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Explained: Why NRIs must either close or convert their Indian bank accounts

If you continue operating a normal savings/current account while living outside the country, you would be in violation of the FEMA laws of the RBI. You can close or convert them to NRO/NRE accounts.

Home financing options for NRI buyers

When a non-resident Indian (NRI) opts to purchase a property in India, there are several regulations that govern how such a purchase can be financed. Sources, for financing a real estate investment in &#82

Dos and don‘ts for NRIs investing in Indian realty

The realty market in India, has always seen considerable interest from the Indian diaspora, as an investment avenue.

Are you an NRI? Here is how to buy property in India

Article explains the entire process from buying property to selling property, and of course the tax matters.

Planning to become NRI? Here is financial checklist for you

Before leaving India to work in a foreign country, it makes sense to close some ' to do' money issues.

Hey NRIs- Here is how to manage loan liabilities in India

Taking a loan in India for purchasing a residential property is not a tough task any more for NRI. They should take advantage of advancement in technology to manage their loan liabilities in India.

Here is how NRI income is taxed in India

Non resident income in India can be classified into two categories. And one would be better off learning about the rules that decide how much tax is to be recovered from non resident.

RBI to cut swap rates on foreign currency deposits from Mar

The new rates will be LIBOR/Swap plus 300 basis points, down from LIBOR/Swap plus 400 bps earlier for maturities of three to five years, the central bank said.

Union Bk hikes base rate to 10.25%, ups NRE deposits rate

The rate hike is effective from Friday. Union Bank has also revised its NRE term deposit rates by up to 0.75 percent in the 3-5 year maturity. Deposits under Rs 1 crore in the maturity will now fetch an interest of 9.50 percent, while the same for those from Rs one crore to Rs ten crore have been increased to 9.25 percent

Here are best options for NRIs to invest in India

Personal finance expert, Gaurav Mashruwala said that a non-resident Indian must have clarity in mind as to why he wants to invest in India.

Current account deficit may fall to 4.5% in 2013-14: ICRA

ICRA, India's leading rating agency expect the current account deficit to decline to 4.5 percent of GDP (~USD 94 billion) in 2013-14 from 5.0 percent of GDP (~USD 92 billion) in 2012, while remaining unsustainably high.

Know the difference between NRE and NRO account

Many NRIs are often faced with the situation of maintaining a Rupee account in India. There are two options available with NRI interested in opening bank account in India - NRE or NRO account. Read this space to know the difference between these two accounts and know when to choose what account.

What NRIs should keep in mind before investing in India

When the talk is of investing in India, first you need to determine your residential status. Do you qualify as an NRI â€“ Non Resident Indian or are you still a Resident Indian?

5 things NRIs must keep in mind while investing in India

Financial Planning for Non Resident Indians can be much the same as Financial Planning for Resident Indians â€“ there are only a few things which NRIs need to keep in mind when executing the Financial Plan i.e. when investing.

SBI ups NRE Rupee deposit rates by 25 bps

In its bid to meet the 25% deposit growth target, the nation's largest lender State Bank of India today revised its pricing on NRE rupee deposits on select maturities and baskets by 0.25% at 9%.

Mecklai graph of the day: Will NRIs continue to invest?

Mecklai graph of the day: Indians working abroad have pumped in a record $4.753 billion in local bank deposits during April and May. The increase in NRI deposits is noteworthy because there has been a consistent increase in non-resident external (NRE) rupee accounts.