SBI Singapore Branches List: Address, Contact Details

 State Bank of India started operations in Singapore in 1977 with an offshore banking license. SBI Singapore operates through a network of 5 retail branches, 19 SBI ATMs and over 200 ATMs via the shared island wide ATM5 network. The bank offers a suite of retail and corporate banking products to service all types of customers. People living in Singapore, including NRIs, can visit any of SBI Singapore Branches to avail various banking services.

Manoj Negi

· 18,037 views

NRI Mutual Fund: The Basic 2024 Guide

 Suppose there are four friends who want to buy a 12 piece box of chocolate priced at Rs.100/- but all of them have Rs.25/- only. They decide to pool their money and buy the box and then distribute 3 chocolates each based on their contribution. This is a very basic model on which Mutual Funds operate. NRI Mutual Fund is a very sought after investment vehicle in India and under this asset class, NRIs face a lot of difficulties. In this article, we will tackle these difficulties one by one.

SBNRI Team

· 12,677 views

NRI Mutual Fund Taxation in India 2024 Explained

 India is a rapidly growing country and a great place to invest. It is convenient to invest from any part of the world as funds can be managed online from anywhere. NRIs can invest in mutual funds in India, as long as they comply with the rules of the Foreign Exchange Management Act (FEMA). Mutual funds are particularly popular because they allow access to more complicated financial markets, diversification, professional management and liquidity. NRIs can start with equity funds, debt funds or hybrid funds depending on their goal and appetite for risk. Knowledge about Indian tax rules is essential to getting the complete perspective to Investments in India. The following are the details of taxation for NRI mutual fund investors.

Vivek Yadav

· 17,908 views

NRE Fixed Deposit Rates 2024: Top Banks for NRE FDs

 Fixed deposits are one of the most preferred investment options in India because of the nominal risk and guaranteed returns. Like resident Indians, Non-Resident Indians (NRIs) are also investing in NRI (NRE, NRO & FCNR) fixed deposits to save and manage their foreign income in India. NRE fixed deposits are similar to regular term deposits, opened using NRE accounts. All NRIs and PIOs can invest in NRE FDs in India. Indian banks and NBFCs (Non-Banking Financial Companies) offer attractive NRE Fixed Deposit rates, which are virtually tax-free.

Manoj Negi

· 32,622 views
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