In my opinion, NRI bank account is one subject wherein the NRI's are not able to comprehend the need and requirement. Typically an NRI bank account is opened based on the recommendation of a bank staff. The bank executive depending on branch's monthly targets suggest an account without accessing the need or requirement of an NRI. I touched this topic briefly in my previous post on 5 Financial Points to consider when you become a Non Resident Indian. As i mentioned that it is very critical to understand the requirement before you decide on the type of NRI bank account. Before i proceed, i ... Read More
NRI Property Investment – 11 Important Guidelines to Follow
NRI Property Investment is the most discussed but least understood topic. The reason being, it is perceived to be too complex. The rules and regulations governing NRI Property Investment are different. In this post, a reference to NRI includes PIO (Person of Indian Origin) and OCI (Overseas Citizenship of India) until unless specified. Till date, i have observed two key reasons for NRI Property Investment. The primary reason is NRI's would like to settle in India after retirement. Secondly, they still feel safe and secure to invest their hard earned money in India compared to the country of ... Read More