There are no direct provisions to change citizenship in a Pan Card as the PAN Card doesn’t display your citizenship. It is a document required to file taxes, carry out investments and do transactions in India whether you are a citizen, NRI or OCI.   To change the citizenship in a PAN card, you need […]

Latest FCNR Deposit Interest Rates (USD) August 2023     What is an FCNR Account?   A Foreign Currency Non-Resident or FCNR Account is a term deposit account in India for an NRI. It can be maintained in foreign currencies such as USD, GBP, EUR, etc. for a fixed tenure ranging from 1 to 5 […]

  PIO or Person of Indian Origin; is a person with foreign citizenship who has an Indian origin. The factors that define the term “Indian Origin” are: A person who was born in India A person who at any time, held an Indian Passport or An individual who is either a citizen of India or […]

NRI Status 2023: NRI status can be attained by an Indian Citizen if he/she stays overseas for more than 182 days in a financial year. However, new rules for NRI taxation in India are introduced to determine the residential status of an individual during that financial year.      Calculating your NRI Status 2023 To […]

There are multiple options to send money from Saudi Arabia to India. Refer the table below for the time taken for sending money from Saudi Arabia to India and choose the best suited medium for yourself.     *Money Transfer Operators: Money transfer operators (MTOs) are financial companies (but usually not banks) engaged in cross […]