Nro Account News

As per India's Foreign Exchange Management Act 1999 (FEMA) an NRI is an Indian citizen or Foreign National of Indian Origin resident outside India for purposes of employment, carrying on business or vocation in circumstances as would indicate an intention to ...

There are a large number of Non Resident Indians (NRIs) that are looking for superior returns, when it comes to investment options in India. Before investing you must understand the tax implications, including income tax and capital gains tax. Here ...

It is illegal if an NRI student maintain normal resident bank accounts according to the FEMA (Foreign Exchange management Act) regulations. A student becomes an NRI if he / she stays abroad for more than 182 days in a financial year. ...

Foreign citizens on short trip to India are allowed to open and maintain a Non-Resident Ordinary Rupee (NRO) account with any of the authorized bank dealing in foreign exchange. For the same foreign tourists are required to provide the concerned bank ...

If you are an NRI and have to make a choice between remitting money into your NRO Savings Account or NRE Savings Account from abroad, always opt for the NRE account. Remember, that the interest earned in the NRE account ...