Being the owner of a boat is a substantial life style improver there are undoubtedly numerous activities as well as a considerable amount of excitement to be had by being the owner of a boat. Imagine all the sun you can soak up cruising, fishing, or just blissful hanging out on the boat deck watching [...]
Last week the several major newspapers released the news that Bank of America was finding “errors” in the paperwork. The Bank claimed that they found maybe 10 to 25 errors in the first 100 files reviewed; of course many are concerned over the bank’s inability to say if it was ten or eleven, or twenty-five. [...]
Need to provide a source of income to your family back in India, makes you open up an FCNR, NRE or an NRO account. You may want to save your earnings, open up fixed deposits or set up an online demat account. For all your financial transactions in various foreign currencies you need to open [...]
If you are an NRI wanting to earn income in India, you must open an NRE, FCNR or NRO accounts. These accounts will help you even in case of applying for NRI loans. You can enjoy tax exemptions on FCNR account as it is held on a repatriable basis with zero tax liability and high [...]
NRI can invest by way of capital contribution, they can invest in shares, debentures and mutual fund. A large number of NRIs are encouraged to invest in stock market, mutual funds, Certificate of deposits and other fixed deposits. Investment in insurance is also a good idea to safeguard your parents and wife at home. Real [...]
Are you an NRI looking out to invest in Indian companies? Shares, mutual funds and convertible debentures are right investment opportunities for you. Always remember to invest in convertible debentures of Indian companies. If you are of Indian origin and stay abroad you can open up FCNR, NRE or NRO bank accounts for your investment [...]
Invest in India and reap big. Investing in mutual funds and stock market are considered lucrative. The same holds good for the real estate industry too. Take prudence while investing in mutual funds, shares and debentures as they are subject to market risks. You can also consider investing in bank CDs and fixed deposits. Certificate [...]
Staying abroad does not mean staying away from your loved ones. There are various things that you can consider to make your presence felt. Firstly, create a Non Resident External account in order to have your earnings saved in that. Appoint a nominee: parents, wife or kids who can withdraw money anytime and from anywhere. [...]
Opening up an NRI account is no big deal. If you choose the online route, you will soon realize how simple the whole process is. If you are a non resident Indian, you can open up your bank account sans any lengthy documentation. You are allowed to open multiple accounts in a single application. It [...]
The type of bank account that a Non Resident Indian must possess: NRE: Non Resident external NRO: Non resident Ordinary FCNR: Foreign Currency Non Resident RFC: Resident Foreign currency RFC account can be held in US Dollars, Euros, Pound sterling. After having been a resident outside India, you may come back to settle down back [...]
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