Nro News

The National Electronic Fund Transfer or NEFT has emerged as the fastest and most easiest way to remit money. It has cut across geographical barriers and you can remit money to even the smallest of towns and cities in India. Can ...

Fixed deposits by Non Residents Indians (NRIs) is rather popular. There are various types of fixed deposits, including the popular NRE Deposits, FCNR (B) deposits and the NRO Deposits. NRO Fixed deposits attract a TDS of 30.9 per cent. So, ...

Foreign Currency Non Resident Deposits (FCNRB) can be opened by a Non Resident Indian (NRI), though there are certain restrictions on them. These deposits are popularly called (FCNR) B Deposits and can be held only in foreign currency. NRIs and PIOs ...

A non resident Indian for the purpose of Income Tax is one who has stayed outside the country for more than 182 days. The often asked question by Non Resident Indians (NRIs) is: Should I file income tax returns in India? ...

Foreign nationals visit India either as tourists or many have a valid visa, as they come to work in India as diplomats or for whatsoever reason. Tourists as well as foreign nationals can open a bank account in India, although the ...

Any person resident outside India may open NRO account with an authorised dealer or an authorised bank for the purpose of putting through bona fide transaction in rupees. NRO accounts can be opened in the form of current, savings, recurring ...

In the last one year, the Sensex has risen sharply by 50 per cent and the interest in mutual funds has increased manifold. In fact, every class of investor is now looking at mutual funds, given the fact that some ...