Invest In India

Is the insurance industry set to spread its wings in India? How much can it grow? The segment is still very small and can expand prodigiously given the right conditions, say industry watchers.

When the insurance in India was reborn in 1999, modest projections were put forth for the fledgling private segment of the industry.

We invest to safeguard ourselves for a rainy day. If you’ve just started investing or want to start, then you could use this 7-step plan to become your own investment consultant!

Managing your investments becomes easy when you make it a habit to save, even if it’s very little money.

Incomes of NRIs are exempt from income tax interest on various specified securities or bonds. NRIs enjoy tax exemptions from property investment and other assets including dividend income, interest income, and even gifts! Read on and find out what tax exemptions you could enjoy as an NRI.

There are several formal channels to transfer money to India. All the service providers generally charge a commission or fee for their services. The amount of fees charged usually depends on the total amount you wish to transfer and also the desired time limit within which you wish the recipient to receive the money.

Here is some basic information of the various accounts that an NRI can hold in India.
The type of accounts:

1. Non-Resident External (NRE)
2. Non-Resident Ordinary (NRO)
3. Foreign Currency Non-Resident (FCNR)

NRE Savings Account

Whether you are a salaried employee, a professional, an entrepreneur or even a student, an NRE account is something that can benefit you immensely since it offers significant Advantages:

• Get higher interest rates
• Interest earned is not taxable in India
• Use any currency to credit the account.
• Maintained in Rupees, giving you a liberty to Invest in India
• You can always take the money back overseas, whenever you wish to
• Empowers your family to access your account anytime, anywhere in India
• You can maintain a minimum balance of Rs.