Author: Mani Karthik
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NRI Quota in Indian Colleges & IIT : Everything to Know
Indian universities are among some of the most prestigious institutions globally, with thousands of students vying for limited seats every year. For Non-Resident Indians (NRIs), however, there are unique opportunities under the NRI quota. What is the NRI Quota? [su_note note_color=”#fbef6a” radius=”4″]Definition: The NRI quota is a special provision that allows Non-Resident Indians to apply…
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Laid off on H1B Visa? What to do next?
As the world struggles to deal with economic issues, many people on H1B visas have been laid off in USA. Losing your job can be a traumatic experience and it can be especially hard if you are in a foreign country with limited support networks. But there is hope – there are still ways to…
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Can NRI apply for PAN card – Step by Step Guide
Yes, Non-Resident Indians (NRIs) can apply for a Permanent Account Number (PAN) card. NRIs are required to submit certain documents and information in order to complete the application process. The first step is to fill out an application form. This form can be downloaded from the website of the Income Tax Department. It is important…
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Can NRI invest in RBI bonds
NRIs may be interested in investing their money in RBI bonds, which are government bonds issued by the Reserve Bank of India (RBI). Fortunately, NRIs are allowed to invest in RBI bonds, subject to certain conditions. Here’s how to. In order to invest in RBI bonds, NRIs must first obtain a “PAN” number. This is…
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Can NRI sell an inherited property in India
In India, Non-Resident Indians (NRIs) are allowed to buy and sell property, including inherited property. However, there are certain legal requirements that must be met before the sale can be completed. The first step is to obtain a certificate of inheritance from the court. This is done by filing an application with the court in…
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Can NRI start a proprietorship firm in India
Yes, an NRI (Non-Resident Indian) is allowed to start a proprietorship firm in India. However, there are certain rules and regulations that need to be followed to set up such a business entity. The Reserve Bank of India (RBI) allows NRIs to open a proprietorship firm in India subject to certain conditions. An NRI will…
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Can an NRI get a credit card in India
Yes, Non-Resident Indians (NRIs) can get a credit card in India. Credit cards are an important financial tool for NRIs who have to manage their finances from abroad. They can use credit card to make purchases or withdraw cash while they are in India. Credit cards are issued by banks and other financial institutions in…
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Can NRI get a home loan in India
Whether a Non-Resident Indian (NRI) can get a home loan in India depends on a few factors. Firstly, an NRI is eligible to apply for a home loan in India if they have a valid Indian passport. Additionally, their income must be earned from a source outside India and must have been remitted to India…
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What is an NRE Account & Why is it Important
An NRE Account is a type of bank account specifically designed for Non-Resident Indians (NRIs). This type of account allows NRIs to save and invest their money in India, while still keeping it tax-free. An NRE Account can be opened by any Indian citizen who has been living abroad for more than six months, and…
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Can NRI have savings account in India
NRI, or Non-Resident Indians, are allowed to open savings accounts in India. In fact, NRI savings accounts are designed specifically to meet the needs of NRIs who have left India, but still have financial interests in the country. NRI savings accounts can be opened with both public and private sector banks in India. The process…