NRI CORNER
The ever growing economy, with robust growth & well diversified industry, India seems to be a desired destination for NRI's. It is assumed that Indian external sector performance will continue to be good, thus one needs to look at the outsourcing revolutions that is taking place across the globe, in not only the services but also the manufacturing and research sectors. On the investment side, moderate rules and better and well regulated markets, with looking at investors sentiments which are drawing in capital to fund India's growth.
Many NRI investors have Unclaimed Investments in India in Shares, Mutual Funds, Insurances which were bought by their Parents in India. But due to their unavailability on the Indian Address the Investments still remains unclaimed. According to Government of India there is close to 64000 Crores of Idle Wealth
Lying Unclaimed. With a process followed approach these investments can be claimed by NRI's.
It has always been our endeavor to serve the NRI Community's growing needs as investors. We have tried to create an exclusive section called 'NRI Centre' for your mutual fund information and investment needs so that you do not miss out an opportunity to invest in the Indian markets.
NRI Services
NRIs keen to explore investment opportunities in Indian capital markets can choose from various investment avenues such as India dedicated Mutual Funds Schemes, Portfolio Investment Schemes and other eligible securities.
NRI Taxation
As per the Indian Income-Tax Act, 1961, an annual tax is levied by the Government of India (GoI) on all income earned in India. In other words, all receipts giving rise to income are taxable unless they are specifically exempted from tax under the act.
NRI FAQs
No person resident outside India, whether an individual or a firm/company (other than a banking company) incorporated outside India, can acquire shares of any company carrying on trading, commercial or industrial activity in India without permission of Reserve Bank.