As the clock ticks down to the final moments of 2023, Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) worldwide eagerly anticipate the arrival of the New Year. For those living away from their homeland, celebrating the transition to a new year can hold a unique significance. In this pursuit of celebration, reflection, and contribution, NRIs/OCIs can seize the opportunity to embark on a journey of new beginnings, enriched by the spirit of service and a focus on financial prosperity. Let’s take a look at how NRIs/OCIs can make the most of their New Year celebrations 2024.
5 Things to do this New Year 2024 as NRI/OCI
Cultural Fusion and Reunions
Combine the vibrancy of your Indian heritage with the customs of your host country. Organize a cultural fusion celebration that incorporates elements from both worlds. This could involve a diverse menu, music that blends genres, and decorations that showcase the beauty of cultural diversity. Connect with your loved ones in India via video calls to share laughter, stories, and the excitement of welcoming the New Year 2024.
Service and Celebration
Combine New Year celebrations with a spirit of giving back by engaging in community service or charitable activities during the holiday season. This could include organizing community outreach events, supporting educational initiatives, facilitating cultural exchange programs, participating in environmental stewardship projects, promoting health and wellness programs, and collaborating with local NGOs. NRIs/OCIs can celebrate the New Year by making a positive impact in their host communities.
Start with your NRI Bank Account
New Year celebrations are an opportune time for NRIs to open NRE and NRO accounts. NRIs can open NRI bank accounts to deposit their foreign earnings or income originating in India. NRI accounts are also needed to conduct transactions like remittance to residents, NRI investment in India, payment of financial obligations, etc. A robust financial start not only establishes stability but also opens avenues for wealth creation and strategic investments in the coming year.
Also read: 10 Best NRE Accounts in India for NRIs 2023: Online Application
New Beginnings in Finance
View the New Year 2024 as a gateway to financial empowerment. Consider initiating investments and revisiting portfolios with a focus on India. This could involve exploring opportunities for NRIs/OCIs that align with personal goals and contribute to long-term wealth creation. For NRIs/OCIs, investments across different asset classes such as mutual funds, debt securities, fixed deposits, commercial real estate, micro-VC can be the perfect New Year start.
Also read: NRI Investment in India: 10 Investment Options for NRIs in India 2023
Gift Money to your Loved Ones
NRIs from the US, UAE, Saudi Arabia, Canada, Qatar, UK, Kuwait, Oman, Germany, France, Australia, and China are the top countries from where remittance money comes to India. There are several ways to transfer money to India online as well as offline. You can also send money to India effortlessly with the SBNRI App! Download the app now and experience the smoothest remittances to India.
Wrapping Up
As NRIs/OCIs step into 2024, embracing new beginnings becomes a holistic journey encompassing culture, reflection, community, and finance. May this year bring forth not only joyous celebrations but also an enriching tapestry of experiences. By combining cultural roots with forward-thinking financial decisions, NRIs can chart a course for a prosperous year ahead, filled with growth, abundance, and the fulfillment of new aspirations. Here’s to a year of purpose, prosperity, and the unfolding of exciting chapters in the book of life. Happy New Year!
This New Year Invest in India as NRI/OCI with SBNRI
NRIs can now download the SBNRI App and choose to invest in different investment options in India with ease. You can also get detailed investment advice from experts at SBNRI. Also, visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
