A Guide for NRIs on How to Make Wise Investments in India - PowerPoint PPT Presentation

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

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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. – PowerPoint PPT presentation

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


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 ones 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 Demat
    account
  • 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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