Author: Mani Karthik
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Can NRI invest in PPF
Non-Resident Indians (NRIs) are allowed to open a Public Provident Fund (PPF) account in India. A PPF account is an investment vehicle with government-backed security and attractive tax benefits. It is open to all Indian citizens, including NRIs. NRIs can open a PPF account either directly at the post office or through their bank. In…
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Can NRI invest in Indian stocks
Yes, Non-Resident Indians (NRIs) can invest in Indian stocks. The Indian government allows NRIs to invest in Indian stocks and other financial instruments like mutual funds, debt instruments, and derivatives, provided they meet certain requirements. NRIs are allowed to invest in Indian stocks through two different routes: the Portfolio Investment Scheme (PIS) and the Foreign…
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Can NRI buy property in India
Non-Resident Indians (NRIs) are permitted to purchase and own property in India. This is regulated by the Foreign Exchange Management Act (FEMA) of 1999, which governs all foreign exchange transactions in India. Under FEMA, NRIs can purchase any kind of property in India, including residential, commercial, industrial or agricultural land. However, it should be noted…
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Do NRIs need to file taxes in India
Non-Resident Indians (NRIs) are required to file taxes in India, regardless of their place of residence. This is due to the fact that Indian citizens are subject to the Indian tax regime and are liable to pay taxes on their income, regardless of where it was earned. Income earned in India by NRIs is liable…
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Can NRI Apply for Aadhaar card (Application Process)
NRIs (Non-Resident Indians) can get Aadhaar cards. However, they are required to follow certain steps and provide certain documents in order to apply for and receive an Aadhaar card. The first step is to register for Aadhaar. This can be done at any Aadhaar center or online via the UIDAI website. To register, NRIs must…
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Can NRI Buy Agricultural Land in India
If you’re an NRI with an interest in buying property in India, you may have wondered whether it’s possible to purchase agricultural land. While NRIs can buy residential and commercial property, agricultural land falls under a special category, and the rules around it are quite strict. In this article, we’ll break down the rules and…
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Can NRI invest in Indian Mutual Funds (Answered)
Hey there! Mani here. When I moved back from California, figuring out what to do with my investments was super confusing. Let me break down everything about NRI mutual fund investments in India – the way I wish someone had explained it to me! Can NRIs Actually Invest in Indian Mutual Funds? 💭 Short answer:…
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What does NRI mean?
NRI stands for Non-Resident Indian, and it is a status given to an Indian citizen who lives outside of India for a period of time that is longer than the prescribed limit. An NRI is defined as a person who holds an Indian passport and has been staying outside India for employment, business, or vocation…
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Best Medical Insurance in India – Top 5 Options
India is a land of festivals and the best time to buy a health insurance policy is during the festive season. Health insurance companies offer discounts and cash back offers on their policies to attract customers. With so many health insurance plans available in the market, it becomes difficult to choose the right one. Here…
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Insurance for Visitors to USA: The Essential Guide
If you’re planning on welcoming visitors from overseas to the United States, it’s essential to make sure they’re properly insured. Visitors to the USA are often surprised to find that their regular health insurance doesn’t cover them while they’re in the States. And if they get sick or injured while here, the cost of medical…