Nris News

Children often settle abroad and acquire citizenship or simply go off to work as Non Resident Indians (NRIs). Many Indians send money to their parents for sustenance or just as gifts. This could be regularly every month or at other periodic ...

Over the years the opportunities to invest for Non Resident Indians (NRIs) in safe investment options has increased tremendously. There was a time when NRE deposits for example would fetch a returns of just 3.5 per cent, because interest rates ...

Among the various invest options that are currently available, we have the chit funds. After the recent Saradha chit fund scam, chit funds are looked upon as a risky way to invest. Interestingly, like domestic residents Non Resident Indians (NRIs) have ...

Non Resident Indians (NRIs) planning to invest in shares have to open a Portfolio Investment Scheme or PIS, according to RBI guidelines or else they will not be able to buy and sell shares. They can not only buy and ...

Non resident Indians have a number of options when it come to opening accounts in India, from NRE to NRE Accounts to Resident Foreign Currency or RFC Accounts. RFC Accounts are accounts that can be opened by a Non Resident Indian ...

There maybe an increase in remittance costs for NRIs and those planning to remit money from abroad to India. In Oct, the Central Board of Direct Taxes issued a circular imposing a service tax of 12.36 per cent on ‘fees or ...

Bonus or rights shares are declared frequently by companies. Bonus shares are declared from the free reserves and is a sign that a company is surely doing well. Rights shares are declared by companies when they feel it necessary to ...