Just like Resident Indians, Non Resident Indians (NRIs) can also avail housing loans from banks to buy property in India. Here are some of the frequently asked questions: What kind of property can I buy with NRI home loan? They can purchase a residential house either under-construction or on resale, can even take loan for …
Complete Guide to NRI Home Loans Read More »
A Non-Resident Ordinary Rupee (NRO) account is a savings or current account held by NRIs in India in order to manage their income earned in India. NRO account-holders can deposit and manage their accumulated rupee funds without any hassle with this account. The account allows NRIs to receive funds in Indian or foreign currency. One …
How much money can you remit from NRO account Read More »
Whether you want to buy a new or resale property or sell one, you will need a checklist of essential documents to fructify the deal. For an NRI investor interested in buying or selling property in India, understanding the intricacies of property transactions in India is important, but without the correct documentation, you’d be faced …
Documents needed for NRIs to Buy and Sell Property in India Read More »
Most people migrate to other countries in search of better opportunities. With their family and friends back in their own country, most of them harbour the dream of returning. Indians are no different. Most of the Non-Resident Indians (NRIs) have dependents back here. In such scenarios, to achieve the dream of returning and living well, …
All you need to know about NRI investing in Mutual Funds Read More »
Just like regular residents, Non Resident Indians (NRIs) can also open a National Pension System (NPS) account. It provides tax breaks of up to Rs 1.5 lakh under Sec 80C and Rs 50,000 under Sec 80CCD(IB). For an NRI to open an NPS account online, he should have a PAN card and a bank account. …
How NRIs can open NPS account online Read More »
The Election Commission of India has opened registration for Non-Resident Indians to apply for voting rights. Indian citizens of 18 years and above, living overseas, who have not acquired any other citizenships, are eligible to vote can now visit the ECI website and register for voting rights. Procedure for NRIs to register for voting On …
Guide: How NRIs can register to vote in India election Read More »
Changing economic scenarios and a shortage of jobs in the country have made many Indians migrate to other affluent countries in search of better economic scenarios and job opportunities. According to a report released by the World Bank, India is found to be the highest receiver of foreign funds across the world. As of April …
5 Income Tax Rules NRIs Must Know Before Making Investments in India Read More »
UPDATE (28 Nov 2018): The decision to make ECNR registration mandatory for Indians flying to these countries on employment visa has been postponed until further notice. The article below had been published on 25 Nov 2018 and does not reflect the update. According to a recent advisory from Ministry of External Affairs, all Indians travelling …
ECNR Registration for NRIs: 12 Questions Answered Read More »
When a person becomes a Non Resident Indian (NRI), he is required to either close his existing savings account, or convert it to a Non Resident (Ordinary) or NRO account. Most individuals make a mistake of continuing a resident savings account even after becoming a NRI but the law does not allow it. As per …
Why and how you should convert Savings Account to NRO Account Read More »
A PAN (Permanent Account Number) card is a unique 10 character code that is assigned to all tax paying entities in India. Issued by the Income Tax Department, the card links all transactions that attract tax under a single source, making it convenient for the government to keep track of these. A PAN card is …
Benefits of PAN card for NRIs and how to get it online Read More »