finance Archives | Pravasi Samwad

NRI Tax Rules: Interest on NRE, NRO and FCNR Accounts Explained

Interest earned by NRIs is treated differently depending on the type of bank account, with NRE and FCNR deposits generally

India’s 180-Day Overseas Funds Rule: What Gulf NRIs Need to Know

The FEMA requirement applies to Indian residents, while Gulf-based NRIs can generally retain locally earned salaries and savings abroad PRAVASISAMWAD.COM

India’s 180-Day Overseas Funds Rule: What Gulf NRIs Need to Know

The FEMA requirement applies to Indian residents, while Gulf-based NRIs can generally retain locally earned salaries and savings abroad PRAVASISAMWAD.COM

NPS for NRIs: Retirement Savings Come With Tax and Withdrawal Rules

NRIs and OCIs can invest in NPS, but tax benefits depend on Indian income and the tax regime chosen Non-Resident

RBI Eases Priority-Lending Rules to Encourage Fresh NRI Deposits

Loans backed by eligible new FCNR(B) and NRE deposits will be excluded from banks’ priority-sector lending calculations The Reserve Bank

UAE freezes assets of Indian-origin businessman Satish Sanpal amid money laundering probe

No formal charges announced as businessman denies allegations and urges caution over media reports Dubai-based Indian-origin businessman Satish Sanpal, known

NRIs advised to plan capital gains tax before selling property, shares or gold in India

Early tax planning and proper documentation can help non-resident Indians reduce tax liabilities and avoid compliance issues Non-Resident Indians (NRIs)

Tamilnad Mercantile Bank Eyes Overseas Expansion to Strengthen NRI Banking Services

Private lender plans liaison offices in key global markets while stepping up cybersecurity investments Tamilnad Mercantile Bank (TMB) is

UAE Emerges as Major Source of FCNR Deposits Despite Operational Hurdles

Bankers say regulatory and tax-related issues have slowed potential inflows, even as UAE-based NRIs contribute strongly to India’s foreign currency

RBI Swap Scheme Attracts $36.7 Billion in NRI Dollar Deposits in Less Than Two Months

Latest data shows strong overseas Indian response as total foreign currency inflows cross $40 billion The Reserve Bank of India’s