# MostlyNRI --- ## Pages - [Home](https://mostlynri.com/): Simple. Secure. Smart. - [Medium Of Instruction](https://mostlynri.com/medium-of-instruction/): A Medium of Instruction (MOI) Certificate is - [Embassy Attestation](https://mostlynri.com/embassy-attestation/): Embassy Attestation is a vital step - [Single Status Certificate](https://mostlynri.com/single-status-certificate/): A Single Status Certificate, also called - [FAQs for Document Authentication](https://mostlynri.com/faqs-for-document-authentication/): Apostille - [FAQ Tax service](https://mostlynri.com/faqs-for-medium-of-instruction-from-india/): No document is needed to - [Courier Services](https://mostlynri.com/service/courier-services/): Courier Services Explore our comprehensive moving and courier solutions, tailored to ensure safe, efficient, and stress-free transportation for individuals and... - [How NRIs Can Close a Bank Account in India: A Step-by-Step Guide](https://mostlynri.com/how-nris-can-close-a-bank-account-in-india-a-step-by-step-guide/): Non-Resident - [How NRIs Can Open a Bank Account in India](https://mostlynri.com/how-nris-can-open-a-bank-account-in-india/): Opening a bank account - [How NRIs Can Open a Demat Account in India: A Comprehensive Guide](https://mostlynri.com/how-nris-can-open-a-demat-account-in-india-a-comprehensive-guide/): For - [Privacy Policy](https://mostlynri.com/privacy-policy/): Privacy Policy Last updated September 18, 2024 Thank you for choosing to be part of our community at Housewise Services... - [Terms of Service](https://mostlynri.com/terms-of-service/): Terms of Service Last updated Sep 18, 2024 Welcome to MostlyNRI. com Thanks for using our products and services (“Services”).... - [Something Else](https://mostlynri.com/something-else/): Cannot find what you are looking for? Send us your query in below form and we will come back to... - [Documentation Services](https://mostlynri.com/service/document-translation-and-affidavit-notary-services-for-nris/): Documentation Services Break boundaries with ease! Skip the bureaucratic hassle of obtaining documents like Birth Certificates, NABC, translations, and much... - [Education Related Work](https://mostlynri.com/service/transcription-services-and-academic-docs-moi-certificate-for-nris/): Education Related Work Unlock your academic journey with ease! From University Transcripts to Duplicate Mark Sheets, we assist in acquiring... - [NRI Tax Services](https://mostlynri.com/service/nri-tax-services/): NRI Tax Services Maximize your tax efficiency with expertise of our professionals! We help you navigate income tax complexities by... - [RTO Services](https://mostlynri.com/service/online-rto-services-for-vehicle-ownership-transfer-for-nris/): RTO Services Breeze through the duplicate license process with our RTO related services. Also, enjoy smooth ownership transitions whether it’s... - [FAQ](https://mostlynri.com/faq/): Faq’s Find answers to all of your questions here related to MostlyNRI. If you still have any other questions, please... - [Banking & Financial Assistance Services](https://mostlynri.com/service/account-opening-kyc-and-home-loan-foreclosure-documents-for-nris/): Banking & Financial Services From closing your home loan to managing banking formalities, we’ve got you covered. Our expert team... - [Service](https://mostlynri.com/service/): Education Related Work Need University certificates, Duplicate Marksheets? Lets us know. We can help --- ## Posts - [How Much Gold Can I Carry From The USA To India?](https://mostlynri.com/how-much-gold-can-i-carry-from-the-usa-to-india/): Wondering how much gold you can carry from the USA to India? Learn about duty-free limits, customs rules, taxes, and allowed quantities in this 2025 updated guide. - [Income Tax Slabs for NRIs in FY 2024–25: A Complete Guide](https://mostlynri.com/income-tax-slabs-for-nris-in-fy-2024-25-a-complete-guide/): Taxation in India can often feel complex—more so for Non-Resident Indians (NRIs) managing assets and income across borders. Whether you’re... - [Complete NRI Guide to Income Tax Slabs in India for FY 2025–26](https://mostlynri.com/complete-nri-guide-to-income-tax-slabs-in-india-for-fy-2025-26/): Who Qualifies as an NRI for Tax Purposes? An individual is classified as a Non-Resident Indian (NRI) under Indian tax... - [Can NRIs Invest in Mutual Funds in India? Updated 2025](https://mostlynri.com/can-nris-invest-in-mutual-funds-in-india-updated-2025/): If you’re an NRI (Non-Resident Indian) looking to invest in India, you might be wondering whether mutual funds are a... - [UPI One World: Revolutionizing Cross-Border Payments for Indians](https://mostlynri.com/upi-one-world-revolutionizing-cross-border-payments-for-indians/): UPI One World: UPI for NRIs Unified Payments Interface (UPI) has become a household name in India, transforming the way... - [What Are Investment Options for NRIs/OCIs in GIFT City?](https://mostlynri.com/what-are-investment-options-for-nris-ocis-in-gift-city/): What Are Investment Options for NRIs/OCIs in GIFT City? If you’re an NRI (Non-Resident Indian) or OCI (Overseas Citizen of... - [Should NRIs/OCIs Buy Life Insurance in India or Their Home Country?](https://mostlynri.com/should-nris-ocis-buy-life-insurance-in-india-or-their-home-country/): Should NRIs/OCIs Buy Life Insurance in India or Their Home Country? Life insurance is one of those things that’s always... - [Why Should US-Based Indians Avoid Investing in Indian Mutual Funds?](https://mostlynri.com/why-should-us-based-indians-avoid-investing-in-indian-mutual-funds/): Why Should US-Based Indians Avoid Investing in Indian Mutual Funds? Introduction When it comes to growing wealth, mutual funds are... - [TDS Rules for NRIs When Selling Property in India​](https://mostlynri.com/tds-rules-for-nris-when-selling-property-in-india-2/): TDS Rules for NRIs When Selling Property in India The sale of property in India by Non-Resident Indians (NRIs) is... - [How Does GIFT City Help NRIs/OCIs Invest in India?​](https://mostlynri.com/how-does-gift-city-help-nris-ocis-invest-in-india/): How Does GIFT City Help NRIs/OCIs Invest in India? If you’re an NRI (Non-Resident Indian) or OCI (Overseas Citizen of... - [Everything You Need to Know About the Overseas Citizenship of India (OCI)](https://mostlynri.com/everything-you-need-to-know-about-the-overseas-citizenship-of-india-oci/): Everything You Need to Know About the Overseas Citizenship of India (OCI) The Overseas Citizenship of India (OCI) card is... - [Simplify Your Finances with NRI Tax Services in Delhi](https://mostlynri.com/simplify-your-finances-with-nri-tax-services-in-delhi/): Simplify Your Finances with NRI Tax Services in Delhi Managing taxes as an NRI can be complex, especially in a... - [Expert NRI Tax Services in Pune for Hassle-Free Compliance](https://mostlynri.com/expert-nri-tax-services-in-pune-for-hassle-free-compliance/): Expert NRI Tax Services in Pune for Hassle-Free Compliance Pune, a city known for its thriving industries and rich cultural... - [Streamlined NRI Tax Services in Calcutta – Trusted Guidance for Expats](https://mostlynri.com/streamlined-nri-tax-services-in-calcutta-trusted-guidance-for-expats/): Streamlined NRI Tax Services in Calcutta – Trusted Guidance for Expats Calcutta (Kolkata), the cultural hub of India, holds special... - [How to Obtain Indian Citizenship for Your Child with a Non-Indian Passport?](https://mostlynri.com/how-to-obtain-indian-citizenship-for-your-child-with-a-non-indian-passport/): How to Obtain Indian Citizenship for Your Child with a Non-Indian Passport? India allows individuals to acquire citizenship under specific... - [Can NRIs can obtain education loans from Indian banks for pursuing education in India?](https://mostlynri.com/can-nris-can-obtain-education-loans-from-indian-banks-for-pursuing-education-in-india/): Can NRIs can obtain education loans from Indian banks for pursuing education in India? Yes, Non-Resident Indians (NRIs) can obtain... - [Can NRIs Keep Post Office Accounts After Leaving India?](https://mostlynri.com/can-nris-keep-post-office-accounts-after-leaving-india/): Can NRIs keep Post Office accounts after leaving India? Non-Resident Indians (NRIs) face specific restrictions regarding investments in Indian Post... - [Why Should NRIs File Tax Returns in India? A Complete Guide](https://mostlynri.com/why-should-nris-file-tax-returns-in-india-a-complete-guide/): Why Should NRIs File Tax Returns in India? A Complete Guide As Non-Resident Indians (NRIs) continue to build ties with... - [Converting Physical Shares Into Dematerialized - Updated 2025](https://mostlynri.com/converting-physical-shares-into-dematerialized/): Converting physical shares into dematerialised Converting physical shares into dematerialized (demat) form is a crucial step for Non-Resident Indians (NRIs)... - [How can NRIs use UPI?](https://mostlynri.com/how-can-nris-use-upi/): How can NRIs use UPI? As of January 2023, the National Payments Corporation of India (NPCI) announced that Non-Resident Indians... - [How to Obtain a Single Status Certificate from India: A Comprehensive Step-by-Step Guide](https://mostlynri.com/how-to-obtain-a-single-status-certificate-from-india-a-comprehensive-step-by-step-guide/): How to Obtain a Single Status Certificate from India: A Comprehensive Step-by-Step Guide With an increasing number of Indians moving... - [What is and How to Obtain a Medium of Instruction Certificate in India?](https://mostlynri.com/what-is-and-how-to-obtain-a-medium-of-instruction-certificate-in-india/): What is and How to Obtain a Medium of Instruction Certificate in India? When planning to study, work, or migrate... - [What is Embassy Attestation in India? A Comprehensive Guide](https://mostlynri.com/what-is-embassy-attestation-in-india-a-comprehensive-guide/): What is Embassy Attestation in India? A Comprehensive Guide In today’s interconnected world, Indians frequently travel abroad for education, employment,... - [Which Banks Are Best for NRIs?](https://mostlynri.com/which-banks-are-best-for-nris/): Which Banks Are Best for NRIs? NonResident Indians (NRIs) have unique banking needs that often require a blend of domestic... - [Understanding Capital Gains Tax Rules on Property Sales in India: A Complete Guide](https://mostlynri.com/understanding-capital-gains-tax-rules-on-property-sales-in-india-a-complete-guide/): Understanding Capital Gains Tax Rules on Property Sales in India: A Complete Guide Selling property in India can be a... - [Which Type of Bank Account Should an NRI Open in India? A Complete Guide](https://mostlynri.com/which-type-of-bank-account-should-an-nri-open-in-india-a-complete-guide/): Which Type of Bank Account Should an NRI Open in India? A Complete Guide As globalization continues to reshape the... - [How can NRIs help parents obtain PMJAY benefit?](https://mostlynri.com/how-can-nris-help-parents-obtain-pmjay-benefit/): How can NRIs help parents obtain PMJAY benefit? The Pradhan Mantri Jan Arogya Yojana (PMJAY), also known as Ayushman Bharat,... - [Can NRIs send money to PPF account?](https://mostlynri.com/can-nris-send-money-to-ppf-account/): Can NRIs send money to PPF account? Non-Resident Indians (NRIs) cannot directly open a new Public Provident Fund (PPF) account... - [Whats the tax rule on NRIs investment in Indian mutual funds?](https://mostlynri.com/whats-the-tax-rule-on-nris-investment-in-indian-mutual-funds/): Whats the tax rule on NRIs investment in Indian mutual funds? Investing in Indian mutual funds can be an attractive... - [Demat Account for NRIs: Common Questions and Answers](https://mostlynri.com/demat-account-for-nris-common-questions-and-answers/): Demat Account for NRIs: Common Questions and Answers Investing in India can be a lucrative opportunity for Non-Resident Indians (NRIs),... - [TDS Rules for NRIs When Selling Property in India​](https://mostlynri.com/tds-rules-for-nris-when-selling-property-in-india/): TDS Rules for NRIs When Selling Property in India The sale of property in India by Non-Resident Indians (NRIs) is... - [Solving KYC Issues for NRIs: Practical Steps](https://mostlynri.com/kyc-issues-for-nris/): Solving KYC Issues for NRIs: Practical Steps Know Your Customer (KYC) norms are essential for maintaining transparency and security in... - [Inheritance Planning for Indians: A Comprehensive Guide](https://mostlynri.com/inheritance-planning-for-indians-a-comprehensive-guide/): Inheritance Planning for Indians: A Comprehensive Guide Inheritance planning is a crucial aspect of financial management that ensures the smooth... - [How NRIs Can Close a Bank Account in India While Staying Abroad](https://mostlynri.com/how-nris-can-close-a-bank-account-in-india-while-staying-abroad/): How NRIs Can Close a Bank Account in India While Staying Abroad Closing a bank account in India as a... - [Understanding Probate of Will in Indian Law: A Detailed Overview​](https://mostlynri.com/understanding-probate-of-will-in-indian-law-a-detailed-overview/): Understanding Probate of Will in Indian Law: A Detailed Overview Introduction to Probate of Will in Indian Law: In India,... - [Understanding the Non-Availability of Birth Certificate (NABC) in India](https://mostlynri.com/understanding-the-non-availability-of-birth-certificate-nabc-in-india/): Understanding the Non-Availability of Birth Certificate (NABC) in India In India, the Non-Availability of Birth Certificate (NABC) is a crucial... - [How to Withdraw Your Provident Fund (PF) When You’re Outside India](https://mostlynri.com/how-to-withdraw-your-provident-fund-pf-when-youre-outside-india/): How to Withdraw Your Provident Fund (PF) When You’re Outside India If you’re an Indian citizen who has moved abroad,... - [How NRIs Can Obtain a SIM Card in India](https://mostlynri.com/how-nris-can-obtain-a-sim-card-in-india/): How NRIs Can Obtain a SIM Card in India Obtaining a SIM card in India as a Non- Resident Indian... - [Probate of Will in Indian Law: An In-Depth Overview with a Real-Life Example](https://mostlynri.com/probate-of-will-in-indian-law-an-in-depth-overview-with-a-real-life-example/): Probate of Will in Indian Law: An In-Depth Overview with a Real-Life Example Understanding Probate in India Probate is the... - [How to Transfer Your Vehicle Registration from One State to Another in India](https://mostlynri.com/how-to-transfer-your-vehicle-registration-from-one-state-to-another-in-india/): Moving to a new state can be an exciting adventure, but it also comes with its own set of challenges,... - [Major Issues Faced by NRIs from Indian Tax Authorities](https://mostlynri.com/major-issues-faced-by-nris-from-indian-tax-authorities/): Navigating the Indian tax system can be challenging for Non-Resident Indians (NRIs). Here are some of the major issues they... - [Issues faced by NRIs with Income Tax](https://mostlynri.com/issues-faced-by-nris-with-income-tax/): After relocating outside India, many NRIs get entangled in tax hurdles with the Indian govt. This could be of any... --- # # Detailed Content ## Pages - Published: 2025-05-21 - Modified: 2025-05-21 - URL: https://mostlynri.com/sitemap/ PostsHow Much Gold Can I Carry From The USA To India? (June 13, 2025)Complete NRI Guide to Income Tax Slabs in India for FY 2025–26 (May 20, 2025)Income Tax Slabs for NRIs in FY 2024–25: A Complete Guide (May 20, 2025)Can NRIs Invest in Mutual Funds in India? Updated 2025 (May 10, 2025)UPI One World: Revolutionizing Cross-Border Payments for Indians (January 9, 2025)What Are Investment Options for NRIs/OCIs in GIFT City? (December 17, 2024)Should NRIs/OCIs Buy Life Insurance in India or Their Home Country? (December 16, 2024)Why Should US-Based Indians Avoid Investing in Indian Mutual Funds? (December 15, 2024)How Does GIFT City Help NRIs/OCIs Invest in India? (December 12, 2024)How Much Does an NRI/OCI Need to Retire in India? (December 12, 2024)TDS Rules for NRIs When Selling Property in India (December 12, 2024)Everything You Need to Know About the Overseas Citizenship of India (OCI) (December 1, 2024)Streamlined NRI Tax Services in Calcutta – Trusted Guidance for Expats (November 30, 2024)Expert NRI Tax Services in Pune for Hassle-Free Compliance (November 30, 2024)Simplify Your Finances with NRI Tax Services in Delhi (November 30, 2024)How to Obtain Indian Citizenship for Your Child with a Non-Indian Passport? (November 29, 2024)Can NRIs can obtain education loans from Indian banks for pursuing education in India? (November 25, 2024)Can NRIs Keep Post Office Accounts After Leaving India? (November 25, 2024)How can NRIs use UPI? (November 20, 2024)Converting Physical Shares Into Dematerialized - Updated 2025 (November 20, 2024)Why Should NRIs File Tax Returns in India? A Complete Guide... --- - Published: 2025-05-14 - Modified: 2025-06-09 - URL: https://mostlynri.com/invest-in-mutual-funds/ Unlock the potential of India’s growing economy with professionally managed mutual fund schemes tailored for Non-Resident Indians. Whether you're looking for long-term growth, tax-saving opportunities, or regular income, mutual funds offer a convenient and compliant way to invest from anywhere in the world. Key Features: Diverse Investment Options: Choose from equity, debt, hybrid, and tax-saving funds to suit your financial goals. Repatriation Benefits: Easily repatriate your investment and returns (subject to RBI regulations). SEBI-Regulated & Transparent: Enjoy the safety of a regulated market with regular disclosures and compliance. Systematic Investment Plans (SIPs): Invest periodically to build wealth steadily and reduce market timing risk. Tax Efficiency: Benefit from tax advantages under Indian tax laws (based on the type of fund). Online Access & Portfolio Tracking: Manage and track your investments 24/7 through digital platforms. Dedicated Wealth Manager because every NRI is Different. Build a smart, diversified portfolio designed by experts to optimize returns and reduce tax impact—so you can invest confidently while focusing on what matters most. Our team monitors market trends daily and rebalances your portfolio when needed, keeping your investments aligned and you informed via your dedicated relationship manager. Whether you're planning for financial freedom or retirement in India, our user-friendly app helps you set clear goals and follow a personalized investment strategy crafted by professionals. How to Select a Best Mutual FundsChoosing the right mutual fund is essential to achieving your financial goals. It involves evaluating your investment objectives, risk appetite, and time horizon, along with analyzing the... --- - Published: 2025-05-14 - Modified: 2025-05-21 - URL: https://mostlynri.com/gift-city-funds/ India’s Gateway to Global Financial Excellence Gujarat International Finance Tec-City (GIFT City) is India’s first International Financial Services Centre (IFSC), envisioned as a world-class hub for finance and technology. Designed to serve both domestic and global markets, GIFT City offers cutting-edge infrastructure, attractive tax incentives, and a progressive regulatory environment, positioning itself as a game-changer in India’s financial landscape. Why Should NRIs Consider Investing in GIFT City-Based Funds? Protect your investments from currency depreciation that can reduce returns. With GIFT City funds, you don’t need to be physically present or reside in India—invest and withdraw seamlessly from anywhere in the world, all in foreign currency. With GIFT City, NRIs and OCIs enjoy zero TDS on withdrawals in India. You receive the full proceeds of your investment without any tax deductions at source. Benefit from streamlined compliance procedures and easy repatriation of funds, making investment management smooth and hassle-free for NRIs. Features of GIFT City FundsGIFT City Funds offers investors a unique opportunity to participate in the growth of India’s premier International Financial Services Centre. Benefit from substantial tax exemptions on dividends, interest income, and capital gains—specially tailored for NRIs and OCIs. Tap into a strong network of international banks, insurers, and asset managers—while gaining exposure to India’s fast-growing economy. GIFT City is emerging as India’s gateway to global finance, similar to the roles played by Singapore and Hong Kong in their regions. Experience seamless trading in a tech-enabled ecosystem featuring global derivatives, cutting-edge fintech innovations, and smart, investor-focused solutions. FAQs... --- - Published: 2025-05-14 - Modified: 2025-05-19 - URL: https://mostlynri.com/pms-portfolio-management-system-for-nri/ A Portfolio Management System (PMS) is a software or platform that helps manage a collection of investments (like stocks, bonds, mutual funds, etc. ) in a structured and efficient manner. It is commonly used by asset managers, financial advisors, and high-net-worth individuals to: Key Features: Investment Tracking – Monitors the performance of various assets in the portfolio. Risk Management – Analyzes risks and helps diversify investments. Reporting – Generates detailed reports on returns, allocation, and transactions. Rebalancing – Helps maintain the desired asset allocation over time. Compliance & Taxation – Ensures adherence to regulations and calculates tax implications. Why should you invest in Portfolio Management Services (PMS)? Your investments are managed by seasoned professionals with deep market knowledge and research-backed strategies. PMS offers tailored portfolios based on your financial goals, risk appetite, and investment horizon — unlike mutual funds which are standardized. PMS often invests in high-conviction stocks and adopts active management strategies that can outperform traditional investment options. You get detailed performance reports, fee breakdowns, and insights into your portfolio holdings — maintaining full visibility. Unlike mutual funds, PMS clients directly own stocks and instruments, ensuring better control over taxation and transactions. Portfolios are constructed with diversified assets to minimize risk while aiming for consistent growth. Your portfolio is monitored and rebalanced regularly to align with market conditions and your changing financial objectives. Capital gains are taxed in your hands, allowing you to plan better than pooled mutual fund structures where gains are distributed. Most PMS providers offer personalized... --- - Published: 2025-05-03 - Modified: 2025-06-14 - URL: https://mostlynri.com/ Simple. Secure. Smart. Helping NRIs invest in India with clarity and confidence. Simple. Secure. Smart. Helping NRIs invest in India with clarity and confidence. Why NRIs Choose to Invest in India — And Why They Struggle Growth economy Familiar market Family commitments Long-term returns Retirement planning Messy documentation No personal help Tax and legal confusion Limited product access How MostlyNRI Makes It EasyFill out the form and upload the required documents with ease. Our team evaluates your request, checks feasibility, and shares a personalized quote. Approve the quote and make the payment to initiate the process. Relax while our experts take care of everything, end-to-end. What does it take to invest in India? Available in 30+ countries. Mandatory for all financial transactions and investments in India. Required for non-Indian passport holders to carry out financial transactions and invest in India. Easily open an account with leading Indian banks—zero hassle guaranteed. NRI Tax Services Made Simple – Stay Compliant, Stress-FreeFile your Indian taxes from anywhereEssential ID services for financial complianceMinimize taxes when selling Indian assetsRequired for TDS when buying propertyWe decode and resolve tax department noticesLegally repatriate funds with RBI complianceAbout UsMostlyNRI addresses the unique requirements of NRIs seeking seamless navigation of documentation procedures in India while residing overseas. Established as a sister concern to Housewise by Pryank Agrawal, an IIT graduate, it emerged in response to the demand from NRIs seeking comprehensive support for streamlined and secure documentation assistance. MostlyNRI addresses the unique requirements of NRIs seeking different documentation procedures... --- - Published: 2024-11-21 - Modified: 2024-11-21 - URL: https://mostlynri.com/medium-of-instruction/ A Medium of Instruction (MOI) Certificate is an official document issued by educational institutions that confirms the language used during a student’s academic instruction. Why Choose This Service? This certificate is particularly valuable for individuals looking to study, work, or immigrate abroad, especially if they need to prove proficiency in the language of instruction (usually English) without taking additional language proficiency tests like IELTS or TOEFL. Whether you're applying for higher education, job opportunities, or visa processing, a Medium of Instruction Certificate simplifies the documentation process and supports your language proficiency claim. Key Points to Understand the MOI Certificate ProcessWhat It Is: The process typically takes 2-4 weeks, depending on local and international requirements. Why You Need It: To prove English proficiency for study, work, or immigration purposes. To avoid additional testing (IELTS/TOEFL) for certain institutions or visa applications. A cost-effective and simplified alternative to language proficiency exams. Where It’s Used: Study Abroad: Many universities require proof that your previous studies were conducted in English. Work & Immigration: Some employers and immigration authorities may accept the MOI instead of language test scores. How to Obtain It: Contact your educational institution (school, college, university). Submit an application form along with supporting documents (degree certificate, transcripts). Pay any applicable fees (usually between INR 200-1000). Wait for processing (typically 1-3 weeks). Application Process: Can be submitted in person or online, depending on the institution. Attach necessary documents like academic records and ID proof. Ensure all details are correct on the certificate before collection.... --- - Published: 2024-11-21 - Modified: 2024-11-21 - URL: https://mostlynri.com/embassy-attestation/ Embassy Attestation is a vital step in validating Indian documents for use in foreign countries. Why Choose This Service? It involves verification by the respective foreign embassy or consulate in India, ensuring that your documents are authentic and recognized by authorities abroad. Whether you’re traveling for education, employment, marriage, or business, this process ensures seamless acceptance of your documents in your destination country. Our service simplifies this often complex procedure, saving you time and effort while ensuring all legal requirements are met. What is Embassy Attestation? It is the process of authenticating Indian documents for use in foreign countries. Required for educational, personal, and commercial documents. Verifies the genuineness of your documents through multiple levels of authentication.   Why Do You Need Embassy Attestation? For Employment: Required by employers to validate educational and professional credentials. For Education: Needed by foreign universities to confirm academic qualifications. For Family Visas or Marriage: Verifies personal documents like marriage or birth certificates. For Business Transactions: Ensures the validity of commercial documents like company registrations and power of attorney. Where It’s Used: Study Abroad: Many universities require proof that your previous studies were conducted in English. Work & Immigration: Some employers and immigration authorities may accept the MOI instead of language test scores. What Documents Require Embassy Attestation? Educational: Degrees, diplomas, academic transcripts. Personal: Birth certificates, marriage certificates, medical certificates. Commercial: Company registrations, power of attorney, invoices. Steps in the Embassy Attestation Process Local Verification: Initial verification by State-level authorities (Education Department, Home Department, or... --- - Published: 2024-11-21 - Modified: 2024-11-21 - URL: https://mostlynri.com/faqs-for-embassy-attestation-services-from-india/ Attestation is not required on your documents when you are issuing a passport, however, when you already possess a passport and if you require legalization for the purpose of residential, employment or student visa or an overseas business transaction, then you need an attestation for the copy of your passport if demanded by the concerned foreign authority. Passport documents are already home government issued and require no added authentication. Attestation and notarization are two similar processes of legalization of documents. Although, notarization can be considered as a part of or a type of attestation. Notarization is the attestation performed by the Notary. Attestation could be a lengthy process when it is concerned with a foreign country. Notarization is first step which is required for documents of type educational and personal. Apostille and attestation aren't very different aspects, yet, an apostille is required for a set of countries that are a part of the Apostille Hague Convention while attestation is done for the rest of the countries. As a proof of apostille, an apostille sticker is usually applied on the document with stamp; and after the legalization of documents, they are stamped by the central government and are applicable for embassy attestation as well. Ministry Of Foreign Affairs or MOFA attestation is a part of the document attestation process that is the final step of attestation performed after the embassy attestation carried out for the Gulf countries like Kuwait, Qatar, UAE, and others. The process takes place in the foreign country... --- - Published: 2024-11-21 - Modified: 2024-11-21 - URL: https://mostlynri.com/single-status-certificate/ A Single Status Certificate, also called a Certificate of No Impediment or Certificate of Freedom to Marry, is a crucial document for NRIs and Indian citizens planning to marry abroad or meet specific legal requirements in a foreign country. This certificate verifies your unmarried status, confirming that there are no legal obstacles to your marriage. Why Choose This Service? Hassle-Free Process: Avoid the complexities of dealing with government offices. Expert Assistance: Guidance at every step, from documentation to submission. Global Reach: Tailored for NRIs, ensuring certificates meet international requirements. What Do We Offer? Document Assistance: Help with affidavit preparation, notarization, and other required documents. Application Filing: Submission of the application to the relevant SDM or DM office. Verification Support: Coordination during the background check and document verification phase. Certificate Delivery: Receive the authenticated certificate, ready for use. International Validity Apostille Services: For countries under the Hague Apostille Convention. Embassy Attestation: For non-Hague countries requiring additional authentication. Why is a Single Status Certificate Important? Document Assistance: Help with affidavit preparation, notarization, and other required documents. Application Filing: Submission of the application to the relevant SDM or DM office. Verification Support: Coordination during the background check and document verification phase. Certificate Delivery: Receive the authenticated certificate, ready for use. How Long Does It Take? The process typically takes 2-4 weeks, depending on local and international requirements. Why Choose Us? Reliable and Transparent: Clear process and regular updates. NRI-Focused Services: Designed specifically to cater to Non-Resident Indians. End-to-End Support: From paperwork to certificate... --- - Published: 2024-11-09 - Modified: 2024-11-09 - URL: https://mostlynri.com/faqs-for-single-status-certificate-from-india/ For you to sit back and relax while MOSTLYNRI does the task, sign up and place an order with required documents (Affidavit self-declaration format, passport copy, etc. ) Now, the service provider will verify your documents and will reach out to you with an estimate. Accept the cost and voila! You'll soon be receiving your attested single status certificate at your doorstep. No, our service providers will take it on their shoulders once you have accepted the estimated cost. They'll be the ones running to offices to get your single status certificate attested. Leave it to our experienced agents to get it done for you! Your single status certificate is attested by the local SDM/competent court and counter-attested by the Home Department of the state concerned. Once the single status is attested and received from the Consular, Passport & Visa (CPV) division of the Ministry of External Affair, it'll be shipped to your address. --- - Published: 2024-11-09 - Modified: 2024-11-09 - URL: https://mostlynri.com/faqs-for-medium-of-instruction-from-india-2/ Medium of Instruction is an official letter granted by University's central organization unit. When applying outside MOSTLYNRI, you need to email the concerned authority with mark sheet, degree certificates and specify their registration number, name and other information. But after signing up with MOSTLYNRI, the procedure gets simpler as we take the burden off your shoulder. Go and submit your application for MOI today! Yes! With MOSTLYNRI, you shop convenience and avail yourself of the benefit to change the mode of delivery for your orders including MOI orders. In fact, you can avail shipping of the same order to multiple locations. Try MOSTLYNRI today! Use machine scan to scan the asked documents. The permitted size of documents varies and hence it is advisable to compress your documents in such a case. However, the need to compress documents hardly arise! MOSTLYNRI has an exhaustive list of institutions present on the website. However, if you fail to find your institution in the list, choose documentation enquiry in the location your school/university is based in. In order to check the validity of documents, you're asked to clearly scan the required documents and submit their digital copy. When the authenticity of documents is verified by service providers, MOSTLYNRI notifies you of the estimated cost for you to choose whether to proceed further with the order or not. --- - Published: 2024-11-08 - Modified: 2024-11-09 - URL: https://mostlynri.com/faqs-for-document-authentication/ Apostille and attestation aren't very different aspects, yet, an apostille is required for a set of countries that are a part of the Hague Convention while attestation is done for the rest of the countries. As a proof of apostille, a sticker along with stamp is usually applied on the document; and after the attestation of documents, they are stamped by the central government and are applicable for embassy attestation as well. The MEA is the authority issue apostille and decentralized its process into 16 cities. But MEA doesn't accept the application from individuals. The process is lengthy and cannot be approached directly to the government. In order to apply for apostille of documents, you can reach out to professional services to ensure the proper delivery of the task. MOSTLYNRI has been a service provider for a time span of about 4+ years and has rendered authentic facilities for the authentication of all kinds of documents. You just need to request an application online and wait for the call from the executive. Apostille can be issued in the countries which are members of the Hague Convention of 1961. In many countries, It is generally issued by the secretariat of the state. In countries like India, MEA (Ministry of External Affairs) referred as MOFA (Ministry of Foreign Affairs in some countries) is the syndicate of the central government that is authorized to issue an apostille for the document. Although, there are other levels of verifications and certifications that need to be... --- - Published: 2024-11-08 - Modified: 2024-11-09 - URL: https://mostlynri.com/faqs-for-university-transcripts-from-india/ MOSTLYNRI is your one-stop solution for receiving transcripts at your doorstep. All you have to do is sign up with MOSTLYNRI, upload the requisite document and submit your application; our team in the backend will reach out to your university, arrange the documents and deliver it to you. MOSTLYNRI is known for the quick procedure involved in arranging your transcript from the university to getting it couriered to your doorstep. Generally, the entire procedure consumes 8 to 10 working/business days. In a few cases, it may even take up to 15 days where detailed legal procedures are involved. All you have to do is sign up with MOSTLYNRI, place an order with required documents (SSC mark sheet, Degree Certificate, passport copy etc. ) and provide correct credentials. The service provider will hence verify your documents and will reach out to you with an estimate. Accept the cost and voila! You'll soon be receiving your transcript at your doorstep. Yes! With MOSTLYNRI, you have an option to avail shipping of orders at multiple locations. Carefully set up a destination for each document service you desire in a single order and you're good to go! In order to check the validity of documents, you're asked to clearly scan the required documents and submit their digital copy. When the authenticity of documents is verified by service providers, MOSTLYNRI notifies you of the estimated cost for you to choose whether to proceed further with the order or not. Yes! MOSTLYNRI is a global oriented... --- - Published: 2024-11-08 - Modified: 2024-11-08 - URL: https://mostlynri.com/faqs-for-affidavit-from-india/ For you to sit back and relax while MOSTLYNRI does the task, sign up and place an order with required documents (Affidavit format, passport copy, deponent Id proof etc. ) Now, the service provider will verify your documents and will reach out to you with an estimate. Accept the cost and voila! You'll soon be receiving your notarized affidavit at your doorstep. No, our service providers will take it on their shoulders once you have accepted the estimated cost. They'll be the ones running to offices to get your affidavit notarized. Leave it on our experienced agents to get it done for you! --- - Published: 2024-11-08 - Modified: 2024-11-08 - URL: https://mostlynri.com/faqs-for-medium-of-instruction-from-india/ No document is needed to be submitted while filing income tax returns. However, one should keep basic documents like Form 16, balance sheet and P and L accounts of the business, shreds of investment evidence, audit reports and so on ready with him/herself. Because in some cases when the income tax department sends notice, these documents are required to be presented before the tax authorities on a later date. Income from salary is the head for levying a tax on pension whereas family pension is taxable under the head ‘Income from other sources. Every income tax assessee has to mandatorily e-file income tax returns. However, there are some exceptions to the standard rule wherein they can submit paper ITR forms and they do not have to file the ITRs online. They are as follows: At present, Super senior citizens who are above 80 years of age. When the value of the gifts received from friends on any event except the wedding during a year is Rs 50,000 then the whole amount will attract tax under the head ‘Income from Other Sources’ head. Details of savings and current accounts which are held during any time of the previous year must be reported in Part E of the ITR form which seeks – other information. The account number must comply with the Bank’s Core Banking Solution (CBS) system. However, one need not provide details of dormant accounts which is not working since 3 years.  Yes, one can file ITR-1 when the agricultural... --- - Published: 2024-11-06 - Modified: 2024-11-24 - URL: https://mostlynri.com/service/courier-services/ Courier ServicesExplore our comprehensive moving and courier solutions, tailored to ensure safe, efficient, and stress-free transportation for individuals and businesses worldwide. Mover and Packer Service Courier Service Gift Service We have established partnerships with all major courier companies, allowing us to offer a wide range of delivery options. We can arrange for couriers based on our expert recommendation or according to the customer’s preference, ensuring a tailored and efficient service every time. We offer help individuals, families, and businesses relocate their belongings from one place to another. These services are designed to make the moving process as smooth, efficient, and stress-free as possible. It includes Pre-Move Survey, Packing Services, Loading and Unloading, Transportation, Unpacking Services, Disassembly and Reassembly, Special Handling Services, International Moving Services. We have established partnerships with all major courier companies, allowing us to offer a wide range of delivery options. We can arrange for couriers based on our expert recommendation or according to the customer’s preference, ensuring a tailored and efficient service every time. We offer help to find the reliable and efficient delivery solutions for packages, documents, and various other items, catering to both individuals and businesses. These services ensure that items are transported from one location to another safely and within specified time frames, whether locally, nationally, or internationally We make gift-giving effortless, providing reliable delivery options that bring joy to any occasion. Whether it’s a personal gesture or a corporate present, our gift service ensures your thoughtful surprises reach loved ones or clients safely... --- - Published: 2024-11-05 - Modified: 2024-11-05 - URL: https://mostlynri.com/faqs-for-birth-certificate-from-india/ MOSTLYNRI exists to make the procedure easy! All you have to do is sign up with MOSTLYNRI, place an order with required documents (SSC mark sheet, passport copy etc. ) and enter the all details required for a new official document. The service provider will hence verify your documents and will reach out to you with an estimate. Accept the cost and voila! You'll soon be receiving your certificate at your doorstep. Yes, after you place an order for a Birth Certificate and upload your documents, you'll be asked to fill in the necessary details that should be part of your new official certificate including your name. Supporting proof of your identification is a must! Yes, after you place an order for a official document and upload your documents, you'll be asked to fill in the necessary details that should be part of your new official certificate including your name. Supporting proof of your identification is a must! Generally, it is essential for you to upload all the necessary documents. However, in the case of documentation services during missing documents, it will depend specifically on that missing document and restrictions in the place you're or will be staying. Yes, simply place an order for a Birth Certificate document, fill out the required details, upload your original documents, and make an online payment. Service providers will fetch your new official certificate and will email you a copy. It'll even save you shipping charges! In case you've doubts cropping for the authenticity... --- - Published: 2024-11-05 - Modified: 2024-11-09 - URL: https://mostlynri.com/faqs-for-nabc-from-india/ No, MOSTLYNRI won't be of help in such a case. MOSTLYNRI agents will dedicatedly work to help you fetch your new birth Certificate only if it is not available in the first place or any information mentioned on the previous one like name, birth date or birth city is incorrect. In the latter case, supporting proof of identification is a must! Yes, NABC is accepted when applying for United States Citizenship And Immigration Services (USCIS). If you need assistance with the same, check out MOSTLYNRI's cost-effective approach in procuring your NABC. In case you have doubts cropping for the authenticity of certificates, check out the municipal corporation website. There you can easily verify your certificates and other documents. If you require assistance with the same, feel free to reach out to us at our helpdesk. In case of the absence of your parents' ID proof, you can submit a digital copy of their passport front and back to process your order. Our agents will get back to you with the estimated cost after verifying all the submitted documents! --- - Published: 2024-11-04 - Modified: 2024-11-04 - URL: https://mostlynri.com/how-nris-can-close-a-bank-account-in-india-a-step-by-step-guide/ Non-Resident Indians (NRIs) may need to close their bank accounts in India for various reasons, such as relocating permanently, consolidating finances, or restructuring investments. The process for closing an NRI account (such as NRE, NRO, or FCNR accounts) in India is fairly straightforward, but it does require careful handling to avoid any compliance or tax-related issues. Here’s a complete guide on how NRIs can close their bank accounts in India. Reasons to Close an NRI Bank Account There are multiple reasons an NRI might consider closing their Indian bank account: 1. Permanent Move to India or Abroad: An NRI returning to India for good or relocating to another country may wish to simplify their banking setup. 2. Consolidation of Finances: Managing fewer accounts can simplify financial tracking and tax reporting. 3. Financial Restructuring: Some NRIs may want to close their NRO account if they no longer have income sources in India or decide to transfer their funds to another banking institution. Steps to Close an NRI Bank Account These are the steps you need to follow to close your account. 1. Prepare Required Document Closing an NRI bank account involves submitting certain documents for verification: Account Closure Form: Most banks provide a specific form for account closure, available at the bank branch or on their website. Identity and Address Proof: Typically, the bank will request identification (like a passport copy) and proof of address. Canceled Check or Debit Card: The bank may ask for unused check leaves or the debit... --- - Published: 2024-11-04 - Modified: 2024-11-04 - URL: https://mostlynri.com/how-nris-can-close-a-demat-account-in-india-a-step-by-step-guide/ Non-Resident Indians (NRIs) who wish to close their Demat accounts in India may need to do so for various reasons, such as portfolio restructuring, relocation, or simplifying their finances. The process for closing a Demat account for NRIs is fairly straightforward, but it does require attention to detail to ensure compliance with regulations and prevent any outstanding dues. Here’s a comprehensive guide on how NRIs can close their Demat account in India. Reasons NRIs May Need to Close a Demat Account There are various reasons NRIs might choose to close their Demat accounts, including: Relocation or Change in Residency Status Portfolio Consolidation Change in Investment Strategy Account Types of Demat Accounts for NRIs1. Relocation or Change in Residency Status NRIs moving back to India or relocating to a country with different tax treaties may find it more convenient to close their Indian Demat account. 2. Portfolio Consolidation Simplifying financial holdings by consolidating investments in fewer accounts. 3. Change in Investment Strategy NRIs who decide to exit Indian equities or focus on other asset classes may no longer need their Demat account. Steps to Close a Demat Account in India for NRIs These are the steps you need to follow to open bank account in the India. 1. Check for Any Remaining Holdings - Before initiating the closure, NRIs should check if there are any remaining securities in their Demat account. Any holdings can be either transferred to another Demat account or sold off. For NRIs with both repatriable and non-repatriable... --- - Published: 2024-11-03 - Modified: 2024-11-03 - URL: https://mostlynri.com/how-nris-can-open-a-bank-account-in-india/ Opening a bank account in India as a Non-Resident Indian (NRI) has become easier than ever with streamlined options for managing funds from abroad. Whether you're looking to save, invest, or facilitate easy transfers, Indian banks offer several types of accounts specifically for NRIs. Here’s a comprehensive guide on the process, types of accounts available, and the necessary steps NRIs can follow to open an account in India. Types of NRI Accounts The Reserve Bank of India (RBI) has designated three types of accounts for NRIs based on their banking needs: 1. Non-Resident External (NRE) Account 2. Non-Resident Ordinary (NRO) Account 3. Foreign Currency Non-Resident (FCNR) AccountNon-Resident External (NRE) Account Purpose: An NRE account is intended for income earned outside India. The account can be in the form of a savings, current, recurring, or fixed deposit. Features: Both the principal and interest are fully repatriable (transferable abroad) and tax-free in India. This account is held in Indian Rupees, and the funds are freely convertible. Best For: NRIs who want to save foreign income in Indian Rupees. 2. Non-Resident Ordinary (NRO) Account: Purpose: An NRO account is used to manage income earned within India, such as rental income, dividends, or pension. Features: While interest is fully repatriable, the principal amount has repatriation limits. Interest earned is subject to taxes in India, with a tax deduction at source (TDS) applied as per Indian regulations. Best For: NRIs who need to manage and access funds from within India. 3. Foreign Currency Non-Resident (FCNR)... --- - Published: 2024-11-03 - Modified: 2024-11-03 - URL: https://mostlynri.com/how-nris-can-open-a-demat-account-in-india-a-comprehensive-guide/ For Non-Resident Indians (NRIs) interested in investing in Indian equities, a Demat (Dematerialized) account is essential. This account allows investors to hold securities like stocks, bonds, and mutual funds electronically, making it easier and more secure to manage investments from anywhere in the world. Here’s a complete guide to help NRIs open and operate a Demat account in India. What is a Demat Account? A Demat account in India operates like a digital storage space for securities. Instead of holding physical certificates, shares and other securities are stored in electronic form, which is not only convenient but also eliminates the risks associated with physical certificates, such as loss, theft, or damage. Account Types of Demat Accounts for NRIs NRIs can open two types of Demat accounts depending on their investment needs and the type of funds being invested:1. Repatriable Demat Account Linked to an NRE (Non-Resident External) bank account. Allows NRIs to invest in Indian securities and repatriate the earnings back to their resident country. Ideal for those who want to repatriate funds without limitations. 2. Non-Repatriable Demat Account Linked to an NRO (Non-Resident Ordinary) bank account. Suitable for investing income earned within India, such as rental income or dividends. Funds in this account have limited repatriability, allowing only the interest earned to be transferred abroad. Steps to Open a Demat Account in India for NRIs These are the steps you need to follow to open bank account in the India. 1. Choose a Depository Participant (DP) - A Depository... --- - Published: 2024-10-29 - Modified: 2025-05-19 - URL: https://mostlynri.com/it-returns-notice/ Receiving an Income Tax Notice as an NRI can be daunting, but it's important to handle it promptly and correctly. Here’s a step-by-step guide on what an NRI can do if they receive an Income Tax Notice in India:Step 1: Understand the Notice First, carefully read the notice to understand the reason for it. Common reasons include: Non-filing or incorrect filing of tax returns. Failure to disclose all income earned in India or abroad. Discrepancies in tax information provided. Suspected tax evasion. Errors in claiming deductions or exemptions. Making high-value purchases Step 2: Consult a Tax Professional It’s advisable to consult a tax professional or chartered accountant who is well-versed in Indian tax laws. They can help you understand the implications of the notice and guide you on the next steps. Step 3: Gather Relevant Documents Collect all relevant documents, including: Income tax returns filed in India. Bank statements showing income earned in India. Proof of foreign income and taxes paid. Any communication from the tax authorities. Step 4: Respond Promptly Respond to the notice within the stipulated time frame. Ignoring the notice can lead to further complications. Your tax professional can help draft a response addressing the issues raised in the notice. Step 5: Provide Additional Information If the notice requests additional information or clarification, provide the necessary details promptly. Ensure that all information provided is accurate and complete. Step 6: Consider Voluntary Disclosure If you realize that there were errors or omissions in your tax filings, consider making... --- - Published: 2024-10-29 - Modified: 2025-05-19 - URL: https://mostlynri.com/capital-gain-tax/ Applying for a Permanent Account Number (PAN) card as a non-resident Indian (NRI) is a straightforward process if you follow the right steps. Here’s a detailed guide to help you through the application process:Capital Gain Tax Planning Understanding Capital Gains: Capital gains are the profits earned from the sale of capital assets. These gains are classified into two categories: Short- Term Capital Gains (STCG): Assets held for less than 36 months (24 months for immovable property). Long-Term Capital Gains (LTCG): Assets held for more than 36 months (24 months for immovable property). Tax Rates: STCG: Taxed at the individual's income tax slab rate. LTCG: Taxed at 20% with indexation benefits. --- - Published: 2024-10-29 - Modified: 2025-05-20 - URL: https://mostlynri.com/tan-card/ A TAN card is essential for entities that are responsible for deducting or collecting tax at source (TDS)How NRIs Can Obtain a TAN Card in India A TAN card is required for: Deducting or collecting tax at source (TDS) Filing TDS returns Avoiding penalties for non-compliance Documents RequiredTo apply for a TAN card, you need to be either an Indian citizen or a foreign citizen/Overseas Citizen of India (OCI). Aadhaar card, Voter ID, Passport, Driving License, etc. Aadhaar card, Voter ID, Passport, Utility bill, etc. Birth certificate, Matriculation certificate, Passport, etc. A recent passport-sized photograph. Processing Time: The TAN card is typically dispatched within 15 working days after the application is submitted. Delivery Time: Once your application is processed, you will receive your PAN card at your designated address. The entire process usually takes about 15-20 days. Receiving Your TAN Card: Once processed, the TAN card will be sent to your registered address via post. --- - Published: 2024-10-29 - Modified: 2025-05-19 - URL: https://mostlynri.com/aadhaar-card/ The Aadhaar card is a vital identification document issued by the Indian government. It is essential for availing various services and benefits. For NRIs (Non-Resident Indians). Here’s a step-by-step guide on how to apply for one. Why You Need an Aadhaar Card: An Aadhaar card is essential for: Opening bank accounts Filing tax returns Availing various government subsidies and services Acting as proof of identity and address Eligibility for NRIs: To apply for a PAN card, you need to be either an Indian citizen or a foreign citizen/Overseas Citizen of India (OCI). The documents required include: NRIs with a valid Indian passport are eligible to apply. The applicant must be physically present in India at the time of enrollment. How NRIs Can Link PAN with Aadhaar Linking your Permanent Account Number (PAN) with Aadhaar is essential for seamless financial transactions and tax filing. Here’s a step-by-step guide for NRIs (Non-Resident Indians) to accomplish this. Why Link PAN with Aadhaar: Mandatory for filing income tax returns in India. Helps to curb tax evasion. Facilitates easy verification of financial transactions. --- - Published: 2024-10-29 - Modified: 2025-05-20 - URL: https://mostlynri.com/it-returns/ Filing income tax returns in India can be a bit complex for Non-Resident Indians (NRIs), but understanding the process and requirements can help ensure compliance and avoid any legal hassles. Here’s a comprehensive guide to help NRIs navigate the process of filing income tax returns in India. Who Needs to File? NRIs need to file an income tax return in India if they meet any of the following criteria: Income Exceeds the Exemption Limit: If your total income earned or accrued in India exceeds the basic exemption limit (currently ₹2. 5 lakh for individuals below 60 years of age). TDS Refund: If you are seeking a refund of excess Tax Deducted at Source (TDS) that has been deducted. Income from India: If you have earned any income from sources in India, such as rental income, interest from bank deposits, capital gains from the sale of property or investments. Documents RequiredTo file income tax returns in India, NRIs need to have the following documents readyPermanent Account Number (PAN) is mandatory for filing tax returns. Proof of residency status. Details of all bank accounts held in India. Information on investments and assets in India. Certificates of TDS for salary and other incomes. Annual tax statement that consolidates all the tax-related information. Types of Income Taxable for NRIsNRIs are liable to pay tax on income earned or accrued in India. If you receive salary income in India or for services rendered in India. Income from property located in India. Profits from the sale... --- - Published: 2024-10-29 - Modified: 2025-05-19 - URL: https://mostlynri.com/transfer-funds/ Transferring funds from an NRO account to an NRE account is a common practice for NRIs (Non-Resident Indians) looking to manage their finances efficiently Why Transfer Funds from NRO to NRE: Tax Benefits: Interest earned on NRE accounts is tax-free in India. Repatriation: Funds in NRE accounts can be freely repatriated abroad. Currency Conversion: NRE accounts are maintained in Indian Rupees, making it easier to manage funds. --- - Published: 2024-10-24 - Modified: 2025-05-20 - URL: https://mostlynri.com/pan-card/ Applying for a Permanent Account Number (PAN) card as a non-resident Indian (NRI) is a straightforward process if you follow the right steps. Here’s a detailed guide to help you through the application process:Why Do NRIs Need a PAN Card? A PAN card is essential for NRIs who have financial transactions in India. It is required for: Filing income tax returns Opening bank accounts (NRE/NRO accounts) Buying or selling property Investing in stocks or mutual funds Making high-value purchases Documents RequiredTo apply for a PAN card, you need to be either an Indian citizen or a foreign citizen/Overseas Citizen of India (OCI). Passport, PIO/OCI card, or any other valid ID. Overseas address proof (like a bank statement or residential permit). Signed or left thumb impression. Signed or left thumb impression. Payment through credit/debit card, net banking, or UPI. Steps to Apply Visit the Official Website: Go to the NSDL or UTIITSL website to start your application. Fill the Online Form: Choose the appropriate form (Form 49A for Indian citizens or Form 49AA for foreign citizens) and fill in your personal details. Upload Documents: Scan and upload the required documents. Make Payment: Pay the application fee online using your preferred payment method. Print Acknowledgment: Print the acknowledgment receipt and paste your photos on it. Send Documents: Send the acknowledgment form and the original documents or their attested copies to the NSDL/UTIITSL address. Track Application: Use the acknowledgment number to track the status of your application online. Receiving Your PAN Card Once... --- - Published: 2024-09-23 - Modified: 2024-09-23 - URL: https://mostlynri.com/privacy-policy/ Privacy PolicyLast updated September 18, 2024 Thank you for choosing to be part of our community at Housewise Services Private Limited, doing business as MostlyNRI. com (“MostlyNRI. com”, “we”, “us”, or “our”). We are committed to protecting your personal information and your right to privacy. If you have any questions or concerns about our policy, or our practices with regards to your personal information, please contact us at sales@MostlyNRI. com. When you visit our website https:// MostlyNRI. com, and use our services, you trust us with your personal information. We take your privacy very seriously. In this privacy notice, we describe our privacy policy. We seek to explain to you in the clearest way possible what information we collect, how we use it and what rights you have in relation to it. We hope you take some time to read through it carefully, as it is important. If there are any terms in this privacy policy that you do not agree with, please discontinue use of our Sites and our services. This privacy policy applies to all information collected through our website (such as https:// MostlyNRI. com), and/or any related services, sales, marketing or events (we refer to them collectively in this privacy policy as the "Sites"). Please read this privacy policy carefully as it will help you make informed decisions about sharing your personal information with us. Privacy Policy   What information do we collect? How do we use your information? Will your information be shared with anyone? Do... --- - Published: 2024-09-23 - Modified: 2024-09-24 - URL: https://mostlynri.com/terms-of-service/ Terms of ServiceLast updated Sep 18, 2024 Welcome to MostlyNRI. com Thanks for using our products and services ("Services"). The Services are provided by Housewise Services Private Limited through its network of websites and domains at MostlyNRI. com ("Site"). By using our Services, you are agreeing to these terms. Please read them carefully. TermsBy accessing the Site, you are agreeing to be bound by our terms of service, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this website are protected by applicable copyright and trademark law. Service Licensea. Permission is granted to use the materials (information or software) on Site for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not: modify or copy the materials; use the materials for any commercial purpose, or for any public display (commercial or non-commercial); attempt to decompile or reverse engineer any software contained on Site; remove any copyright or other proprietary notations from the materials; or transfer the materials to another person or "mirror" the materials on any other server. b. This license shall automatically terminate if you violate any of these restrictions and may be terminated by us at any time. Upon terminating your viewing of these materials or upon the termination of this license,... --- - Published: 2024-07-03 - Modified: 2024-08-29 - URL: https://mostlynri.com/something-else/ Cannot find what you are looking for? Send us your query in below form and we will come back to you at lightening speed! --- - Published: 2024-06-14 - Modified: 2024-11-21 - URL: https://mostlynri.com/service/document-translation-and-affidavit-notary-services-for-nris/ Documentation ServicesBreak boundaries with ease! Skip the bureaucratic hassle of obtaining documents like Birth Certificates, NABC, translations, and much more from India. Our expert team navigates government offices for you, saving time and stress. Contact us to start the hassle-free process today. Birth Certificate NABC Document translation service Apostille from India Affidavit service in India Single Status Certificate from India Medium Of Instruction Embassy Attestation The Government of India issues Birth Certificates through the concerned city/state registrar upon completion of the birth registration process at the respective Municipality or Panchayat office. With our expert guidance, submit the necessary documents and breeze through verification to obtain the Birth Certificate promptly from the Registrar's office. We ensure swift issuance by liaising with city and state registrars seamlessly. Non-Availability of Birth Certificate or NABC is a legal document issued for an unregistered birth. It serves as a legal document for individuals whose birth records are not found with the Government of India, allowing verification of a birth that was not previously registered. NABC document is valid alternative to birth certificate The process for obtaining an NABC document varies from state to state and navigating bureaucratic processes can be daunting. Let our experts handle it for you, contact us now! India is rich in diversity, and it is estimated that 1,652 languages are classified as mother tongues. Presently, the Indian Constitution officially recognizes over 20 major languages, reflecting the nation's cultural tapestry. Many of the governing offices still require documents to be presented in... --- - Published: 2024-06-14 - Modified: 2024-11-09 - URL: https://mostlynri.com/service/transcription-services-and-academic-docs-moi-certificate-for-nris/ Education Related WorkUnlock your academic journey with ease! From University Transcripts to Duplicate Mark Sheets, we assist in acquiring essential documents. Elevate your prospects with verified credentials paving the way for advanced education and career opportunities. University Transcript Degree Certificate Duplicate Mark sheet Medium of Instruction certificate Unlock your global academic journey by securing authenticated transcripts for your international aspirations. Whether it's for university admissions, visa applications, or career advancement, trust us to deliver the essential document you need. you worldwide! Seamlessly navigate the bureaucratic maze with our tailored transcript services as per your need. From pursuing higher education to fulfilling immigration requirements, we ensure your academic ambitions are backed by verified credentials to empower you worldwide! Possessing a Degree certificate can unlock pathways to advanced education and prospects, including enrolment in postgraduate programs to enhance your skills, bolster your eligibility for career advancements, and explore new career avenues and elevate your career prospects. A Degree certificate is exclusively issued by the university upon verification of successful course completion. With verified academic achievements, explore diverse career avenues and seize opportunities for growth and forge new paths! Gain access to opportunities for higher education, paving the way for postgraduate studies and skill enhancement. Let your achievements speak volumes and propel you towards career advancements. Empower your future with verified Mark Sheets! Our services provide tangible proof of your academic accomplishments, opening doors to diverse career paths and expanding your horizons. Take the next step towards success with confidence and credibility. A... --- - Published: 2024-06-14 - Modified: 2024-11-27 - URL: https://mostlynri.com/service/nri-tax-services/ NRI Tax ServicesMaximize your tax efficiency with expertise of our professionals! We help you navigate income tax complexities by ensuring correct TDS deductions, TDS filing, Income Tax Returns and more. Let us guide you to optimize your tax liability and streamline returns filing. Contact us now for expert assistance! TDS Returns IT Returns PAN Card Capital Gain Tax TAN Card Aadhar Card IT Return Notice Transfer Funds Individuals who earn income are responsible for paying income tax based on the prevailing tax slab rates that represents their total tax liability. However, the government has employed Tax Deducted at Source (TDS) regulations to ensure that income tax is deducted beforehand from the payments made. Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department where the payer deducts tax before making specific payments such as salary, rent, commission, etc. Reach out to us for professional help today! Discover how ITR filing unlocks potential savings through exemptions and deductions tailored to your income, ensuring you keep more of what you earn! Filing of your Income Tax Returns offers flexibility to optimise tax liabilities, ensuring your finances work smarter for you. Applying for a Permanent Account Number (PAN) card as a Non-Resident Indian (NRI) is essential for financial transactions in India. NRIs need a PAN card for filing income tax returns, opening NRE/NRO bank accounts, buying or selling property, and investing in stocks or mutual funds. Additionally, it is required for making high-value purchases and ensuring smooth financial operations... --- - Published: 2024-06-14 - Modified: 2024-11-05 - URL: https://mostlynri.com/service/online-rto-services-for-vehicle-ownership-transfer-for-nris/ RTO ServicesBreeze through the duplicate license process with our RTO related services. Also, enjoy smooth ownership transitions whether it's a sale, inheritance, or auction of vehicle; navigate the intricate process of vehicle ownership transfer effortlessly with our expert guidance. Driving Licence Vehicle Ownership Transfer Vehicle Related Service Driver Related Service Other Service In India, it is mandatory for an individual to have a valid driving license in order to ride or drive on public roads. Moreover, the Indian driving license also serves as a widely recognized form of personal identification. In the unfortunate event of lost or stolen license, the procedure for obtaining a duplicate license can be cubersome and tedious. And, we're here to help you navigate through this process smoothly. The convenience of obtaining your documents is our priority, contact us now! Vehicle ownership transfer takes place in various scenarios such as sale, inheritance, and auction. Hence, when it comes to transferring ownership of a vehicle, the process varies depending on the circumstances. Whether it's a standard sale, inheritance due to the death of the owner, or acquisition through a public auction, the guidelines differ, and they are subject to the laws of the state in which the vehicle was registered. Avoid time-consuming visits to public offices by entrusting our experts to assist you.   Vehicle Registration: Issuing registration certificates for new vehicles and renewing certificates for existing vehicles. Duplicate Registration: Issuing duplicate registration certificates in case of loss or damage. Change of Address: Update the address on... --- - Published: 2024-06-13 - Modified: 2024-11-08 - URL: https://mostlynri.com/faq/ Faq'sFind answers to all of your questions here related to MostlyNRI. If you still have any other questions, please feel free to reach out to us. Explore General Questions Explore Specific Questions --- - Published: 2024-06-13 - Modified: 2024-11-08 - URL: https://mostlynri.com/service/account-opening-kyc-and-home-loan-foreclosure-documents-for-nris/ Banking & Financial ServicesFrom closing your home loan to managing banking formalities, we've got you covered. Our expert team ensures smooth document submission for KYC, bank statements, home loan closure, essential document procurement and much more. Unlock the joy of documentation services without the frequent visits and long queue! Home Loan Foreclosure Bank Related Documentation Opening Bank Account Closing Bank Account Opening DEMAT Closing DEMAT Closing your home loan is an incredibly satisfying experience! After your final installment payment, regardless of your location, our dedicated team stands prepared to guide you through the necessary steps to secure full ownership of your property. Safeguard your documents by retrieving essential paperwork including sale deed, loan agreement, etc. and secure your property by obtaining No Dues Certificate, remove any liens, and update Non-Encumbrance Certificate to ensure a hassle-free ownership journey. Explore our extensive range of services designed to streamline the process of submitting your documents to your bank for completing KYC formalities or obtaining essential bank-related documents such as statements, interest certificates, balance certificates etc. These documents are required on regular basis for seamless tax compliance or efficient record-keeping purposes. Escape the frustration of endless trips to the bank and waiting in queues for documents by reaching out for expert assistance today. Explore our extensive range of services designed to streamline the process of submitting your documents to your bank for completing KYC formalities or obtaining essential bank-related documents such as statements, interest certificates, balance certificates etc. Non-Resident Indians (NRIs) may need to... --- - Published: 2024-06-12 - Modified: 2024-09-10 - URL: https://mostlynri.com/service/ Education Related WorkNeed University certificates, Duplicate Marksheets? Lets us know. We can help Documentation ServicesWe understand the challenges of navigating administrative offices. That's why we offer a range of services, including obtaining Birth Certificates, NABCs, Document translation, Single Status Certificates from India, Apostille and Affidavit services in India, saving you from cumbersome trips. Banking & Financial Assistance ServicesUnlock hassle-free banking experience for NRIs! Seamlessly submit KYC documents & essential bank paperwork with our tailored service. From request of bank statements to interest certificates, ensure tax compliance & efficient record-keeping effortlessly. Explore now! Tax ServicesStreamline your tax related hassle with our expert guidance. From understanding tax obligations to filing of TDS returns, we've got you covered. Let us handle the complexities while you focus on what matters. Click for seamless solutionsRTO ServicesSay goodbye to tedious visits with long queues and paperwork! Get your duplicate driving license, ownership transfers, and other RTO services hassle-free. From driving licence copy to transfer by inheritance, our team of experts will ensure you have hassle-free solutions for your RTO related needs. Our part Housewise. in was founded in 2015 with the objective of helping NRI with Property Management solutions. With love from our customers, we have grown to 13 cities in India and customers from 33 countriesQuality experts who are Trusted, Professional & DedicatedExceeding customer expectations - everytime! Hesitant About Renting your property in India? We can help. Sign up with Housewise and avail the best rental property management services in India. --- - Published: 2024-06-12 - Modified: 2025-06-14 - URL: https://mostlynri.com/about-us/ Crafted by Founders, Designed for NRI NeedsAt MostlyNRI, we prioritize cultivating enduring relationships built on trust and integrity. Leveraging cutting-edge technology, we offer comprehensive documentation services & support services to Indians accross the globe. Founded with a vision to serve NRIs, MostlyNRI is driven by a team committed to crafting reliable, technology-enabled solutions. We focus on building long-term relationships grounded in trust and integrity, delivering seamless documentation and support services to Indians across the globeMeet our TeamPryank Agrawal is an IIT Roorkee Graduate. He has held leadership positions in large marquee organizations like Infosys, Tech Mahindra, and Barclays for almost a decade and a half and has lived in various cities in India, the US, and the Middle East. His fascination with new cities and love for real estate investments led him to buy property in various cities across India. The idea of Housewise came to fruition when he could not find a single trustworthy property management service provider in India. Corporate experience of more than 17 years in leadership positions in the telecom and banking sectors. Prior to joining Housewise, she worked with market leaders like Citigroup, TATA, HDFC and Russian conglomerate Sistema group in the retail as well as the corporate segments. Pooja is Senior VP and heads India Operations. Advisory BoardRuchir is the Founder and CEO of CollegeDekho. com. He is a technology entrepreneur with more than 13 years of experience across internet startups, technology, and media. He founded HTCampus, the first and the largest in its... --- --- ## Posts > Wondering how much gold you can carry from the USA to India? Learn about duty-free limits, customs rules, taxes, and allowed quantities in this 2025 updated guide. - Published: 2025-06-13 - Modified: 2025-06-14 - URL: https://mostlynri.com/how-much-gold-can-i-carry-from-the-usa-to-india/ - Categories: NRI Guide Wondering how much gold you can carry from the USA to India? Learn about duty-free limits, customs rules, taxes, and allowed quantities in this 2025 updated guide. Wondering how much gold you can carry from the USA to India in 2025? You’re not alone. Every year, thousands of NRIs, tourists, and expats bring gold home — but not everyone understands the rules. This updated guide explains how much gold you can carry to India without duty, the current customs duty on gold in India, and what types of gold are allowed. Let’s dive in before your next trip turns into a costly surprise. Let’s break it down. Is It Legal to Carry Gold to India from the USA? Yes, it’s legal — if you follow the rules. Thousands of NRIs and tourists bring gold to India each year. The Government of India allows it. But there are strict customs rules on how much you can bring and what duty you’ll need to pay. What matters? Your citizenship status (Indian resident, NRI, or foreign national) How long you stayed abroad The form of gold — jewelry, bars, or coins Get any of these wrong, and you could lose your gold — or worse, face a fine. Duty-Free Gold Limit for Indian Passengers Here’s where most travelers mess up. You can’t carry unlimited gold without paying duty. According to Indian customs, duty-free allowance applies only to jewelry, not coins or bars. And there are strict weight limits: Male passengers: up to 20 grams of gold jewelry worth INR 50,000 Female passengers: up to 40 grams of gold jewelry worth INR 100,000 Sounds confusing? Here's an example: If you’re a... --- - Published: 2025-05-20 - Modified: 2025-06-09 - URL: https://mostlynri.com/income-tax-slabs-for-nris-in-fy-2024-25-a-complete-guide/ - Categories: Information Taxation in India can often feel complex—more so for Non-Resident Indians (NRIs) managing assets and income across borders. Whether you’re renting out property in India, earning interest from Indian bank accounts, or selling inherited assets, understanding the latest income tax slabs is essential. This article simplifies the tax structure for NRIs for Financial Year 2024–25 (Assessment Year 2025–26), so you can plan better and avoid surprises. Who Qualifies as an NRI for Tax Purposes? An individual is classified as a Non-Resident Indian (NRI) under Indian tax law if they: Spent less than 182 days in India during the financial year, or Spent less than 60 days in India in that year and less than 365 days in the preceding four years. Only the income earned or accrued in India is taxable for NRIs. Foreign earnings are not subject to Indian tax. Income Tax Regimes: Choose Wisely As an NRI, you can opt between two tax regimes: New Regime (with lower tax rates but fewer deductions) Old Regime (with higher rates but allows for various exemptions and deductions) Let’s look at the structure of both. New Tax Regime for FY 2024–25 This regime offers concessional rates but limits common deductions (e. g. , Section 80C, HRA, LTA). Below are the applicable tax slabs: Annual Income (₹) Tax Rate Up to ₹3,00,000 Nil ₹3,00,001 – ₹7,00,000 5% ₹7,00,001 – ₹10,00,000 10% ₹10,00,001 – ₹12,00,000 15% ₹12,00,001 – ₹15,00,000 20% Above ₹15,00,000 30% Key Notes for NRIs: Rebate under Section 87A (₹25,000 for... --- - Published: 2025-05-20 - Modified: 2025-06-09 - URL: https://mostlynri.com/complete-nri-guide-to-income-tax-slabs-in-india-for-fy-2025-26/ - Categories: Information Who Qualifies as an NRI for Tax Purposes? An individual is classified as a Non-Resident Indian (NRI) under Indian tax law if they: Spent less than 182 days in India during the financial year, or Spent less than 60 days in India in that year and less than 365 days in the preceding four years. Only the income earned or accrued in India is taxable for NRIs. Foreign earnings are not subject to Indian tax. Income Tax Regimes: Choose Wisely As an NRI, you can opt between two tax regimes: New Regime (with lower tax rates but fewer deductions) Old Regime (with higher rates but allows for various exemptions and deductions) New Tax Regime for FY 2025–26 Annual Income (₹) Tax Rate Up to ₹4,00,000 Nil ₹4,00,001 – ₹8,00,000 5% ₹8,00,001 – ₹12,00,000 10% ₹12,00,001 – ₹16,00,000 15% ₹16,00,001 – ₹20,00,000 20% ₹20,00,001 – ₹24,00,000 25% Above ₹24,00,000 30% Notes for NRIs: Rebate under Section 87A is not applicable. Standard deduction of ₹75,000 for salaried individuals. Family pension deduction of up to ₹25,000. NPS employer contribution up to 14% is deductible. Maximum surcharge capped at 25% (lower than the old regime). Old Tax Regime for FY 2025–26 Annual Income (₹) Tax Rate Up to ₹2,50,000 Nil ₹2,50,001 – ₹5,00,000 5% ₹5,00,001 – ₹10,00,000 20% Above ₹10,00,000 30% Note: Senior citizen benefits are not available to NRIs regardless of age. Surcharge and Cess Surcharge: 10% on income ₹50 lakh – ₹1 crore 15% on ₹1 crore – ₹2 crore 25% on... --- - Published: 2025-05-10 - Modified: 2025-06-09 - URL: https://mostlynri.com/can-nris-invest-in-mutual-funds-in-india-updated-2025/ - Categories: Information, NRI Finance If you’re an NRI (Non-Resident Indian) looking to invest in India, you might be wondering whether mutual funds are a viable option. The good news? Yes, NRIs can invest in mutual funds in India. This blog will walk you through the essentials of investing in Indian mutual funds as an NRI, including eligibility, procedures, and key considerations. Why Should NRIs Consider Investing in Indian Mutual Funds? India’s economy is one of the fastest-growing in the world, offering lucrative investment opportunities. Mutual funds provide NRIs with a convenient way to benefit from this growth. Here are a few reasons why NRIs should consider mutual funds: Diverse Investment Options: Indian mutual funds offer various options, including equity, debt, hybrid, and sector-specific funds. Professional Management: Experienced fund managers handle investments, making it easier for NRIs to gain exposure to Indian markets without constantly monitoring them. Potential for High Returns: The Indian equity market has historically delivered substantial returns over the long term. Rupee Appreciation: If the rupee appreciates against your resident country’s currency, you can gain additional returns. Also read Why Should US-Based Indians Avoid Investing in Indian Mutual Funds? Eligibility for NRIs to Invest in Mutual Funds NRIs can invest in mutual funds in India under the Foreign Exchange Management Act (FEMA). You need to fulfill certain criteria: KYC Compliance: NRIs must complete the Know Your Customer (KYC) process. This involves submitting documents such as: A copy of your passport A recent photograph Proof of overseas address PAN (Permanent Account Number) card... --- - Published: 2025-01-09 - Modified: 2025-06-09 - URL: https://mostlynri.com/upi-one-world-revolutionizing-cross-border-payments-for-indians/ - Categories: Banking in India, Digital Banking, Information, NRI Investments - Tags: #nriaccounts, #NRIbanking, #nrifinance, mostlynri, upifornri UPI One World: UPI for NRIs Unified Payments Interface (UPI) has become a household name in India, transforming the way people transact digitally. With its success domestically, the National Payments Corporation of India (NPCI) is now ready to take UPI to the next level by introducing UPI One World—a feature specifically designed for international travelers and NRIs, enabling seamless payments in India. NRIs often complain that while whole India is relishing the revolution of UPI, UPI for NRIs is still a dream. But not anymore! Also read How can NRIs use UPI? What is UPI One World? UPI One World is an initiative by NPCI to facilitate digital payments for international travelers visiting India. The feature allows travelers to create a Prepaid Payment Instrument (PPI) wallet linked to UPI, enabling them to make payments via UPI QR codes without the need for an Indian bank account. How Does UPI One World Work? Onboarding:International travelers can sign up for UPI One World at authorized kiosks located at major airports, hotels, and money exchange counters. Verification:Users must complete a Know Your Customer (KYC) process using their passport and visa. Wallet Setup:Upon successful verification, a PPI wallet is created and linked to a UPI ID. Adding Funds:Users can load money into the wallet using their international credit or debit cards. Payments:The linked UPI ID allows users to make payments by scanning UPI QR codes at merchants across India. Key Features of UPI One World: Prepaid Wallet Integration:Foreign travelers can easily load funds into... --- - Published: 2024-12-17 - Modified: 2025-06-10 - URL: https://mostlynri.com/what-are-investment-options-for-nris-ocis-in-gift-city/ - Categories: Finance, GIFT City, Global Markets, Information, NRI Investments - Tags: #giftcity, #investmentoptions, #nrifinance, #nriinvestments What Are Investment Options for NRIs/OCIs in GIFT City? If you’re an NRI (Non-Resident Indian) or OCI (Overseas Citizen of India) looking to invest in India, GIFT City (Gujarat International Finance Tec-City) might just be the perfect gateway. Imagine a financial hub designed to make global investing easier, more efficient, and tax-friendly—that’s GIFT City for you. But what exactly can you invest in, and how much money do you need to get started? Let’s break it down. Why GIFT City Is a Big Deal for NRIs/OCIs? GIFT City operates under India’s International Financial Services Centre (IFSC) framework—think of it as a mini financial world within India that follows global standards. Here’s what makes it stand out: Tax-Friendly Environment: Enjoy lower tax rates, tax exemptions, and fewer compliance headaches. Global Market Access: Invest in both Indian and international financial products from one place. Multi-Currency Transactions: No more juggling currency conversions—transact in INR, USD, EUR, and more. High-Tech Infrastructure: Trading and investments here are backed by state-of-the-art technology and regulatory ease. Now, let’s dive into the different ways you can put your money to work. 1. Opening Offshore Accounts at GIFT City Banks Several Indian banks have international banking units in GIFT City. Through these: Multi-Currency Accounts: Hold your funds in different currencies without the usual hassles. FCNR Deposits: Lock in attractive interest rates on foreign currency deposits. Structured Products: Explore investment products that mix fixed income with market-linked returns. Minimum Investment: You can often start with as little as a few... --- - Published: 2024-12-16 - Modified: 2025-06-10 - URL: https://mostlynri.com/should-nris-ocis-buy-life-insurance-in-india-or-their-home-country/ - Categories: Finance, Information, Insurance, Life Insurance, NRI Finance, NRI Resources - Tags: #financialplanning, #insuranceindia, #lifeinsurance, #nrifinance, #nriinsurance Should NRIs/OCIs Buy Life Insurance in India or Their Home Country? Life insurance is one of those things that’s always in the back of our minds—it’s about protecting your loved ones and planning for the unexpected. But if you’re an NRI (Non-Resident Indian) or OCI (Overseas Citizen of India), deciding whether to buy life insurance in India or your country of residence can feel like a tricky choice. Let’s dive into the pros and cons of each option so you can make an informed decision! Why Do NRIs/OCIs Need Life Insurance? Before we get into where you should buy it, let’s talk about why life insurance matters: Financial Protection for Your Family: Whether your loved ones are in India or abroad, life insurance ensures they’re taken care of financially if something happens to you. Loan and Debt Coverage: If you have a home loan or other liabilities, life insurance helps cover those obligations. Wealth Transfer and Tax Benefits: Life insurance can also be a great tool for passing on wealth to your heirs efficiently and with potential tax benefits. Now that we’re clear on the “why,” let’s talk about the “where. ” Buying Life Insurance in India: Pros: Affordable Premiums: Life insurance plans in India are often more affordable compared to many countries, especially for term insurance. India-Specific Coverage: If your family resides in India, buying a policy here ensures payouts are in Indian currency, avoiding exchange rate fluctuations. Investment-Linked Options: India offers a variety of plans that combine insurance... --- - Published: 2024-12-15 - Modified: 2025-06-10 - URL: https://mostlynri.com/why-should-us-based-indians-avoid-investing-in-indian-mutual-funds/ - Categories: Information, Mutual Funds, NRI Investments, Uncategorized - Tags: #nrifinance, fatcacompliance, investmenttips, investsmart, mutualfunds Why Should US-Based Indians Avoid Investing in Indian Mutual Funds? Introduction When it comes to growing wealth, mutual funds are often considered a first choice. But for US-based Indians or US-based NRIs (Non-Resident Indians), investing in Indian mutual funds can be more complicated than it seems. Here’s why steering clear of Indian mutual funds might be a better choice and what alternatives you can consider. Please remember that in this article, we are only talking about NRIs living in United States. 1. Tax Complexity: A Major Hurdle The biggest challenge with NRI investment in mutual funds in India is the tax implications. As a US-person, you are required to report your global income, including capital gains from Indian mutual funds, to the IRS. While India deducts a Tax Deducted at Source (TDS) on mutual fund gains, you might still have to pay taxes in the US due to differences in tax treaties and tax rates. For instance, capital gains tax in India is classified into short-term and long-term categories. However, the IRS does not follow this distinction, leading to double taxation unless you’re meticulous about claiming Foreign Tax Credit (FTC) benefits. But even the process of claiming FTC is tedious and can be costly. By contrast, other Indian investment options such as direct equity, real estate, or fixed deposits for NRIs can sometimes offer more favorable taxation. For instance, gains from equity investments held for more than a year are taxed at 10% in India, and you may be able... --- - Published: 2024-12-12 - Modified: 2025-06-10 - URL: https://mostlynri.com/tds-rules-for-nris-when-selling-property-in-india-2/ - Categories: Information, NRI Services, NRI Taxation, Property Sale, Taxation in India - Tags: #NRIproperty, #NRItaxation, #realestateindia, #TDS 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 to ensure compliance and avoid any legal issues. Let’s dive into a comprehensive guide on TDS rules for NRIs when selling property in India. Understanding TDS:   Tax Deducted at Source (TDS) is a mechanism of collecting income tax in India. Under this system, the payer (the buyer of the property) deducts a certain percentage of the payment and remits it to the government on behalf of the payee (the NRI seller). This ensures that tax is collected at the source of income, making the process transparent and straightforward. Also read Understanding Probate of Will in Indian Law: A Detailed Overview TDS Rates for NRIs: 1. Short-Term Capital Gains (STCG):   Definition: If the property is held for less than two years before selling, it is classified as a short-term capital asset. TDS Rate: The applicable TDS rate for short-term capital gains is 30% of the sale consideration. This rate may be higher when including surcharge and cess. Taxation: The gains are taxed at the applicable slab rates for NRIs, which might result in a higher overall tax liability. 2. Long-Term Capital Gains (LTCG):   Definition: If the property is held for more than two years before selling, it is classified as a long-term capital asset.... --- - Published: 2024-12-12 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-does-gift-city-help-nris-ocis-invest-in-india/ - Categories: Finance, GIFT City, Information, NRI Finance, NRI Investment, NRI Resources - Tags: #giftcity, #indianeconomy, #nriinvestment, #ociinvestment How Does GIFT City Help NRIs/OCIs Invest in India? If you’re an NRI (Non-Resident Indian) or OCI (Overseas Citizen of India), you’ve probably considered investing in India’s booming economy. But navigating regulations, currency issues, and tax complexities can be a challenge. That’s where GIFT City—India’s International Financial Services Centre (IFSC) in Gujarat—comes in as a game-changer. GIFT City (Gujarat International Finance Tec-City) is designed to make global financial transactions seamless, and it offers numerous benefits for NRIs and OCIs looking to invest in India. Let’s explore how. Also read How Much Does an NRI/OCI Need to Retire in India? Also read Streamlined NRI Tax Services in Calcutta – Trusted Guidance for Expats What Is GIFT City? GIFT City is India’s first operational smart city and IFSC, located in Gandhinagar, Gujarat. It serves as a hub for international financial services, akin to Singapore or Dubai. The city operates under its own special regulatory framework, which provides a global platform for financial transactions while offering incentives for businesses and investors. Benefits of Investing Through GIFT City: Access to Global Investment Products GIFT City allows NRIs/OCIs to invest in international and Indian markets seamlessly: You can open accounts with Indian banks operating in the IFSC to trade in global equities, bonds, and other financial instruments. It provides access to India’s international financial products, such as offshore derivatives and foreign currency-denominated bonds. Special Tax Incentives One of the key attractions of GIFT City is its tax-friendly framework: No Capital Gains Tax: Investments in certain... --- - Published: 2024-12-01 - Modified: 2025-06-10 - URL: https://mostlynri.com/everything-you-need-to-know-about-the-overseas-citizenship-of-india-oci/ - Categories: Citizenship, Information, Legal insights, Travel and Residency - Tags: #indiandiaspora, #indianpassport, #oci, #overseascitizenship Everything You Need to Know About the Overseas Citizenship of India (OCI) The Overseas Citizenship of India (OCI) card is a boon for persons of Indian origin who seek to reconnect with their heritage while maintaining their current nationality. Here's a detailed guide to understanding OCI, based on frequently asked questions. What is the OCI Card? The OCI card grants individuals of Indian origin multiple entry, long-term visas to India. It provides significant benefits, including parity with Non-Resident Indians (NRIs) in certain domains, but does not equate to full Indian citizenship. Eligibility Criteria: You may be eligible for an OCI card if: You were an Indian citizen at any point or are the descendant of such a person. You are a spouse of an Indian citizen or an existing OCI cardholder (married for at least two years). Minors whose parents meet the eligibility. Ineligibility: Individuals with foreign military service or from Pakistan or Bangladesh cannot apply. Benefits of an OCI Card: Travel: Lifelong, multiple-entry visa to India. Residency: No need for separate registration for stays over six months. Education and Employment: Equal treatment as NRIs for educational and financial purposes (except certain restricted activities). Economic Opportunities: Can invest in property (excluding agricultural/plantation land). However, OCI cardholders cannot: Vote or hold public office. Apply for government jobs or services. Purchase agricultural properties. Application and Documentation: Online Submission: Fill out the application form on the OCI portal. Upload required documents: proof of Indian origin, current passport, and other supporting documentation. Verification: Visit... --- - Published: 2024-11-30 - Modified: 2025-06-10 - URL: https://mostlynri.com/simplify-your-finances-with-nri-tax-services-in-delhi/ - Categories: Citizenship Process, Financial Services, Information, NRI Taxation, Tax Solutions - Tags: #delhifinances, #financialplanning, #nritaxservices, #taxsolutions, delhi Simplify Your Finances with NRI Tax Services in Delhi Managing taxes as an NRI can be complex, especially in a bustling city like Delhi. With rapidly changing tax regulations and a focus on compliance, navigating the financial landscape requires expertise. Whether you’re dealing with property sales, rental income, or global earnings, Mostly NRI is your trusted partner for reliable and efficient tax services in Delhi. Why NRIs in Delhi Need Specialized Tax Services? Delhi is a hub for NRIs who maintain properties, businesses, or investments in India. While opportunities abound, so do the complexities of tax obligations. Common challenges include: High TDS Deductions: NRIs face a TDS of up to 30% on property sales or rental income, often resulting in blocked funds. Mostly NRI helps in securing lower TDS certificates, ensuring a smoother process. Double Taxation Concerns: Many NRIs are taxed in both India and their country of residence. Mostly NRI ensures effective use of Double Taxation Avoidance Agreements (DTAA) to reduce liabilities. Keeping Up with Regulations: Changes in Indian tax laws often lead to errors in filings. Mostly NRI stays ahead of these updates, ensuring your compliance. Services Offered by Mostly NRI in Delhi Income Tax Filing for NRIs: Hassle-free preparation and filing of IT returns, ensuring accuracy and compliance. Capital Gains Tax Advisory: Expert guidance on minimizing liabilities from the sale of assets, including exemptions under Section 54 and 54EC. Rental Income Compliance: Assistance with TDS deductions, refunds, and streamlined reporting. Financial Planning: Tax-efficient strategies to manage your... --- - Published: 2024-11-30 - Modified: 2025-06-10 - URL: https://mostlynri.com/expert-nri-tax-services-in-pune-for-hassle-free-compliance/ - Categories: Financial Services, Information, NRI Taxation - Tags: #capitalgainstax, #financialservices, #pune, #punetaxsolutions, #taxcompliance, nritaxes Expert NRI Tax Services in Pune for Hassle-Free Compliance Pune, a city known for its thriving industries and rich cultural heritage, attracts NRIs managing investments and properties in India. However, tax compliance can become challenging due to India’s intricate laws. Mostly NRI, a leader in NRI tax services, ensures seamless management of all your tax-related needs in Pune. Unique Tax Challenges for NRIs in Pune Rental Income Reporting NRIs owning properties in Pune must ensure compliance with TDS laws and accurately report rental income. Capital Gains Tax on Property Sales Selling property in Pune involves calculating capital gains tax and exploring exemptions. Mostly NRI simplifies this for you. Investment Taxation Pune’s growing real estate and mutual fund market attracts NRI investors. Managing taxes on these investments can be tricky without expert advice. Compliance with DTAA Many NRIs fail to utilize the Double Taxation Avoidance Agreement effectively, resulting in double tax payments. How Mostly NRI Addresses These Challenges Customized Filing Assistance: Tailored solutions for property, investment, and income tax filings. DTAA Optimization: Maximizing benefits to reduce tax liabilities in both India and your country of residence. Property Tax Advisory: Simplifying the sale, rental, or inheritance of assets. Refund Claims: Ensuring timely refunds for over-deducted TDS. Additional Value for NRIs in Pune Comprehensive Financial Guidance From PAN applications to remittance advisory, Mostly NRI ensures you’re financially secure. Updated Compliance The team’s expertise in India’s ever-changing tax laws ensures error-free filings. Why Choose Mostly NRI for Tax Services in Pune? Expertise: Decades of... --- - Published: 2024-11-30 - Modified: 2025-06-10 - URL: https://mostlynri.com/streamlined-nri-tax-services-in-calcutta-trusted-guidance-for-expats/ - Categories: Financial Services, Information, NRI Taxation, Tax Solutions - Tags: #calcuttaservices, #financialplanning, calcutta, nritaxes, propertytax Streamlined NRI Tax Services in Calcutta – Trusted Guidance for Expats Calcutta (Kolkata), the cultural hub of India, holds special significance for NRIs with ancestral ties to the region. From managing inherited property to ensuring tax compliance, NRIs often face unique challenges when dealing with Indian tax laws. The complexities of taxation can become overwhelming without the right guidance. Thankfully, Mostly NRI offers expert NRI tax services in Calcutta. Whether you’re dealing with capital gains, rental income, or investment taxes, Mostly NRI simplifies the process, making it seamless and stress-free. Also read Why Should NRIs File Tax Returns in India? A Complete Guide Why Choose NRI Tax Services in Calcutta? 1. Property Management Challenges Many NRIs own property in Calcutta, either through inheritance or investment. Selling or renting these properties involves high TDS rates and capital gains taxes. Solution: Mostly NRI handles all aspects of property taxation, ensuring compliance while maximizing savings. 2. Navigating Inherited Wealth Tax implications on inherited property or wealth can be complex and vary based on ownership details. Solution: Mostly NRI provides clarity and helps manage all tax-related formalities. 3. Double Taxation Complications Paying taxes in both India and your country of residence can lead to financial strain. Solution: Mostly NRI ensures optimal utilization of DTAAs to minimize your tax liability. Services Offered by Mostly NRI in Calcutta 1. Comprehensive Income Tax Services Filing accurate income tax returns, including disclosures for Indian income sources. Advisory on tax-saving investments under Section 80C. 2. Property Tax Compliance Assistance... --- - Published: 2024-11-29 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-to-obtain-indian-citizenship-for-your-child-with-a-non-indian-passport/ - Categories: Citizenship Process, Information, Legal insights, NRI Guidelines, NRI Services - Tags: #childcitizenship, #citizenshipbydescent, #indiancitizenship, #nricitizenship, #ocicard How to Obtain Indian Citizenship for Your Child with a Non-Indian Passport? India allows individuals to acquire citizenship under specific conditions defined by the Indian Citizenship Act, 1955. If your child has a non-Indian passport but qualifies for Indian citizenship, you can follow the outlined process. Here’s a step-by-step guide: 1. Determine Eligibility Your child may qualify for Indian citizenship under the following criteria: a) By Descent: If at least one parent was an Indian citizen at the time of the child’s birth, the child is eligible for citizenship by descent. If the child was born outside India: For births before December 3, 2004: Citizenship is granted automatically if either parent is Indian. For births after December 3, 2004: The child is eligible if the birth is registered with an Indian consulate within one year of birth. b) By Registration: If your child does not qualify for citizenship by descent but you, as a parent, are an Indian citizen, you can apply for Indian citizenship for the child by registration. This applies to children born abroad who are not automatically granted Indian citizenship. c) By Naturalization: In rare cases, if your child has been living in India for a prescribed period and meets other conditions, citizenship by naturalization may apply. 2. Apply for Citizenship by Descent (If Eligible) Step 1: Register the Birth with the Indian Consulate Visit the nearest Indian embassy or consulate if the child’s birth was not registered within one year. Provide proof of parent(s)’ Indian citizenship... --- - Published: 2024-11-25 - Modified: 2025-06-10 - URL: https://mostlynri.com/can-nris-can-obtain-education-loans-from-indian-banks-for-pursuing-education-in-india/ - Categories: Education Loans, Finance, Information, NRI Banking, NRI Services - Tags: #educationloans, #financialplanning, #indianbanks, #nriloans, #studyinindia Can NRIs can obtain education loans from Indian banks for pursuing education in India? Yes, Non-Resident Indians (NRIs) can obtain education loans from Indian banks for pursuing education in India. Many Indian banks offer education loan schemes tailored for NRIs and their dependents. For instance, South Indian Bank provides education loans to NRIs to support their children’s education in recognized schools and colleges within India. Similarly, Federal Bank offers the “Special Vidya Loan for NRIs,” which can be availed for higher studies in India. This loan covers various educational expenses and offers benefits such as speedy approval and minimal paperwork. It’s important to note that eligibility criteria, loan amounts, interest rates, and repayment terms may vary between banks. Typically, these loans require a co-applicant residing in India, such as a parent or guardian, and may necessitate collateral depending on the loan amount. Prospective applicants should consult with the specific bank to understand the detailed requirements and terms associated with the education loan. More read Which Banks Are Best for NRIs? --- - Published: 2024-11-25 - Modified: 2025-06-10 - URL: https://mostlynri.com/can-nris-keep-post-office-accounts-after-leaving-india/ - Categories: Finance, Indian Savings Schemes, Information, NRI Investments, NRI Services - Tags: #financialadvice, #indianinvestments, #nrirestrictions, #postofficeschemes Can NRIs keep Post Office accounts after leaving India? Non-Resident Indians (NRIs) face specific restrictions regarding investments in Indian Post Office savings schemes. Here’s an overview: Opening New Accounts: NRIs are not permitted to open new Post Office savings accounts or invest in schemes such as the Public Provident Fund (PPF), National Savings Certificate (NSC), and other small savings instruments. Existing Accounts: If an individual opened a PPF account while residing in India and later became an NRI, they can continue to maintain the account until its maturity. However, they are not allowed to extend the account beyond the initial 15-year term. Interest Rates and Taxation: The interest earned on PPF accounts remains tax-free in India, regardless of the account holder’s residential status. However, NRIs should be aware of potential tax implications in their country of residence, as some countries may tax foreign income. Alternative Investment Options: While NRIs cannot invest in Post Office schemes, they have access to other investment avenues in India, such as: National Pension System (NPS): NRIs can invest in NPS, which offers retirement benefits. Equity Market and Mutual Funds: NRIs can invest in Indian equities and mutual funds, subject to certain regulations Fixed Deposits: NRIs can open Non-Resident External (NRE) or Non-Resident Ordinary (NRO) fixed deposit accounts with Indian banks Real Estate: NRIs can invest in residential and commercial properties in India, though there are restrictions on agricultural land It’s advisable for NRIs to consult with financial advisors or legal experts to understand the regulations... --- - Published: 2024-11-20 - Modified: 2025-06-10 - URL: https://mostlynri.com/why-should-nris-file-tax-returns-in-india-a-complete-guide/ - Categories: Finance, Information, NRI Services, Taxation, Taxation in India - Tags: #filetaxreturns, #financialguidance, #indiantaxlaws, #nriindia, nritaxes Why Should NRIs File Tax Returns in India? A Complete Guide As Non-Resident Indians (NRIs) continue to build ties with India through investments, properties, and family connections, they also need to navigate tax regulations to ensure compliance and avoid potential legal issues. While NRIs are not required to file income tax returns in India under all circumstances, there are several scenarios where doing so becomes essential or beneficial. In this guide, we’ll explain the circumstances under which NRIs should file tax returns in India, the advantages of doing so, and how filing a return can help NRIs secure their assets and financial interests back home. Also read Can NRIs Invest in Mutual Funds in India? A Comprehensive Guide 1. Understanding NRI Tax Residency Status in India Before diving into the reasons for filing tax returns, it’s crucial to understand how the tax residency status of an NRI is determined. According to Indian tax laws, an individual qualifies as an NRI if they: Spend less than 182 days in India during the financial year, OR Have spent more than 365 days in India over the past four years but less than 60 days in the current financial year. If you meet either of these conditions, you are classified as an NRI for tax purposes, and only your income earned or received in India is taxable in India. However, despite limited tax liability, NRIs still have situations where filing tax returns in India is essential. 2. Scenarios When NRIs Must File Tax... --- - Published: 2024-11-20 - Modified: 2025-06-10 - URL: https://mostlynri.com/converting-physical-shares-into-dematerialized/ - Categories: NRI Investments, NRI Resources, NRI Services, NRI Taxation, NRI/OCI Guidance, Taxation, Taxation in India - Tags: #demataccount, #dematform, #nriinvestments, #physicalshares, #sebideadline Converting physical shares into dematerialised Converting physical shares into dematerialized (demat) form is a crucial step for Non-Resident Indians (NRIs) looking to manage their investments more efficiently in India. Here’s a detailed guide on how NRIs can go about this process: Step-by-Step Guide to Convert Physical Shares into Demat Form: Open a Demat Account: First, an NRI needs to open a demat account with a registered Depository Participant (DP). This could be a bank, a financial institution, or a brokerage firm. For NRIs, specific documents such as a passport copy, overseas and Indian address proofs, PAN card, and photographs are required. Matching Names: Ensure that the name on the demat account matches the name on the share certificates. If there is a discrepancy, such as a change due to marriage or other reasons, you may need to submit additional supporting documents like a gazette notification or a marriage certificate to rectify this. Submit Dematerialisation Request Form (DRF): Fill out a DRF, providing details such as the company name, certificate numbers, and the quantity of shares you want to dematerialize. Each company’s shares will require separate DRFs if they are from different companies. Surrender Physical Share Certificates: Along with the DRF, submit your physical share certificates to the DP. These will need to be endorsed with a signature that matches the one registered with your demat account. Verification Process: The DP will verify the submitted documents and share certificates. It’s essential to ensure all documents are complete and correctly filled to... --- - Published: 2024-11-20 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-can-nris-use-upi/ - Categories: Digital Banking, Financial Technology, Information, NRI Services - Tags: #digitalbanking, #internationalbanking, #nriupi, #nriwallet, #upitransactions How can NRIs use UPI? As of January 2023, the National Payments Corporation of India (NPCI) announced that Non-Resident Indians (NRIs) from select countries can access UPI services using their international mobile numbers linked to NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts. This initiative aims to facilitate seamless digital transactions for NRIs. Eligible Countries: NRIs from the following countries can utilize UPI with their international numbers: Singapore Australia Canada Hong Kong Oman Qatar USA Saudi Arabia United Arab Emirates United Kingdom Steps to Use UPI with an International Number: Maintain an NRE or NRO Account: Ensure you have an NRE or NRO account with a bank in India that supports UPI transactions. Link Your International Mobile Number: Register your international mobile number with your NRE or NRO account. Choose a UPI App: Select a UPI-enabled application that supports international numbers, such as PhonePe. Most people have found success with ONLY PhonePe Register on the UPI App: Download and install the chosen UPI app. Initiate the registration process using your international mobile number. Complete the verification process as prompted. Link Your Bank Account: Connect your NRE or NRO account to the UPI app. Set a UPI PIN: Establish a UPI PIN to secure your transactions. Important Considerations: Bank Support: Not all banks may support UPI for international numbers. It’s advisable to confirm with your bank regarding this facility. App Compatibility: Ensure the UPI app you choose supports registration with international numbers. Transaction Limits and Charges: Be aware of any transaction... --- - Published: 2024-11-19 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-to-obtain-a-single-status-certificate-from-india-a-comprehensive-step-by-step-guide/ - Categories: Information, International Marriage, Legal Documentation, NRI Services, Visa and Immigration - Tags: #indianmarriagedocuments, #legalpaperwork, #marriageabroad, #singlestatuscertificate How to Obtain a Single Status Certificate from India: A Comprehensive Step-by-Step Guide With an increasing number of Indians moving abroad for personal or professional reasons, the need to obtain specific legal documents has also grown. Among these is the Single Status Certificate—a document that verifies a person’s unmarried status. This certificate is especially important for those who plan to marry abroad, apply for certain visas, or meet other administrative requirements that demand proof of single status. In this guide, we’ll walk you through everything you need to know about obtaining a Single Status Certificate from India, including detailed steps, requirements, and tips to make the process smoother. What is a Single Status Certificate? A Single Status Certificate (sometimes referred to as a “Certificate of No Impediment” or “Certificate of Freedom to Marry”) is an official document issued by a government authority that confirms a person is unmarried. Essentially, it states that there are no legal impediments preventing the individual from marrying. This certificate is often requested by foreign authorities when someone wishes to marry a foreign national or marry abroad. Why Do You Need a Single Status Certificate? You may need a Single Status Certificate for various purposes, including: Marriage Abroad: Many countries require proof of single status before allowing a foreigner to marry one of their citizens. Visa and Immigration: Some countries may ask for a Single Status Certificate as part of their visa application process, especially if you’re moving for marriage. Legal and Administrative Purposes: Occasionally, a... --- - Published: 2024-11-19 - Modified: 2025-06-10 - URL: https://mostlynri.com/what-is-and-how-to-obtain-a-medium-of-instruction-certificate-in-india/ - Categories: Banking in India, Information, NRI Banking, NRI Services - Tags: #bankingservices, #indianbanks, #nriaccounts, #nriinvestments, #personalfinance, NRI What is and How to Obtain a Medium of Instruction Certificate in India? When planning to study, work, or migrate abroad, many people find themselves needing specific educational documents to meet foreign requirements. One such document is the Medium of Instruction Certificate (MOI), which verifies the language in which a student’s coursework was taught. The MOI is increasingly becoming an essential requirement, especially for those whose primary language of education was English, and who are looking to prove their proficiency without undergoing additional language tests. In this guide, we’ll explain what the Medium of Instruction Certificate is, why it’s important, and how to obtain it in India. What is a Medium of Instruction (MOI) Certificate? A Medium of Instruction (MOI) Certificate is an official document issued by an educational institution (such as a school, college, or university) that confirms the language used to instruct students during their studies. For example, if you completed your education with English as the primary language of instruction, the MOI certificate will affirm this. MOI certificates are especially valuable for individuals planning to: Study Abroad: Many universities and colleges abroad require proof of the language in which an applicant’s prior studies were conducted. Work Abroad: Some employers and immigration authorities may accept the MOI in place of other language proficiency certificates, such as IELTS or TOEFL. Apply for Immigration or Residency: Certain immigration programs recognize the MOI as evidence of language ability, which can support visa and residency applications. Why Do You Need a Medium... --- - Published: 2024-11-19 - Modified: 2025-06-10 - URL: https://mostlynri.com/what-is-embassy-attestation-in-india-a-comprehensive-guide/ - Categories: Document Verification, Information, International Travel, Legal Documentation, Legal insights, NRI Services - Tags: #documentverification, #embassyattestation, #indiandocuments, #legalprocedures, #travelrequirements What is Embassy Attestation in India? A Comprehensive Guide In today’s interconnected world, Indians frequently travel abroad for education, employment, marriage, or migration. Many of these international journeys require specific documentation, especially when it involves formal procedures like visa applications, job offers, and educational enrollments. One key step in verifying these documents is Embassy Attestation. But what exactly does this mean, and how does it impact your overseas plans? In this blog, we’ll explain the concept of Embassy Attestation in India, why it’s necessary, and the steps you need to follow to get it done. What is Embassy Attestation? Embassy Attestation is the process of verifying documents by a foreign country’s embassy or consulate based in India. This verification is done to certify the authenticity of documents issued in India for use abroad. Essentially, embassy attestation proves that your documents are valid and genuine, making them acceptable to foreign authorities. Embassy attestation is required for various types of documents, including: Educational Certificates: Academic transcripts, diplomas, and degrees. Personal Documents: Birth certificates, marriage certificates, police clearance certificates. Commercial Documents: Power of attorney, company registration, and commercial invoices. Why Do You Need Embassy Attestation? When you present Indian documents in a foreign country, they may not be automatically recognized as valid by that country’s government or institutions. Embassy attestation is required to ensure that these documents are accepted and considered authentic by the foreign country. Here are some common scenarios where embassy attestation is needed: Employment Visas: To work abroad, especially in... --- - Published: 2024-11-18 - Modified: 2025-06-10 - URL: https://mostlynri.com/which-banks-are-best-for-nris/ - Categories: Banking in India, Information, NRI Banking, NRI Services - Tags: #bankingservices, #indianbanks, #nriaccounts, #nriinvestments, #personalfinance, NRI Which Banks Are Best for NRIs? NonResident Indians (NRIs) have unique banking needs that often require a blend of domestic and international banking features. Whether you’re an NRI looking to manage funds back home, invest in India, or repatriate earnings abroad, choosing the right bank can make a significant difference. With multiple banks offering specialized NRI banking services, here’s a detailed guide to help you make an informed decision. Key Features to Look for in NRI Banking Services Before diving into specific banks, it’s essential to understand the features you should prioritize: Ease of Account Opening: Online account opening and remote assistance are vital for NRIs. NRI Account Options: Banks should offer NRE (NonResident External), NRO (NonResident Ordinary), and FCNR (Foreign Currency NonResident) accounts. Competitive Interest Rates: Look for attractive interest rates on deposits and savings accounts. Repatriation Facilities: Seamless repatriation of funds is a must for NRIs. Global Presence: Banks with an international footprint or partnerships make transactions smoother. Investment Options: Access to mutual funds, fixed deposits, and other investment avenues tailored for NRIs. Customer Support: Dedicated 24×7 NRI helpdesks ensure your queries are addressed promptly. Top Private Banks for NRIs in India: 1. HDFC Bank Why Choose HDFC Bank? Strong digital banking infrastructure. Wide range of NRI account options and investment products. Global investment opportunities and tax advisory services. Highlights: 24×7 NRI Relationship Manager service. Easy online account opening from abroad. Customized foreign exchange solutions. 2. ICICI Bank Why Choose ICICI Bank? Extensive international presence with branches in... --- - Published: 2024-11-15 - Modified: 2025-06-10 - URL: https://mostlynri.com/understanding-capital-gains-tax-rules-on-property-sales-in-india-a-complete-guide/ - Categories: Finance, Information, NRI Services, Taxation, Taxation in India - Tags: #NRIproperty, capitalgains, indiantaxation, propertytax, taxplanning Understanding Capital Gains Tax Rules on Property Sales in India: A Complete Guide Selling property in India can be a profitable venture, but it’s essential to understand the tax implications associated with it. One of the most significant considerations is capital gains tax, which is levied on the profit you make from the sale of a capital asset, such as property. In this blog, we’ll break down the capital gains tax rules for property sales in India, including what capital gains are, the types of capital gains, applicable tax rates, exemptions, and tips for tax planning. What are Capital Gains? Capital gains are the profits earned when you sell a capital asset, like real estate, at a price higher than the purchase price. These gains are classified into two types based on the duration you hold the asset before selling: Short-Term Capital Gains (STCG): If the property is held for less than 24 months (2 years) before selling, it falls under short-term capital gains. Long-Term Capital Gains (LTCG): If the property is held for more than 24 months, it qualifies as long-term capital gains. This classification is essential as it impacts the tax rate and available exemptions. Tax Rates for Capital Gains on Property Sales The tax rates for capital gains on property sales differ for short-term and long-term holdings: Short-Term Capital Gains Tax: STCG on property is taxed at the individual’s applicable income tax slab rate. This means that short-term gains are added to your income for the year... --- - Published: 2024-11-14 - Modified: 2025-06-10 - URL: https://mostlynri.com/which-type-of-bank-account-should-an-nri-open-in-india-a-complete-guide/ - Categories: Information, NRI Banking, NRI Investments, NRI Services - Tags: banking, fcnr, indianbanking, nreaccount, NRI, nroaccount Which Type of Bank Account Should an NRI Open in India? A Complete Guide As globalization continues to reshape the world, more Indians are choosing to live, work, and settle abroad. However, Non-Resident Indians (NRIs) often maintain strong ties with India, whether it’s for investment, family, or property management. To facilitate these connections, India offers specialized bank accounts designed to help NRIs manage their finances effectively while residing outside the country. Choosing the right type of bank account can make a significant difference in managing funds and handling foreign exchange, repatriation, and taxation. This guide will walk you through the various bank accounts available to NRIs and help you choose the one that best fits your needs. Understanding the Basics: Who Qualifies as an NRI? Before diving into the account types, it’s essential to understand who qualifies as an NRI. Under Indian law, an NRI is an Indian citizen who has lived outside of India for employment, business, or any other purpose for more than 182 days in a financial year. If you fall under this category, you’re eligible to open an NRI-specific bank account in India. Types of Bank Accounts for NRIs in India India offers three main types of bank accounts tailored specifically for NRIs: Non-Resident External (NRE) Account, Non-Resident Ordinary (NRO) Account, and Foreign Currency Non-Resident (FCNR) Account. Each type of account has unique features, benefits, and tax implications. Let’s explore each of these in detail: 1. Non-Resident External (NRE) Account The Non-Resident External (NRE) Account is... --- - Published: 2024-11-05 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-can-nris-help-parents-obtain-pmjay-benefit/ - Categories: Government Schemes, Health Insurance, Information, NRI Resources, NRI Services - Tags: #ayushmanbharat, #elderlycare, #healthcare, #indianhealthscheme, #pmjay How can NRIs help parents obtain PMJAY benefit? The Pradhan Mantri Jan Arogya Yojana (PMJAY), also known as Ayushman Bharat, is a government health insurance scheme in India that provides coverage of up to ₹5 lakh per family per year for secondary and tertiary care hospitalization. As of September 2024, the scheme has been expanded to include all senior citizens aged 70 and above, irrespective of their income or socio-economic status. As a Non-Resident Indian (NRI), you can assist your parents in India to enroll in the PMJAY scheme by following these steps: 1. Verify Eligibility: Ensure your parents are eligible for the scheme. All senior citizens aged 70 and above are now eligible for PMJAY benefits. 2. Gather Necessary Documents: Prepare the required documents for enrollment, which typically include: Aadhaar Card Ration Card Age Proof (if not mentioned in Aadhaar) 3. Online Enrolment Process: Access the Official Portal: Visit the official PMJAY website - https://beneficiary. nha. gov. in/ Login as Beneficiary and follow the next steps. Use the video help if required - https://www. youtube. com/playlist? list=PLYcj0BpCoCc4yDCm7A4xxsjkg4gmxnWre Complete e-KYC: If eligible, proceed with the electronic Know Your Customer (e-KYC) process by entering the Aadhaar number and verifying it through an OTP sent to the registered mobile number. Download Ayushman Card: Upon successful verification, download the Ayushman Card, which can be used to avail of cashless treatment at empanelled hospitals. 4. Offline Enrolment Process: Visit a Common Service Centre (CSC): Your parents can visit the nearest CSC or an empanelled... --- - Published: 2024-10-30 - Modified: 2025-06-10 - URL: https://mostlynri.com/can-nris-send-money-to-ppf-account/ - Categories: Information, NRI Investment, NRI Services, TAX - Tags: #financialplanning, #nriinvestment, nritaxes, ppf, ppfaccount 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 to continue making contributions to that account until it matures (15 years from the date of opening). Here are some key points regarding NRIs and PPF accounts: 1. Continuation of Existing Accounts: NRIs can continue contributing to an existing PPF account they opened before becoming an NRI. However, they cannot extend it beyond the initial 15-year maturity period. 2. Deposit Limits and Interest: The maximum deposit limit remains the same at ₹1. 5 lakh per year, and the interest earned on the PPF balance is tax-free in India. But NRIs should check if the interest is taxable in their country of residence. 3. No New Accounts: NRIs are not allowed to open new PPF accounts once their residency status changes to non-resident. 4. Account Closure on Maturity: Upon maturity, NRIs cannot extend the PPF account further. They must close it and withdraw the proceeds. NRIs interested in continuing with long-term, tax-saving investments may consider alternatives like the National Pension System (NPS) or other investment options in India suited to their needs and residency status. Also read: How to Withdraw Your Provident Fund (PF) When You’re Outside India --- - Published: 2024-10-29 - Modified: 2025-06-10 - URL: https://mostlynri.com/whats-the-tax-rule-on-nris-investment-in-indian-mutual-funds/ - Categories: Information, Mutual Funds, NRI Investment, NRI Services - Tags: #indianmutualfunds, #mutualfundtaxation, #nriinvestment, #nritaxrules 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 to NRIs on mutual fund investments in India: 1. Taxation on Capital Gains: The tax treatment for capital gains on mutual fund investments depends on the type of mutual fund and the holding period: Equity-Oriented Mutual Funds: Short-Term Capital Gains (STCG): Gains from equity mutual funds held for less than 12 months are classified as short-term and taxed at 15%. Long-Term Capital Gains (LTCG): Gains from equity mutual funds held for more than 12 months are considered long-term. Gains up to ₹1 lakh in a financial year are tax-exempt, while gains above ₹1 lakh are taxed at 10% without the benefit of indexation. Debt-Oriented Mutual Funds: Short-Term Capital Gains (STCG): Gains from debt mutual funds held for less than 36 months are considered short-term and are taxed as per the investor’s income tax slab. Long-Term Capital Gains (LTCG): Gains from debt mutual funds held for more than 36 months are considered long-term and are taxed at 20% with indexation benefits. Indexation adjusts the purchase price for inflation, reducing the tax burden. 2. Tax Deducted at Source (TDS): For NRIs, Tax Deducted at Source (TDS) is applicable on the capital gains earned from mutual fund redemptions: Equity-Oriented Funds: 15% TDS is applied on STCG. 10% TDS is applied... --- - Published: 2024-10-27 - Modified: 2025-06-10 - URL: https://mostlynri.com/demat-account-for-nris-common-questions-and-answers/ - Categories: Information, NRI Investment, NRI Services - Tags: #demataccount, #demataccountnris, #indianstockmarket, #nriinvestment 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 NRIs to hold shares and securities in an electronic format, making the process of investing in Indian stock markets more straightforward. Here, we address some of the most common questions NRIs have regarding Demat accounts: 1. What is a Demat Account, and Why Do NRIs Need It? A Demat account, short for "Dematerialized account," is used to hold shares and securities in an electronic format. NRIs need a Demat account to invest in the Indian stock market. This account simplifies the process of buying, selling, and holding securities such as shares, mutual funds, bonds, and exchange-traded funds (ETFs). 2. Can NRIs Open a Demat Account in India? Yes, NRIs are permitted to open a Demat account in India. The account can be opened with any SEBI-registered Depository Participant (DP), which could be a bank, broker, or financial institution. However, NRIs need to comply with specific regulations under the Foreign Exchange Management Act (FEMA). 3. What Types of Demat Accounts Can NRIs Open? NRIs can open two types of Demat accounts, each serving a different purpose: NRE Demat Account: This account is linked to an NRE (Non-Resident External) bank account. It allows repatriation of funds, meaning both the principal and earnings can be transferred abroad without any restrictions. This account is... --- - Published: 2024-10-22 - Modified: 2025-06-10 - URL: https://mostlynri.com/tds-rules-for-nris-when-selling-property-in-india/ - Categories: Information, NRI Services, NRI Taxation, Property Sale, Taxation in India - Tags: #NRIproperty, #NRItaxation, #realestateindia, #TDS 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 to ensure compliance and avoid any legal issues. Let’s dive into a comprehensive guide on TDS rules for NRIs when selling property in India. Understanding TDS: Tax Deducted at Source (TDS) is a mechanism of collecting income tax in India. Under this system, the payer (the buyer of the property) deducts a certain percentage of the payment and remits it to the government on behalf of the payee (the NRI seller). This ensures that tax is collected at the source of income, making the process transparent and straightforward. TDS Rates for NRIs: 1. Short-Term Capital Gains (STCG): Definition: If the property is held for less than two years before selling, it is classified as a short-term capital asset. TDS Rate: The applicable TDS rate for short-term capital gains is 30% of the sale consideration. This rate may be higher when including surcharge and cess. Taxation: The gains are taxed at the applicable slab rates for NRIs, which might result in a higher overall tax liability. 2. Long-Term Capital Gains (LTCG): Definition: If the property is held for more than two years before selling, it is classified as a long-term capital asset. TDS Rate: The applicable TDS rate for long-term capital gains is 20% of the sale... --- - Published: 2024-10-14 - Modified: 2025-06-10 - URL: https://mostlynri.com/kyc-issues-for-nris/ - Categories: Banking Solutions, Information, KYC Compliance, NRI Services - Tags: #bankingsolutions, #digitalverification, #KYCforNRIs, #NRIbanking, #NRIcompliance, NRI Solving KYC Issues for NRIs: Practical Steps 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 complying with KYC requirements on Indian websites. This blog explores the actual solutions and steps that NRIs can take to simplify the KYC process. Step-by-Step Guide to Solving KYC Issues for NRIs 1. Utilise Video KYC Steps to Follow: Choose a Service Provider: Opt for banks or financial institutions that offer video KYC services. Major banks like SBI, HDFC, and ICICI have adopted this method. Schedule a Video Call: Contact the bank to schedule a video call at a convenient time. Prepare Documents: Have your passport, PAN card, and overseas address proof ready for verification during the call. Complete the Process: During the call, a bank representative will verify your documents and take a screenshot for records. Benefits: No need for physical presence in India. Faster and more convenient verification process. 2. Submit Self-Attested Documents Online Steps to Follow: Gather Required Documents: Ensure you have a self-attested copy of your passport, PAN card, and proof of overseas address. Log in to the Website: Access the financial institution’s website where you need to complete KYC. Upload Documents: Follow the instructions to upload scanned copies of your self-attested documents. Track Application: Use the tracking facility (if available) to monitor the status of your KYC application. Benefits: Remote submission of documents. Reduces the need for physical presence. 3. Use Notarised Documents Steps... --- - Published: 2024-10-09 - Modified: 2025-06-10 - URL: https://mostlynri.com/inheritance-planning-for-indians-a-comprehensive-guide/ - Categories: Estate Planning, Information, NRI Services - Tags: #assetmanagement, #estateplanningindia, #inheritanceplanning, indianinheritancelaws Inheritance Planning for Indians: A Comprehensive Guide Inheritance planning is a crucial aspect of financial management that ensures the smooth transfer of assets and wealth to the next generation. For Indians, understanding the legal framework and taking proactive steps can help avoid disputes and secure the future of legal heirs. Here’s a comprehensive guide to inheritance planning in India: Importance of Inheritance Planning: Proper inheritance planning ensures that the financial needs of dependents and loved ones are met after the death of the primary breadwinner. It also minimizes disputes among heirs and provides clarity on the distribution of assets. Key Components of Inheritance Planning: Wills: A will is a legal document that outlines how an individual's assets will be distributed after their death. It is essential to have a valid will to ensure that your wishes are carried out. Trusts: Trusts are legal arrangements where assets are held by a trustee for the benefit of the beneficiaries. Trusts can help manage and protect assets, provide tax benefits, and ensure that the assets are used according to the grantor's wishes. Life Insurance: Life insurance policies can provide financial security to the beneficiaries in the event of the policyholder's death. It is important to name the beneficiaries clearly in the policy. Power of Attorney: A power of attorney is a legal document that grants someone the authority to act on behalf of the individual in legal and financial matters. It is useful in managing assets and making decisions if the individual becomes... --- - Published: 2024-10-09 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-nris-can-close-a-bank-account-in-india-while-staying-abroad/ - Categories: Banking in India, Information, NRI Banking, NRI Services - Tags: #bankaccountclosure, #bankingtips, #closebankaccount, #NRIbanking, NRI 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: Understand Your Account Type NRIs often have different types of accounts in India, such as: Non-Resident External (NRE) Account Non-Resident Ordinary (NRO) Account Foreign Currency Non-Resident (FCNR) Account Knowing your account type is crucial as it determines the specific procedures you need to follow. Step 2: Gather Required Documents You will need the following documents to close your account: Passport: A copy of your valid passport. Overseas Address Proof: Proof of your current foreign address (e. g. , utility bill, rental agreement). Bank Account Details: Account number, branch details, and any other relevant information. Letter of Authority: A signed and notarized letter authorizing a representative in India to act on your behalf (if applicable). Step 3: Contact Your Bank Reach out to your bank's customer service via phone or email to inform them of your intent to close the account. Request the specific procedure and documents required for account closure. Step 4: Submit the Account Closure Request There are typically two ways to submit your account closure request while staying abroad: Online Method: Download the Account Closure Form: Visit the bank's official website and download the account closure form. Fill Out the Form: Complete the form with the required details. Send the Form and Documents: Scan and... --- - Published: 2024-10-08 - Modified: 2025-06-10 - URL: https://mostlynri.com/understanding-probate-of-will-in-indian-law-a-detailed-overview/ - Categories: Information, Legal insights, Uncategorized - Tags: estateplanning, indianlaw, legalprocess, probatelaw Understanding Probate of Will in Indian Law: A Detailed Overview Introduction to Probate of Will in Indian Law: In India, the probate of a will is an essential legal process that ensures the smooth distribution and management of a deceased person's estate. Probate serves to confirm the validity of the will and grants authority to the executor or administrator to fulfill the wishes of the deceased (the testator). This blog aims to offer a detailed explanation of the probate process in Indian law, including its legal requirements, procedures, and importance. I. Defining a Will and the Importance of Probate A will is a legal document that outlines how an individual’s assets will be distributed and who will take care of minor children after their death. Probate is the legal validation process for a will, granting the executor or administrator the power to manage the estate. This process provides transparency, safeguards beneficiaries' rights, and helps avoid disputes. II. Jurisdiction and Governing Laws The Indian Succession Act, 1925, governs wills, intestate succession, and probate procedures. This law applies to individuals of all religions except Muslims, who are governed by their personal laws. Probate of wills falls under the jurisdiction of various High Courts in India, depending on the location of the estate. III. Legal Prerequisites for Probate To secure probate, several conditions must be met, including: The will must be written and signed by the testator (the person making it). The testator must be of sound mind and fully aware of the... --- - Published: 2024-10-08 - Modified: 2025-06-10 - URL: https://mostlynri.com/understanding-the-non-availability-of-birth-certificate-nabc-in-india/ - Categories: Information, Legal Documentation, PF - Tags: birthcertificateindia, governmentservices, NABC, NABCprocess Understanding the Non-Availability of Birth Certificate (NABC) in India In India, the Non-Availability of Birth Certificate (NABC) is a crucial document for individuals who do not have a registered birth certificate. This certificate serves as an official statement that a person’s birth record is not available in the government records. Let’s delve into what NABC is, why it’s important, and how to obtain it. What is NABC? NABC stands for Non-Availability of Birth Certificate. It is issued when a person’s birth was not registered at the time of birth due to various reasons such as lack of awareness, loss of records, or other circumstances. This document is essential for various legal and administrative purposes, including applying for a passport, visa, or other government services. Importance of NABC: Having an NABC is vital for several reasons: Legal Identity: It serves as proof of birth when the original birth certificate is not available. Government Services: Required for obtaining a passport, Aadhaar card, PAN card, and other essential documents. Immigration: Necessary for visa applications and immigration processes, especially for countries like the USA, Australia, and Canada. Education and Employment: Important for school admissions, higher education, and job applications. Common Reasons for Non-Availability of Birth Certificates: There are several reasons why a birth certificate might not be available: Unregistered Births: Many births, especially in rural areas, are not registered due to lack of awareness or access to registration facilities. Home Births: Births that occur at home, particularly in remote areas, may not be registered... --- - Published: 2024-10-08 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-to-withdraw-your-provident-fund-pf-when-youre-outside-india/ - Categories: Information, Legal insights, Provident Fund - Tags: #expatlife, #financialplanning, #livingabroad, #providentfund, #providentfundwithdrawal How to Withdraw Your Provident Fund (PF) When You’re Outside India If you’re an Indian citizen who has moved abroad, you might be wondering how to withdraw your Provident Fund (PF) savings. The process is straightforward, but it requires careful attention to detail. Here’s a step-by-step guide to help you navigate through it. Eligibility for Provident Fund Withdrawal: Before you start the withdrawal process, ensure you meet the eligibility criteria: Relocation Abroad: You must be relocating or have already relocated abroad. Employment Status: You should no longer be employed in India. EPF Account: Your EPF account should be active and linked to your Universal Account Number (UAN). Steps to Withdraw Provident Fund: Gather Necessary Documents: UAN: Ensure your UAN is active and linked to your Aadhaar. Bank Account: Your Indian bank account details should be updated in the EPFO records. PAN Card: Ensure your PAN is linked to your UAN to avoid higher TDS deductions. Form 15G/15H: If applicable, to avoid TDS deductions. Download the Withdrawal Form: Visit the EPFO portal and download the Aadhaar-based Composite Claim Form. Alternatively, you can use the UMANG app for a more convenient process. Fill Out the Form: Complete the form with accurate details. Mention the reason for withdrawal as “Relocation Abroad”. Attach the necessary documents, including a copy of your passport and visa. Submit the Form: If you are still in India, submit the form to your employer for attestation. If you are already abroad, you can bypass the employer attestation and submit... --- - Published: 2024-10-08 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-nris-can-obtain-a-sim-card-in-india/ - Categories: Information, NRI Services, Telecommunication - Tags: #india, #NRIs, #SIMcard, #telecommunications How NRIs Can Obtain a SIM Card in India Obtaining a SIM card in India as a Non- Resident Indian (NRI) is a straightforward process. Here’s a step-by-step guide to help you get started: Step 1: Choose a Telecom Service Provider Popular providers include Airtel, Vodafone-Idea, and Jio. Each provider offers various plans, so you can choose one that best suits your needs. Step 2: Gather Required Documents You will need the following documents: Passport: Your valid passport. Proof of Address: An Indian address proof, which could be a letter from the property owner, utility bill, etc. Photograph: A passport-sized photograph. Proof of Residence Abroad: This can be an NRI certificate, a resident card, or other proof of residence abroad. Step 3: Visit the Service Provider's Store or Kiosk You can visit the service provider's store or kiosk at the airport, railway station, or a nearby telecom store. Some providers also offer online services for SIM card registration. Step 4: Fill Out the Application Form Complete the application form provided by the service provider. You will need to provide your personal details, contact information, and the documents mentioned above. Step 5: Submit the Documents Submit the filled application form along with the required documents. The service provider will verify your documents and process your application. Step 6: SIM Card Issuance Once your application is approved, you will receive a SIM card. The activation process may take a few hours to a day, depending on the provider. Step 7: SIM Activation... --- - Published: 2024-10-03 - Modified: 2025-06-11 - URL: https://mostlynri.com/probate-of-will-in-indian-law-an-in-depth-overview-with-a-real-life-example/ - Categories: Uncategorized - Tags: Will Probate of Will in Indian Law: An In-Depth Overview with a Real-Life Example Understanding Probate in India Probate is the legal process of validating a will, ensuring that the deceased's wishes are honored. Under the Indian Succession Act, 1925, probate is essential for the legal execution of a will, particularly in the presidency towns of Mumbai, Kolkata, and Chennai. Also read How to Register a Will Online in India? Steps to Obtain Probate Filing a Petition: Executor's Role: The executor named in the will must file a petition in the appropriate court. This petition should include a copy of the will, a detailed list of the deceased's assets, and an affidavit affirming the will's authenticity. Documentation: Essential documents include the death certificate, the original will, and details of the deceased's assets and liabilities. The executor must also provide a list of the deceased's legal heirs. Court Verification: Issuance of Notices: The court issues notices to all legal heirs and interested parties, informing them about the probate application. This step ensures transparency and gives heirs the opportunity to raise any objections. Hearing: The court conducts hearings to verify the will's authenticity. If there are objections, the court examines the evidence presented by both the executor and the objectors. Witness Examination: The court may call upon witnesses who were present at the time the will was signed to testify about its validity. Grant of Probate: Court's Decision: If the court is satisfied with the will's authenticity and there are no valid objections,... --- - Published: 2024-10-03 - Modified: 2025-06-10 - URL: https://mostlynri.com/how-to-transfer-your-vehicle-registration-from-one-state-to-another-in-india/ - Categories: Uncategorized - Tags: RTO Moving to a new state can be an exciting adventure, but it also comes with its own set of challenges, especially when it comes to transferring your vehicle registration. Here’s a step-by-step guide to help you navigate the process smoothly. 1. Obtain a No Objection Certificate (NOC) The first step in transferring your vehicle registration is to obtain a No Objection Certificate (NOC) from the RTO where your vehicle is currently registered. This certificate is essential as it indicates that there are no pending dues or legal issues associated with your vehicle. Documents Required: Application in Form 28 Registration Certificate (RC) of the vehicle Insurance certificate Pollution Under Control (PUC) certificate Address proof Identity proof 2. Transport Your Vehicle to the New State Once you have the NOC, you can transport your vehicle to the new state. You can either drive it yourself or use a vehicle transport service. 3. Visit the New State’s RTO After reaching the new state, visit the local RTO to initiate the re-registration process. You will need to submit several documents and pay the applicable fees. Documents Required: Application in Form 20 and Form 27 Original Registration Certificate (RC) NOC obtained from the previous RTO Address proof in the new state Identity proof Insurance certificate Pollution Under Control (PUC) certificate Chassis & Engine Pencil Print PAN Card or Form 60 and Form 61 (as applicable) 4. Pay the Road Tax You will need to pay the road tax applicable in the new state. The amount... --- - Published: 2024-10-03 - Modified: 2025-06-10 - URL: https://mostlynri.com/major-issues-faced-by-nris-from-indian-tax-authorities/ - Categories: NRI Resources, NRI Taxation - Tags: NRI Navigating the Indian tax system can be challenging for Non-Resident Indians (NRIs). Here are some of the major issues they face: Determining Residential Status One of the primary challenges for NRIs is determining their residential status. The Indian Income Tax Act defines an NRI as someone who resides outside India for more than 182 days in a financial year. However, this can be complex, especially for those who frequently travel between countries. Taxation of Global Income NRIs are taxed on income earned or received in India. However, if they qualify as residents under Indian tax laws, their global income becomes taxable in India. This can lead to confusion and potential double taxation if not managed properly12. Double Taxation Double taxation is a significant concern for NRIs. Although India has Double Taxation Avoidance Agreements (DTAAs) with many countries, understanding and applying these agreements can be complicated. NRIs often need professional advice to navigate these agreements effectively. High Tax Deducted at Source (TDS) Rates NRIs face higher TDS rates compared to resident Indians. This applies to various types of income, including interest from bank accounts, rental income, and capital gains. The high TDS rates can significantly reduce the net income received by NRIs2. Reporting Foreign Assets NRIs must report their foreign financial assets and bank accounts to the Indian tax authorities. Non-compliance can result in hefty fines and legal consequences. This requirement adds another layer of complexity to their tax filings4. Investment and Financial Planning Challenges Managing investments and financial planning in... --- - Published: 2024-09-18 - Modified: 2025-06-11 - URL: https://mostlynri.com/issues-faced-by-nris-with-income-tax/ - Categories: Uncategorized After relocating outside India, many NRIs get entangled in tax hurdles with the Indian govt. This could be of any kind - Old Refund missing Tenant deducted TDS, not sure how to claim it? Unable to file tax returns due to lack of clarity Handling high TDS rate for selling property Lack of clarity on dual taxation Taxation rules on PF withdrawal For any such issues, MostlyNRI has tied up with capable and trustworthy tax professionals. For any issues mentioned here or otherwise, please contact us via our website! --- ---