Can NRIs send money to PPF account? Non-Resident Indians (NRIs) cannot directly open a new Public Provident Fund (PPF) account in India. However, if an individual opened a PPF account while they were a resident of India and subsequently became an NRI, they are allowed...
Whats the tax rule on NRIs investment in Indian mutual funds? Investing in Indian mutual funds can be an attractive opportunity for NRIs (Non-Resident Indians), but it is essential to understand the tax implications. Here’s a breakdown of the key tax rules applicable...
Demat Account for NRIs: Common Questions and Answers Investing in India can be a lucrative opportunity for Non-Resident Indians (NRIs), but understanding the nuances of opening and operating a Demat account is crucial for seamless transactions. A Demat account allows...
TDS Rules for NRIs When Selling Property in India The sale of property in India by Non-Resident Indians (NRIs) is subject to several tax implications, with Tax Deducted at Source (TDS) being one of the most significant. Understanding these rules is essential for NRIs...
Thank you! We're glad you had a great experience and found everything perfect! Know Your Customer (KYC) norms are essential for maintaining transparency and security in financial transactions. However, Non-Resident Indians (NRIs) often face significant challenges when...
How NRIs Can Close a Bank Account in India While Staying Abroad Closing a bank account in India as a Non-Resident Indian (NRI) while staying abroad requires a systematic approach. Here’s a step-by-step guide to help you navigate the process efficiently: Step 1:...
