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 R
The realty market in India, has always seen considerable interest from the Indian diaspora, as an investment avenue.
Article explains the entire process from buying property to selling property, and of course the tax matters.
Before leaving India to work in a foreign country, it makes sense to close some ' to do' money issues.
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.
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.
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.
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
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.
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.
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.
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?
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.
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: 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.
Are you a NRI? Are you confused on what to do with your bank accounts? Here is the quick guide on different types of NRI accounts and how to go about opening them?
Citibank today became the first foreign lender to hike interest rates on NRE deposits in the wake of RBI deregulating interest rate offered on deposits by non-resident Indians early this month.
Partho Mukherjee, president-treasury & international banking, Axis Bank tells CNBC-TV18 that the Indian currency can recover to stronger levels than the Rs 52 per dollar, going ahead.
CNBC-TV18 catches up with Shyam Shrinivasan, managing director and chief executive officer of Federal bank to get his perspective of business after RBI hiked limit on NRI deposits by 100 bps.