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, …
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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. …
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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 …
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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 »
There are several terms and rules associated with a passport that seems to be very complex for the masses due to use of abbreviations and varying mandatory requirements.ECR/ECNR in Indian passport is one such issue. As this status can have major implications on employment application, people would generally rely on travel agents for ECR/ECNR issues.However, …
ECR and ECNR in Indian Passport : Frequently Asked Questions Read More »
The name is the prime identity of an individual, Hence it is of utmost importance on a person’s passport.Change of a name, whether substantial or partial, must therefore be notified to the passport department in order to avoid any future complications while travelling.With the latest rules one does not have to sweat it out in …
Guide: How to change your name in Indian passport Read More »