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A Guide for NRIs on How to Make Wise Investments in India

NRIs are always on constant look out for staying connected with the home country. This can be done by wisely investing in properties in home country. Check out this presentation that provides the guidelines for NRIs for making wise investments in India.

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A Guide for NRIs on How to Make Wise Investments in India

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  1. A Guide for NRIs on How to Make Wise Investments in India

  2. NRIs have always been keen on investing their money in India. Buying a property in one’s home country will always have its own advantages. • Occasions such as wedding, anniversary, or even a mishap may want them to visit their homeland to keep the Indian connection alive.

  3. Points to Ponder over by NRIs before investing in property: • Which Indian city does one reside in? • Looking for source of funds: financial Institutions are always an easy option for the NRIs, and also these bodies consider the NRIs as their major potential clients. • Tax Implications: When buying a property in India, the NRI is supposed to pay registration and other charges. • Some other key points: Buying and investing in real estate is always accompanied with certain hurdles, so it is recommended to be safe about any of your moves towards property purchase.

  4. Key steps to open an NRI Bank Account • NRI or PIO status: The NRI status is pre-requisite for initiating NRI banking. Make sure you qualify, especially if you have been out of India only for a short period as a visitor. • Bank selection: Based on personal or geographical preferences, choose a bank that is right for you. • Account type: choose the type of account that best suits you, be it current, savings or Demataccount • Account application: using your required documentations and IDs, you could take an application to open your account.

  5. Non-Resident Ordinary Rupee Account • NRO accounts may be opened/maintained in the form of current, savings, recurring or fixed deposit accounts. • Account should be denominated in Indian Rupees. • Eligible debits such as all local payments in rupees including payments for investments as specified by the Reserve Bank. • NRI/PIO may remit from the balances held in NRO account an amount not exceeding USD one million per financial year, subject to payment of applicable taxes. • The limit of USD 1 million per financial year includes sale proceeds of immovable properties held by NRIs/PIOs.

  6. THANK YOU

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