Blog
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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…
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Can NRI Invest in PPF? Here’s the Straight Answer
Let me give you the direct answer first. No, NRIs cannot open a new PPF account in India. If you’re already an NRI looking to start a PPF account – it’s not allowed. But there’s a catch. If you opened a PPF account before becoming an NRI, you can continue it until maturity. Let me…
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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:…