NRIs Renting Property in India September 30, 2013 06:43
Many NRI's and PIO's purchase properties in India as an investment and perhaps with the goal ofprobably returning to India at some point of time. Instead of keeping properties vacant, renting out is an option…
Read More
Inheritance, Gifting Rules in India and US September 30, 2013 06:44
What happens when you inherit money or property or are gifted the same? Read below to learn more about the rules for inheritance and gifting in India and the USA. US Rules on Inheritance and…
Read More
Tips for NRI's Buying Property in India September 30, 2013 06:30
NRI's should be aware that courts are slow in India and cases that involve property can take decades to settle. Hence it is better to be careful to check and verify documents before purchasing property…
Read More
Best use of credit card September 30, 2013 06:39
Credit cards have different connotations for different people. Some are allergic to them, some use them to avoid carrying cash and still others see great ease and convenience in their use. I, per se, belong…
Read More
Risk free investment avenues in India for NRIs September 30, 2013 06:35
With rupee touching new lows every week, the non-resident Indians are showing keenness to repatriate money to India or invest in the country. But, by virtue of being a non-resident Indian, they are not allowed…
Read More
Can NRIs invest in shares? September 30, 2013 06:31
Yes, a Non Resident Indian (NRI) is allowed to invest without any limit on non-repatriation basis in shares and convertible debentures of Indian Companies issued either by public issue or private placement or right issues…
Read More
Who can open a foreign currency account? September 30, 2013 06:23
A person resident in India who has gone abroad for studies or who is on a visit to a foreign country may open, hold and maintain a Foreign Currency Account with a bank outside India…
Read More
What is a Resident Foreign Currency Account? September 30, 2013 06:18
Returning NRIs /PIOs may open, hold and maintain with an authorised dealer in India a Resident Foreign Currency (RFC) Account to transfer balances held in NRE/FCNR (B) accounts. Proceeds of assets held outside India at…
Read More
Indian tax laws give NRIs a raw deal September 30, 2013 06:04
There has been a continuous effort in the past decade or so to make the income tax laws simpler, consistent and taxpayer-friendly.The effort has resulted in faster processing of refunds and improving compliance. However, no…
Read More
Karnataka Bank hikes NRE deposit rates September 30, 2013 06:13
Mangalore-based private sector lender Karnataka Bank on Tuesday said it has raised its NRI deposit interest rates by 50 basis points for three years to 10 years with maturity effective from September 2, 2013. "The revised…
Read More
RFC Savings Account in ICICI Bank September 30, 2013 05:39
What is an RFC Savings Account? An RFC (Resident Foreign Currency) Savings Account is a savings account maintained in foreign currencies - USD and GBP - for NRIs who have returned to India and hold…
Read More
NRIs still holding back in hope of further plunge in rupee September 30, 2013 06:04
Luring Non-Resident Indians (NRIs) with attractive investment opportunities may be a tested way of shoring up the domestic currency during the crisis, but this time it seems like the policymakers will have to wait a…
Read More
