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3 weeks, 2 days ago

Can an NRI-turned-resident freely repatriate foreign currency non-resident account FD?

When an NRI becomes a resident, can the foreign currency non-resident account FD be freely repatriated without coming under the ambit of the liberalised remittance scheme? Only an NRI or a non-resident of Indian origin is permitted to open a foreign currency account or the FCNR account as the name suggests, is a foreign currency deposit account in India. Regulations …

India Currency Fema Resident Foreign Nri Lrs

3 weeks, 6 days ago

Understanding Section 80C: Income tax benefits for NRIs and their dependents

Live Mint

My daughter is 21 years old, dependent and has no income of her own. I would like to transfer some of my incometo her savings bank account and invest in her name and through that account to save on my taxable income and tax outgo. Your understanding is not entirely correct about the eligibility of non-residents to claim deductions under …

Income Invest Nri Account Tax Savings Section 80 C Savings Bank

4 weeks ago

Ludhiana: NRI woman duped of ₹12.33 lakh

Hindustan Times

An elderly NRI woman, Amrit Rani, of Kamal Colony in Samrala has accused her daughter-in-law of “fraudulently” transferring ₹12.33 lakh from her bank account. Post her son’s demise, Amrit Rani alleged that her daughter-in-law betrayed her trust. According to the 76-year-old complainant, who had been living in the United States since 2009, she returned to India in 2022 when her …

Her Daughter Rani Woman Duped

4 weeks, 1 day ago

NRI taxation: How will a gift from cousin be taxed?

Live Mint

My wife and I live and work in France. My wife’s cousin wanted to gift her money by wire transfer after we hosted her cousin’s family recently while on their trip to France. -Name withheld on request Under foreign exchange regulations, your wife’s cousin is permitted to gift money by making a remittance to your wife’s bank account in France. …

India France Gift Wife My Wife Nri Taxation

1 month, 1 week ago

Avoid common mistakes that people make with NRI transactions

Live Mint

Non-resident Indians receive or send money to India quite often, and usually open a non-resident ordinary or non-resident external bank account, or both. View Full Image Graphic: Pranay Bhardwaj "A resident individual can transfer INR funds into an NRO account online – subject to the maximum INR transfer limit set in your netbanking – or offline. To transfer funds from …

Money Indian Transfer Shah Resident Funds Nri

1 month, 2 weeks ago

NRI investing in Indian stocks? Know about TDS on capital gains

Live Mint

I have been a non-resident Indian for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. While interest earned on NRE savings accounts is tax-exempt, this exemption applies only to interest income, not to capital gains from the sale of investments made using an NRE account. Even though the funds used to …

Indian Income Capital Gains Nri Account Accounts Gains

3 months ago

Surge in NRI Investments 2024: India’s Real Estate Market

The Hindu

A surge in NRI investments has been registered in the Indian real estate market by 15-20% over the last twenty months. Optimism in the Indian Economy leading to surge in NRI Investment: As of 2023, non-resident Indians have spent more than thirteen billion dollars on real estate. According to sources, it is anticipated that by 2025, the surge in NRI …

Real Estate Market Investments Estate Indians Nri Nris

6 months, 3 weeks ago

Do I need to report inward remittances?

Live Mint

I am an engineer working in Saudi Arabia and have been repatriating my income to India via remittances to my Non-Resident External account. —Jaydip Patel The Indian income tax law does not tax incomes that have been earned by a non-resident outside India, unless they are received directly in India. Interest earned on Foreign Currency Non-Resident and Non-Resident External deposits …

India Tax Income Nri Earned Deposits Remittance

7 months, 3 weeks ago

Non-resident Indians from the US dominate real estate sales in Bengaluru; 2BHK and 3BHK housing units most popular

Hindustan Times

Bengaluru continues to attract non-resident Indian buyers who account for almost 15% of housing sales in the city. Preferred investment options in Bengaluru The most preferred investment options are 2 and 3 BHK apartments, comprising 78% of sales. NRIs account for 15% of housing sales in Bengaluru According to Nesara B S, chairman, Concorde, NRI buyers account for almost 15% …

Real Estate Bengaluru Indian Sales South East North

1 year, 1 month ago

Single NRI Australian father gets custody of surrogate child

Hindustan Times

The Punjab and Haryana high court has granted guardianship of a four-year-old surrogate boy to a single NRI father living in Australia. The high court bench of justice Anupinder Singh Grewal ordered that the single NRI father would be the sole guardian of the child. In June 2022, the NRI father was refused visa by the Australian Embassy on the …

India Court Child Punjab Single Parent This Regard Nri Australian

1 year, 3 months ago

Can I use a non-resident bank account for loan payments?

Live Mint

When I convert my ICICI Bank savings account into NRO and NRE accounts, what will happen to my existing funds? —Name withheld on request NRIs who are selling land situated in India have to pay tax on the capital gains. In case the property has been inherited, remember to consider the date of purchase of the original owner for calculating …

India Tax Indian Land Capital Capital Gains Nri

1 year, 3 months ago

SBI: NRIs can now open new bank accounts through YONO app in three quick steps

Live Mint

The State Bank of India has introduced a digital facility for NRIs to effortlessly open NRE and NRO accounts through SBI's YONO. This service is designed for NTB or “new to bank” customers, providing them with ease and efficiency in the account opening process. "With the launch of this digital service, NRIs can open their NRE/NRO accounts from the comfort …

India Open Nri Sbi Yono Nro

1 year, 4 months ago

Here’s a checklist for individuals moving overseas

Live Mint

Are you planning to move overseas soon? Following are some of the considerations an individual must look into before leaving the country to settle for an extended period of time: Online banking: Before migrating, it is better to update your bank accounts to internet banking, increase your bank mandate limits and ensure that your Indian phone is still active so …

India Insurance Financial Tax Indian Bank Status

1 year, 5 months ago

YSRC refutes charge of selling medical seats

Deccan Chronicle

VIJAYAWADA: The medical wing of YSRC has refuted allegations that YSRC government is selling medical seats in government medical colleges illegally. Jagan Mohan Reddy has gone on to decrease the medical fees charged by government medical colleges.” Dr. Mehboob Sheikh, Krishna, NTR and Guntur districts’ zonal in-charge of YSRC medical wing maintained. Dr Sheikh explained that in the five newly …

Medical Seats Fee Lakh Colleges Nri Ysrc

2 years ago

Why US, Canada NRIs face these restrictions in mutual fund investments in India

Live Mint

Are you a non-resident Indian looking to invest in mutual funds in India? Talking on why US and Canada NRIs face certain restrictions while investing in mutual funds in India, Amit Gupta, MD, SAG Infotech said ‘this is due to the onerous compliance requirements Foreign Account Tax Compliance Act ’. On 9 July 2015, India and the US agreed to …

India Canada Tax Compliance Fund Invest Mutual

2 years, 1 month ago

Income Tax: How can NRIs prevent double taxation in India? MintGenie explains

Live Mint

The Non-Resident Indians, or NRIs, who stay abroad for a minimum of 182 days in a year, are eligible to apply for tax exemption in their country of residence if they have already paid tax in India. In other words, this means the NRIs can seek exemption for tax paid in India while filing the tax return in the other …

India Tax Nri Paid Dtaa Double Taxation

2 years, 5 months ago

NRE account: Eligibility to open, uses, transferability, income tax on interest

Live Mint

As many Indian citizens are migrating from India either for studies or for taking up an employment it is important for them and their family members here in India to know about various bank accounts a person who has become a non-resident under FEMA can open here in India. What can be credited in the NRE account and what debits …

India Tax Money Indian Bank Interest Fema

2 years, 6 months ago

Ludhiana | Now, swindlers target parents of NRI students

Hindustan Times

Finding a new way to dupe people of their hard-earned money, the fraudsters are now targeting families whose children are studying abroad. Sub-inspector Jatinder Singh, in-charge, Ludhiana cyber cell, said earlier, the swindlers, posing as NRI relatives, used to make WhatsApp calls to victims stating that they were transferring dollars to their account and would take it back after returning …

Ludhiana Son My Son Fraudsters Posing

2 years, 9 months ago

How different is stock market investing for NRIs?

Live Mint

India has one of the world's fastest expanding economies. In addition, the Reserve Bank of India's PIS plan allows NRIs to purchase shares or convertible debentures from the stock exchange using a bank account at a designated branch. The Portfolio Investment Scheme is a clearance letter from the Reserve Bank of India that allows NRIs to invest in Indian stocks …

Stock Market Market Bank Trading Stock Fema Indian Stocks

2 years, 9 months ago

How different is stock market investing for NRIs?

Live Mint

India has one of the world's fastest expanding economies. In addition, the Reserve Bank of India's PIS plan allows NRIs to purchase shares or convertible debentures from the stock exchange using a bank account at a designated branch. The Portfolio Investment Scheme is a clearance letter from the Reserve Bank of India that allows NRIs to invest in Indian stocks …

Stock Market Market Bank Trading Stock Fema Indian Stocks

3 years ago

How to open an NRI Demat account in India?

Live Mint

Indians that reside and earn in a foreign country are known as Non-Resident Indians. Having a NRO or NRE bank account is mandatory before opening the NRI demat account. Once your PINS letter is obtained by the bank with which you have your account, you can open both a trading and demat account, following this you are enabled to trade …

India Indian Bank Trading Fema Open Indian Equities

3 years, 2 months ago

12 including 3 HDFC employees arrested for trying to withdraw money from NRI account

India TV News

The Cyber Crime Unit of Delhi Police Special Cell has arrested 2 people, including 3 HDFC Bank employees, for attempting to make unauthorised withdrawals from a very high-value NRI account. Acting on a complaint filed by the HDFC Bank, the Cyber Crime Unit busted the racket involved in unauthorized attempts and hacking through internet banking and attempts of withdrawal using …

Bank Hdfc Bank Nri Account Hdfc

3 years, 2 months ago

HDFC Bank detects suspicious transactions in NRI account, suspends three employees held by police

Firstpost

Delhi Police Cyber Cell arrested 12 people, including three HDFC bank employees, for attempting to make unauthorised withdrawals from a high-value NRI account New Delhi: HDFC Bank has suspended the employees who were arrested by the Delhi Police for alleged involvement in attempts of unauthorised withdrawal from high-value NRI account. Basis the system alerts, we reported the matter to law …

Hdfc Bank Account Cyber Cell Nri Account

3 years, 3 months ago

Punjab National Bank Cuts Interest Rates on Savings Accounts, Details Here

News 18

Punjab National Bank had recently put into effect its revised interest rates on its Domestic and NRI Savings Accounts. Following the revision, the latest interest rate stood at 2.90 per cent per annum which is applicable to both the Domestic Savings Account as well as the NRI Savings Account. Similarly, for the Saving Fund Account Balance of Rs 100 crore …

General Savings Bank Interest Rates Interest Senior Citizens Cent

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Articles for Nri, search results for account

Can an NRI-turned-resident freely repatriate foreign currency non-resident account FD?

Understanding Section 80C: Income tax benefits for NRIs and their dependents

Ludhiana: NRI woman duped of ₹12.33 lakh

NRI taxation: How will a gift from cousin be taxed?

Avoid common mistakes that people make with NRI transactions

NRI investing in Indian stocks? Know about TDS on capital gains

Surge in NRI Investments 2024: India’s Real Estate Market

Do I need to report inward remittances?

Non-resident Indians from the US dominate real estate sales in Bengaluru; 2BHK and 3BHK housing units most popular

Single NRI Australian father gets custody of surrogate child

Can I use a non-resident bank account for loan payments?

SBI: NRIs can now open new bank accounts through YONO app in three quick steps

Here’s a checklist for individuals moving overseas

YSRC refutes charge of selling medical seats

Why US, Canada NRIs face these restrictions in mutual fund investments in India

Income Tax: How can NRIs prevent double taxation in India? MintGenie explains

NRE account: Eligibility to open, uses, transferability, income tax on interest

Ludhiana | Now, swindlers target parents of NRI students

How different is stock market investing for NRIs?

How different is stock market investing for NRIs?

How to open an NRI Demat account in India?

12 including 3 HDFC employees arrested for trying to withdraw money from NRI account

HDFC Bank detects suspicious transactions in NRI account, suspends three employees held by police

Punjab National Bank Cuts Interest Rates on Savings Accounts, Details Here