Open Nri Account - For Smooth Financial Transaction
- Date: 2010-08-14 - Word Count: 254
Share This!
It is easy to open an NRI bank account online. Rule out all those lengthy documentation and paper work involves in traditional loans. The online medium takes the stress away of waiting too long for your loan approval. You must decide what type of account do you wish to hold: Savings or Investment. Both type of accounts can be applied simultaneously in the same form.
Under savings account, you have both NRE and NRO account. While NRE account allows you to transfer your income earned in the form of savings or interest abroad, NRO restricts you to transfer your income earned, it is non repatriable. Income earned in NRE accounts are non taxable, hence it is better to open up NRE accounts.
Have some important documents such as:
Your valid passport copy
Residence permit or visa copy
2 photographs
In addition to this secondary criteria are:
You must be 21 years of age
You must be a graduate atleast.
In order to make investments In Indian companies, as an NRI, you must open NRE or NRO investment account. You are provided with the foreign currency options such as USD, EUR, GBP, JPY. Your fixed deposit can be created in a particular type of foreign currency that you want to deal with. You can save your options selected and go ahead.
You and your spouse can apply for a joint account simultaneously. If you are having a single account, it is advisable you have a nominee too. This will safeguard your money incase you meet with an accident or any inevitable occurrence was to occur.
Under savings account, you have both NRE and NRO account. While NRE account allows you to transfer your income earned in the form of savings or interest abroad, NRO restricts you to transfer your income earned, it is non repatriable. Income earned in NRE accounts are non taxable, hence it is better to open up NRE accounts.
Have some important documents such as:
Your valid passport copy
Residence permit or visa copy
2 photographs
In addition to this secondary criteria are:
You must be 21 years of age
You must be a graduate atleast.
In order to make investments In Indian companies, as an NRI, you must open NRE or NRO investment account. You are provided with the foreign currency options such as USD, EUR, GBP, JPY. Your fixed deposit can be created in a particular type of foreign currency that you want to deal with. You can save your options selected and go ahead.
You and your spouse can apply for a joint account simultaneously. If you are having a single account, it is advisable you have a nominee too. This will safeguard your money incase you meet with an accident or any inevitable occurrence was to occur.
Related Tags: open nri account, nro savings
Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are