As an NRI (Non-Resident Indian), opening the right financial accounts in India is the first step toward building a solid financial base. Whether you want to repatriate funds, invest in Indian markets, or diversify through mutual funds, having your documents ready saves time and hassle. This blog outlines the key documents you’ll need to open … Read more
India’s Banking Sector Is Opening Up — And It’s a Signal You Shouldn’t Ignore The Reserve Bank of India (RBI) is preparing to revise foreign investment rules in Indian banks, potentially allowing global investors to hold a larger stake. This move is part of a broader strategy to deepen capital access, enhance global confidence in … Read more
If you’re an NRI and still using your Indian resident savings account, this article is essential reading. Many Non-Resident Indians continue operating their Indian resident bank accounts after relocating abroad. While this may seem convenient, it poses a serious compliance risk under FEMA (Foreign Exchange Management Act) and may result in account freezes or penalties. … Read more
Managing money across borders can be complicated—but it doesn’t have to be. Whether you’re living in the Gulf, the US, the UK, or anywhere else abroad, understanding your banking options in India is the first step toward smart financial planning. This blog breaks down the basics of NRE, NRO, and FCNR accounts, and helps you choose the best bank … Read more