News

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Indian, Pakistani professionals win UK Court of Appeal case over settlement rights

Economic Times

Indian man convicted in Dubai for hacking 15 websites

Times of India

H-1B denials behind attrition, says Infyosys

Economic Times

Indian-American Congressman offers help to countrymen in tax filing

Times of India

Indian-origin man in US jailed for life for sexually exploiting minor

Times of India

Economy, national security, protection of democratic values key priorities for Indian diaspora in US

Times of India

NRI Guide

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FEMA Guidelines For Outward Remittance
FEMA Guidelines For Outward Remittance

Every country has its own guidelines on the money going in and going out. This includes India which is a country...

What Happens When You Declare Money At Customs
What Happens When You Declare Money At Customs

International traveler need to mandatory undergo customs check while traveling through international passages and...

How To Exchange Indian Rupee To US Dollar In USA
How To Exchange Indian Rupee To US Dollar In USA

With the growing population of visitors (for various reasons such as education, career, and medical, among others) to...

Checklist For Travelling To USA From India
Checklist For Travelling To USA From India

Every country has mandated instructions for any visitor visiting the country which needs to be followed by the...

Temporary Green Card Travel Restrictions
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?
How To Repatriate Money From NRO Account?

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

Articles

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Ask, Answer & Discover

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Q: How to get KYC and FATCA requirements fulfilled in India?

A: NRIs on a visit to India can simply contact a mutual fund distributor or visit any mutual fund registrar officer with the aforesaid documents and complete the KYC and FATCA process. Documents...

Q: Can an NRI redeem mutual funds with original documents through fax?

A: No, investors are not qualified to redeem mutual fund on the basis of fax applications due to some legal restrictions. A request without a valid signature always gets rejected.

Q: Can NRIs invest through Power of Attorney?

A: After the NRI has made the initial investments, it may not be possible for him to keep track of his money and make investment decisions based on market movements that at times may call for...

Q: Can an NRI make a nomination in his investment?

A: An NRI can make a resident Indian or NRI/PIO his nominee in the mutual fund schemes in which he has invested. An NRI can also be the nominee for investments made by a local resident Indian...

Q: Can NRI invest in a mutual fund tax savings scheme?

A: Yes, an NRI/PIO can invest in ELSS (Equity Linked Savings Schemes) of Mutual Funds if he or she is willing to avail tax rebate under Section 80C of The Income Tax Act 1961. Currently, the limit is...

Q: How the dividends and redemptions proceeds are paid to NRIs?

A: Normally, dividends and redemptions are paid through direct credit to the designated bank account provided by the NRI in the scheme.