NRI Guide

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Temporary Green Card Travel Restrictions

Green Card or a Permanent Resident Card is issued to all the permanent residents of USA which serves as a proof that...

How To Repatriate Money From NRO Account

Repatriation of funds becomes necessary when an individual settled outside India has some immovable assets which he...

How to Apply Passport For Infants

A Passport is a very important document, more so in order to prove and certify the identity of the passport holder....

Do Foreign Banks Report to IRS

Yes, the Foreign Banks do report to the IRS. Foreign Account Tax Compliance Act (FATCA), passed in 2010 makes it...

How to Get Study Visa for USA

Any individual from any foreign country who wishes to enter the borders of United States of America for any purpose...

How to Start a Startup in India

Startups have become the buzz word around the town. Its eminent success here in India and across the globe has seen...



Ask, Answer & Discover

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Q: Can an NRI have investments under PIS on repatriation and non-repatriation basis?

A: Yes, investments can be made on repatriation as well as non-repatriation basis. However, an NRI will have to open NRE account, as well as NRO account with designated bank branch as the sale...

Q: Do investments made under IPOs or private placements come under PIS?

A: No, investments made by NRIs through subscription to initial public offerings (IPOs) or private placements are not covered by portfolio investment scheme. such investments are covered by RBI's...

Q: What type of transactions are allowed under Non-PIS account?

A: *Sale of shares which were acquired other than PIS. *Shares acquired through IPO's. *Gifts from relatives or otherwise. *Shares bought as resident Indian. *Fresh acquisition through IPO's....

Q: What is a non-PIS account?

A: It is a normal savings account which can be opened with any bank in India. Non-PIS is an account for which the transactions are not reported to RBI. This account takes care of all shares which are...

Q: What is the status of NRO/NRE accounts on the return of the account holder to India?

A: RBI has advised banks to re-designate such accounts on the return of the account holder to India.

Q: I am a OCI holder.and got my own Property and own house in India. Can I apply for Indian Postal ID when I visit India next time.Or through online?

A: A Postal ID card or a Postal Identity Card is a documentary proof of identity of an individual, especially a tourist, issued as per the guidelines mentioned under clause 63 of the Post Office...