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Dubai-Based NRI Reveals Why They Won't Be Buying Property In India: 'Just Not Worth It'
NRI stops investing in Indian real estate, citing low rental yields and tax difficulties for owners and tenants.
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NRIs Can Now Invest In Indian Stocks Via Portfolio Investment Scheme
The Portfolio Investment Scheme (PIS) allows non-resident Indians and foreign investors to buy and sell Indian stocks through a special bank account approved by the RBI.
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UPI One World Wallet Services Launched For NRIs, International Travellers by NPCI
UPI One World wallet service has been launched by the National Payments Corporation of India (NPCI) for non-resident Indians (NRIs) and international travellers visiting the country. The service was first announced last year during the G20 summit which India hosted. It will allow travellers who do not have an Indian bank account to access the Unifi...
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These 10 Countries Will Soon Let Non-Resident Indians Make UPI Payments
The NPCI (National Payments Corporation of India) has recently declared that Non-Resident Indians (NRIs) with bank accounts in India, but with international mobile numbers, can now make UPI payments.
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Popular Front (PFI), Linked Entities Received Rs 120 Crore Funds: Probe Agency
Certain PFI members based abroad have been found to be sending funds to their NRI accounts in India and subsequently transferring them to the leaders of the radical Islamic organisation so as to evade the foreign funding regulation law, the ED said F
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RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments
The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay utility bills in India.
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3 Bank Staff Among 12 Arrested For Trying To Withdraw Money From NRI Account: Delhi Police
The Delhi Police Cyber Cell has arrested 12 people, including three HDFC Bank employees, for allegedly trying to withdraw money from the account of an NRI, officials said on Tuesday.
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Kashmiri Businessman Fined Rs 62 Lakh For Alleged Forex Violation
The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.
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Number Of New Indian H-1B Beneficiaries Has Dropped, Says US Report
In 2016 technology professionals from India accounted for 74.2 per cent of the total number of H-1B visas issued by the US and the next year the figure increased to 75.6 per cent, a government report said here today.
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SBI's NRE Account: Features, How To Avail Loans, Interest Rates
State Bank of India (SBI), the largest lender of the country, allows non-resident Indians (NRI) customers to open a Non Resident External (NRE) Account.
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How To Close SBI's PPF Accounts If You Are An NRI
In case an NRI has not yet closed his/her PPF account with SBI, he/she would be getting a post office saving bank account rate, which at present is 4%, said SBI.
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NRIs Dont Need To Link Aadhaar With Bank Accounts, Says UIDAI
Most NRIs and PIOs may not be eligible for Aadhaar enrolment as per Aadhaar Act...," the UIDAI had said.
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Changes In PPF, NSC Rules: Here Are Five Things To Know
As per the latest rules, if a Public Provident Fund (PPF) account holder becomes an NRI, his or her PPF account will be deemed closed even if it is yet to mature. An interest rate applicable to Post Office savings accounts will apply to the PPF deposit.
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Do NRIs Need To Link Aadhaar Card With PAN, Bank Account, Mobile Number (SIM)?
NRIs and Overseas Citizens of India (OCIs) need not verify their bank account or SIM or PAN with Aadhaar. "If required, they may inform the service provider(s) that they being NRI/OCI are exempted from Aadhaar verification," the UIDAI said.
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Do NRIs Have To Link Aadhaar Card With Bank Account, PAN?
The Unique Identification Authority of India (UIDAI) has explained whether it is mandatory for NRIs or OCIs (Overseas Citizens of India) holding accounts in India to get their Aadhaar card linked by the December 31 deadline.
-
Dubai-Based NRI Reveals Why They Won't Be Buying Property In India: 'Just Not Worth It'
NRI stops investing in Indian real estate, citing low rental yields and tax difficulties for owners and tenants.
-
NRIs Can Now Invest In Indian Stocks Via Portfolio Investment Scheme
The Portfolio Investment Scheme (PIS) allows non-resident Indians and foreign investors to buy and sell Indian stocks through a special bank account approved by the RBI.
-
UPI One World Wallet Services Launched For NRIs, International Travellers by NPCI
UPI One World wallet service has been launched by the National Payments Corporation of India (NPCI) for non-resident Indians (NRIs) and international travellers visiting the country. The service was first announced last year during the G20 summit which India hosted. It will allow travellers who do not have an Indian bank account to access the Unifi...
-
These 10 Countries Will Soon Let Non-Resident Indians Make UPI Payments
The NPCI (National Payments Corporation of India) has recently declared that Non-Resident Indians (NRIs) with bank accounts in India, but with international mobile numbers, can now make UPI payments.
-
Popular Front (PFI), Linked Entities Received Rs 120 Crore Funds: Probe Agency
Certain PFI members based abroad have been found to be sending funds to their NRI accounts in India and subsequently transferring them to the leaders of the radical Islamic organisation so as to evade the foreign funding regulation law, the ED said F
-
RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments
The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay utility bills in India.
-
3 Bank Staff Among 12 Arrested For Trying To Withdraw Money From NRI Account: Delhi Police
The Delhi Police Cyber Cell has arrested 12 people, including three HDFC Bank employees, for allegedly trying to withdraw money from the account of an NRI, officials said on Tuesday.
-
Kashmiri Businessman Fined Rs 62 Lakh For Alleged Forex Violation
The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.
-
Number Of New Indian H-1B Beneficiaries Has Dropped, Says US Report
In 2016 technology professionals from India accounted for 74.2 per cent of the total number of H-1B visas issued by the US and the next year the figure increased to 75.6 per cent, a government report said here today.
-
SBI's NRE Account: Features, How To Avail Loans, Interest Rates
State Bank of India (SBI), the largest lender of the country, allows non-resident Indians (NRI) customers to open a Non Resident External (NRE) Account.
-
How To Close SBI's PPF Accounts If You Are An NRI
In case an NRI has not yet closed his/her PPF account with SBI, he/she would be getting a post office saving bank account rate, which at present is 4%, said SBI.
-
NRIs Dont Need To Link Aadhaar With Bank Accounts, Says UIDAI
Most NRIs and PIOs may not be eligible for Aadhaar enrolment as per Aadhaar Act...," the UIDAI had said.
-
Changes In PPF, NSC Rules: Here Are Five Things To Know
As per the latest rules, if a Public Provident Fund (PPF) account holder becomes an NRI, his or her PPF account will be deemed closed even if it is yet to mature. An interest rate applicable to Post Office savings accounts will apply to the PPF deposit.
-
Do NRIs Need To Link Aadhaar Card With PAN, Bank Account, Mobile Number (SIM)?
NRIs and Overseas Citizens of India (OCIs) need not verify their bank account or SIM or PAN with Aadhaar. "If required, they may inform the service provider(s) that they being NRI/OCI are exempted from Aadhaar verification," the UIDAI said.
-
Do NRIs Have To Link Aadhaar Card With Bank Account, PAN?
The Unique Identification Authority of India (UIDAI) has explained whether it is mandatory for NRIs or OCIs (Overseas Citizens of India) holding accounts in India to get their Aadhaar card linked by the December 31 deadline.
