Nri Banking - More Simplified Now!
- Date: 2010-09-14 - Word Count: 327
Share This!
Opening up an NRI account is no big deal. If you choose the online route, you will soon realize how simple the whole process is. If you are a non resident Indian, you can open up your bank account sans any lengthy documentation. You are allowed to open multiple accounts in a single application. It takes the tension away from you, as you and your spouse can apply for it simultaneously.
Besides this, you can open up savings as well as investment account at the same time. Avoid filling up the form twice as you can do it with ease in a single application. In case you have any doubts, make use of the user friendly PDF document. The most popular account for a non resident Indian is the NRE or Non Resident external account. If you want to invest in Indian companies, you can freely do so with the help of an NRE account. An NRE account permits you to transfer your funds abroad. Although, you stay abroad you can continue to enjoy your income earned in India. Your income earned through rent, shares, debentures, interest on your FD or savings amount can be held in NRE account. Transfer your income earned in India wherever you go.
NRE account offers better interest rate on savings in comparison to the NRO account. Since it is on a repatriation basis, you can transfer the income abroad. Your nominee in India can operate your account too. With zero tax liabilities, you can enjoy your income to the maximum. You can credit your money in any foreign currency such as EUR, JPY, GBP, USD. Take the money abroad whenever you need money. If you have a nominee to the account, your parents or your spouse nominated can access your account in India. Some may offer you a zero balance account while others have a minimum of 10,000 as balance. You can choose a bank which offers better features on your NRI account.
Besides this, you can open up savings as well as investment account at the same time. Avoid filling up the form twice as you can do it with ease in a single application. In case you have any doubts, make use of the user friendly PDF document. The most popular account for a non resident Indian is the NRE or Non Resident external account. If you want to invest in Indian companies, you can freely do so with the help of an NRE account. An NRE account permits you to transfer your funds abroad. Although, you stay abroad you can continue to enjoy your income earned in India. Your income earned through rent, shares, debentures, interest on your FD or savings amount can be held in NRE account. Transfer your income earned in India wherever you go.
NRE account offers better interest rate on savings in comparison to the NRO account. Since it is on a repatriation basis, you can transfer the income abroad. Your nominee in India can operate your account too. With zero tax liabilities, you can enjoy your income to the maximum. You can credit your money in any foreign currency such as EUR, JPY, GBP, USD. Take the money abroad whenever you need money. If you have a nominee to the account, your parents or your spouse nominated can access your account in India. Some may offer you a zero balance account while others have a minimum of 10,000 as balance. You can choose a bank which offers better features on your NRI account.
Related Tags: mutual funds for nri, nri banking
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
