Blog
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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
“Mani, I just want to start a small consulting business in India. Nothing fancy. Do I really need to register a whole company?” I get asked this question constantly in our WhatsApp groups. And I completely understand why. A proprietorship is the simplest business structure in India. No board of directors. No annual filings with…
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Can NRIs Get a Credit Card in India? Your Questions Answered
This is one of the most common questions I get. “Mani, I’ve been in the US for 8 years. Can I even get a credit card in India?” Short answer: Yes. Absolutely. Long answer: It depends on your situation – whether you’re still abroad, planning to return, or already back. Each scenario has a different…
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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…