NRI – Non Residential Indian, in simple terms an Indian Individual who stays abroad. An NRI or Non-Resident Indian is an Indian citizen who has spent less than 183 days of a financial year in India
An NRI must have a savings bank account before investing in India. There are two types of bank accounts that an NRI can operate in India based on their earnings:
Non-Resident External Bank Account for income out of India or NRE Bank Account
Non-Resident Ordinary Bank Account for income from India or NRO Bank Account
Both these accounts are savings accounts that are maintained in Indian currency. Your foreign earnings from outside India are completely repatriable from your NRE bank account. Your income from the NRO bank account is partially repatriable.
Multiple Investment Options for NRI’s:
Mutual Fund Investment
IPO’s
Stock Market
NRI Savings plan
NRI Retirement Plan
Wealth + Health Plan
Where we can help…
- We help manage the financial affairs of NRI’s.
- We help you achieve your financial objectives a get a portfolio designed as per your investment objectives.
- Guide to the NRI’s intending to remit funds from India to Abroad.
- Returning NRI’s
- Various compliances in regard to repatriation of fund/investments etc.
- We monitor, record & periodically report on his investment.
- Plan financial transactions to minimize tax liability in Ind
