Canara Bank NRI Account Opening in UAE

 Canara Bank is one of the leading public sector banks in India. It offers a range of banking services such as online banking, NRI investment services, fixed deposits, remittance to India, etc. to NRIs (Non-Resident Indians) living in various parts of the world. If you are an NRI living in the UAE, you can open a Canara Bank NRI account in UAE to manage your finances and investments back home. This article is for the individuals who want to apply for Canara Bank NRI account opening in UAE.

Charu Dhasmana

· 20,504 views

Axis Bank NRE Account: Application Process & Interest Rates

 Axis Bank is one of the leading banks in India that offers Non-Resident External (NRE) accounts for NRIs (Non-Resident Indians) to manage their finances in India. Axis Bank NRE accounts are a type of savings account that allows NRIs to save and manage their money in INR (Indian Rupees). There is no tax in India on interest earned on an NRE account. Let’s find out more about Axis Bank NRE account, including interest rates, application process and minimum balance requirements.

Manoj Negi

· 12,862 views

Mutual Funds for NRIs from UK to Invest in India

 NRIs are spread across the world from the Middle East to the UK and the USA. There are about 3.25 lakh NRIs living in the United Kingdom. Once they begin earning a decent income, Indians living abroad explore investment options for NRIs in India. Mutual funds are a great option to earn higher income as compared to traditional investment options. There are some important guidelines and rules that need to be followed to invest in mutual funds in India for NRIs. UK-based NRIs are also required to adhere to rules set by the Foreign Exchange Management Act (FEMA) to invest in NRI mutual funds.

Manoj Negi

· 20,450 views

DBS NRI Account Opening: Types & Application Process

 NRIs who need to open an NRI bank account can do so with DBS Bank India Limited, a subsidiary of DBS. It offers a variety of NRI services from banking to investment to loan. A DBS NRI account will help NRIs to manage their finances and investments in India. These accounts come with a range of features and benefits, such as high-interest rates, free remittance services, and a dedicated relationship manager to help manage the account.

Charu Dhasmana

· 11,259 views

10 Best International Mutual Funds in India (2023)!

 International mutual funds are funds, which predominantly invest in stocks of companies listed out of India, such as Google, Facebook, Apple, Amazon, Barclays, Deutsche Bank, Novartis, etc. Also known as foreign funds, many international mutual funds are fund of funds schemes. Due to volatile local markets and ups and downs in an economy, international mutual funds have become popular among investors in the past few years. Here are the 10 best international mutual funds for individuals looking to participate in the international market. Residents as well as NRIs can invest in these funds.

Manoj Negi

· 39,512 views

Investment Options for NRIs from the UK

 As an NRI (Non-Resident Indian) living in the UK, you may be looking for investment options that can help you grow your wealth in India and achieve your financial goals. With the host of investment avenues available in India, it can be overwhelming to determine the best investment options for NRIs from the UK. Today, we will discuss some of the best NRI investment options available in India, including NRI mutual funds, fixed deposits, real estate, stocks, and many more, so that by the end of the blog, you will have a better understanding of the investment landscape in India and be equipped to make informed investment decisions that align with your financial objectives.

Charu Dhasmana

· 8,296 views

Repatriation of Funds from India to Abroad

 Repatriation means the transfer of funds from an Indian account to a foreign bank account. NRI repatriation should be made in compliance with guidelines set by the FEMA (Foreign Exchange Management Act). NRIs can use NRE/NRO/FCNR bank accounts to hold and repatriate their funds from India to their foreign bank accounts, subject to the regulations of the Reserve Bank of India (RBI). If you want to know in detail about NRI repatriation of funds from India to abroad, then this article is for you. The article also covers the mode of repatriation, documentation, and reporting requirements for NRIs.

Charu Dhasmana

· 9,784 views

Penalty for Not Declaring NRI Status

 Indian residents move abroad because of various reasons like employment, business, study, or other purposes. When these residents stay abroad for a particular period of time, their status changes to NRI. When your residential status changes to NRI, you must comply with rules and regulations defined by FEMA (Foreign Exchange Management Act) as failing which will result in financial and legal penalties. For example, NRIs can’t operate a regular savings account and need to open an NRI account. Moreover, tax rules are slightly different for NRIs. However, there is no penalty for not declaring NRI status.

Charu Dhasmana

· 34,254 views

Want to read more?

Get ready to be enlightened!

    Copy link
    CopyCopied
    Powered by Social Snap