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 »
Updated on 01 July 2019 Permanent Account Number or PAN (as it is commonly called), was a measure taken by the Indian Government. The purpose was to identify various taxpayers in the country. PAN is a unique 10-digit identification number assigned to Indians, who indulge in any kind of financial activity. The system of identification, …
Should an NRI link PAN with Aadhaar number Read More »
When it comes to traveling outside of your home country, it’s extremely important to be well prepared and organized before embarking on your travels, rather than enduring the stress of having to figure things out as you go. While planning a trip abroad can be a wonderful and exciting experience, it can also be chaotic …
Travel Guide: Top 5 things to consider when traveling abroad Read More »
The changing global scenario has seen many Indians returning to the country. This amounts to change of status from Non-Resident Indian (NRI) to Resident Indian as far as money matters are concerned. NRE/ NRO/ FCNR account When an NRI comes back to India and becomes a Resident Indian, he is required to inform his bank …
Returning to India? Here's how to manage your bank account Read More »
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme. The NPS has been designed to enable systematic savings during the subscriber’s working life. It is an attempt towards finding a sustainable solution to provide adequate retirement income to every citizen of India. Since October 2015, Non-resident Indians have been allowed to open …
Complete Guide to National Pension System (NPS) for NRIs Read More »
Non-resident Indians are allowed to open Non-Resident (External) and Non-Resident (Ordinary) accounts, as well as FCNR deposits with banks. The repatriation rules for each of these is different. While NRE accounts are freely repatriable, NRO account are conditionally so. When opening an NRE account, the NRI can add a non-resident joint holder to the account. …
Guide: How to add a joint holder to a NRE/NRO account Read More »
Most NRI’s prefer to keep small amounts of Indian currency to meet their immediate expenses when they arrive in India. For the convenience of storage it is natural that these will be higher denominations like 500 and 1000 rupee notes, which unfortunately are no longer considered legal tender by Indian Government. However there is no need …
Depositing 500, 1000 Rupee notes to NRI bank account : Common Questions Read More »
UPDATED: 3 MARCH 2021 This article explains the Indian Customs limit on the amount of cash (Indian and Foreign currency) you can carry in and out of India with you. Ever since India Government announced the ban on higher denomination currencies (Rs 500 and Rs 1000) overnight, there has been lot of panic among Indians …
Travel Guide : How much currency can you carry to India? Read More »
NOTE: The deadlines for exchange of old 500 and 1000 Rupees notes have expired and hence this information may be outdated. The sudden announcement about withdrawal of 500 and 1000 Rupee notes has left many NRIs abroad looking for answers as to how could they get their old 500 and 1000 rupee notes exchanged. As of 2 January …
Guide: How NRIs can change their old 500 and 1000 Rupee notes Read More »
Though there are many reputed Indian schools in all Gulf countries, there are lot of factors a parent should consider while searching for the ideal school for children. The school should not only offer quality education but should also ensure the all-round personality development by encouraging the children to participate actively in various extracurricular activities. Needless to …
Choosing the right school for children : 10 Tips for NRI parents Read More »