs (NRI Life Insurance - FAQs).

SBNRI Team

· 12,241 views

ICICI Bank NRI Account Opening: Open NRI Account Effortlessly

 ICICI Bank is one of the top private sector banks of India with a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 other countries. The bank has branches in the United States, Singapore, Bahrain, Qatar, Oman, Singapore, Dubai and South Africa, and subsidiaries in the United Kingdom and Canada. ICICI Bank offers a wide range of NRI Banking products and services including savings accounts, fixed deposit accounts, money transfer services, and a lot more. NRIs can open an ICICI Bank NRI account at the nearest ICICI branch in India and abroad, or they can request for opening an NRI account through an online application.

Manoj Negi

· 36,556 views

NRI Account Opening Online – Top Banks for NRI Account

 A lot of NRIs reach out to the internet to open NRI Account. The basic motive is to understand and explore ways of NRI Account Opening online and in that quest they end up being consumed into call backs and becoming leads for banks. The actual process is often not spoken about along with the hardships that exist throughout the process. In this article, we have broken the NRI Account opening process into 5 simple steps and have provided the perfect alternative if the process still seems exhausting. Let’s take a look:

Manoj Negi

· 22,931 views

HDFC Securities NRI Trading Account 2023

 HDFC Bank is a leading private sector bank in India and offers trading and investment services to NRI customers who want to invest in India’s Stock Market. HDFC Securities NRI Trading Account is an integrated NRI trading account that consists of an NRI trading account, NRI Demat account and NRI bank account linked together to facilitate smooth and fast online transactions. HDFC NRI 3-in-1 account enables NRI customers to trade online in securities in India and transfer funds from bank to trading account. Products offered by HDFC for NRIs include mutual funds, equity, equity F&O, IPO, ETFs, and bonds and NCDs.

Manoj Negi

· 15,648 views

Can NRIs Avail of any Tax Deductions?

 We are all aware that the Indian economy is based on taxes paid by the citizens of India. NRI taxation under the The Indian Income Tax Act, 1961, applies to those people who make money outside of their place of residence. The income tax rules and benefits allowed to NRIs are different from those which the Indian residents are subjected to. In this article, we will discuss the NRI taxation system in India, details of their taxable incomes and if NRIs can avail of any tax deductions.

Charu Dhasmana

· 6,123 views

PAN Application Form 49AA: PAN Card for Foreign Citizens

 For the purpose of paying income taxes and obtaining government benefits, every person who earns money is given a Permanent Account Number (PAN), a 10-digit alphanumeric number. Form 49AA for PAN Cards is primarily an application used by non-Indian citizens and non-individual businesses founded outside of India. In this article, we will share everything you need to know about PAN card application form 49AA.

Charu Dhasmana

· 14,469 views

SBI NRI Home Loan 2022-23: Interest Rate & other Charges, Eligibility

 SBI NRI Home Loan: Owning a home in India is a matter of pride, emotion and comfort for Indians living abroad. Buying a home in India connects NRIs to their roots. This is the reason most Noon-Resident Indians wish to purchase a house in India. However, due to a shortage of funds, it may be a little difficult to purchase a home for Indians living abroad. Considering this, multiple banks and NBFCs (Non-Banking Financial Companies) offer a home loan for NRIs.

SBNRI Team

· 39,598 views

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