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India-Canada Standoffs: What Are The Popular Investment Options Available For Canadian NRIs In India?

The relationship between India and Canada has soured over the past few days. From immediate redundancy of diplomats to visas tossed away, both the Indian and the Canadian governments are in an intense faceoff. Although India has temporarily suspended visa services ...

Reasons To Open An NRI Bank Account

Settling abroad? Excited about relocating to a foreign country but worried about managing your financial affairs in the homeland? This is one issue that perplexes most Non-Resident Indians (NRIs). The solution is simple. Just update your existing bank accounts in India ...

KYC For NRI Investors In Mutual Funds In India

As per the regulations specified under the FEMA guidelines, NRIs are allowed to invest in mutual funds in India. The process is largely simple however you can be asked to comply with few other regulations in your country of residence. But ...

Best Investment Options For NRIs After New Ruling On PPF And NSC

NRIs like resident Indians prefer investments in PPF and NSCs with a reasonable tax-saving return of 7.8% per annum currently. But recent changes to the small saving schemes including NSC and PPF that made these deposits out of bounds for an ...

What Is FCNR Account? Are FCNR Deposits Taxable?

FCNR is a good option like NRE Fixed Deposits and Non-Resident Ordinary Account (NRO) for Non-Resident Indians who would like to open a bank account in India. You can open an FCNR account jointly with other NRIs. FCNR Fixed Deposits are ...

What Is The Difference Between FCNR, NRE and NRO Account?

Non Resident Indian (NRIs) can hold and maintain FCNR, NRE and NRO types of accounts with banks in India. All the accounts differ depending on the need. Let us understand more and know when to choose between NRI vs NRO vs ...

Can NRIs moving to India continue their investment in Indian mutual fund schemes?

A non-resident Indian considering to return to India finally can surely retain his or her investment in mutual funds until the term of the scheme or as long he or she wishes. But after complying with the procedural requirements as specified ...

Treatment of FCNR and NRE deposit accounts when NRIs return to India

Foreign Currency Non-Resident account (FCNR) that is a term deposit account maintained in a foreign currency by the non-resident Indian or Person of Indian Origin can be continued till the maturity term at the prescribed rate of interest even when the ...

FIIs bought shares worth $1 bn following Raghuram Rajan's announcements

NEW DELHI: Foreign Institutional Investors (FIIs) have bought shares worth $ 1 billion in the past eight trading sessions following RBI governor Raghuram Rajan's recent announcements, a Deutsche Bank report said. According to the global financial services major, FIIs have ...

RFC account: For NRIs planning to return to India

Resident foreign currency or RFC accounts are bank accounts that enable resident Indians to maintain accounts in foreign currency. Such accounts are primarily advantageous for Non Resident Indians (NRIs) planning to come back to India as they would be able to ...

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