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| Name | NRI Explains : THE MOST Important things to do as an NRI | NRE vs NRO | Demat | Investments | Taxes |
| Video Uploader | Video From Finance Boosan |
| Upload Date | This Video Uploaded At 16-05-2024 14:46:37 |
| Video Discription | Term Plans in India are 30-50% cheaper than International Plans. Buy Now 👇 https://tinyurl.com/mrtzh3rj Who is an NRI? As per Income tax act, to determine whether you're a resident or non-resident in India for a financial year: - Stayed in India for 182 days or more during the financial year, OR - Stayed in India for 60 days during the financial year and 365 days in the preceding 4 years. - Exceptions to the 60-day rule include being an Indian citizen working abroad or visiting India as a PIO or Indian citizen. In such cases, you're considered a resident if you've stayed in India for 182 days or more. If you don't meet any of these conditions, you're a non-resident. Banking NRE Account: For parking foreign earnings in India. Funds fully repatriable, tax-free interest. NRO Account: For managing Indian income. Repatriation subject to restrictions, taxable interest. FCNR Account: For depositing foreign currencies. Fully repatriable, tax-free interest. Demat - NRI Demat Account with PIS: * For NRIs investing with the intention of repatriating funds. * Requires a designated PIS bank account. * Transactions subject to RBI limits and approval. - NRI Demat Account without PIS: * For NRIs investing without the intention of repatriation. * No need for a separate PIS bank account. * Investments and earnings remain non-repatriable. Insurance Can NRIs obtain insurance in India? Yes, they can. 2. Who is eligible? Temporary NRIs, OCI holders, and PIOs. 3. Why should they consider insurance in India? - Protection against income loss for their families - Coverage for outstanding loans or debts - Cost-effective plans - Convenient video telemedical checks - 50% cheaper than international plans - exit plans for NRIs uncertain about retirement or future needs -GST waiver of 18% Join Learner's Community : https://www.youtube.com/channel/UCmfl6VteCu880D8Txl4vEag/join Courses : https://www.financeboosan.in Whatsapp Channel : https://whatsapp.com/channel/0029Va6xVGJ1iUxff71r8p23 Instagram : https://www.instagram.com/finance.boosan/ Other useful links : https://beacons.ai/boosan _______________________________________________ New Account opening link : Zerodha : https://bit.ly/newZerodhaD Video Editor : https://www.instagram.com/jagan_editor/ _______________________________________________ #financeBoosan #nri #nriinvestments Stock Market, Mutual Funds, Investments, Personal Finance, Make Money Online NRI Explains : Must Do Issues | NRE vs NRO | NRI Demat | Stocks & Mutual Fund | Insurance | Taxation NRI Demat Account PIS vs Non-PIS NRI Banking : NRO vs NRE vs FCNR NRI Taxation NRI Term Insurance |
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