Invest In India

The Indian society is changing by the day – working couples or children going abroad for employment are common these days. These factors have effected a change in the traditional Indian value system that requires children to take responsibility of their aging parents.
If you’re looking forward to a languid life, imbued with serenity and bliss post-retirement, you might want to think of homes for the elderly.

According to the Central Statistical Organization of India, the advance calculation of economic growth rate for 2006-2007 has already crossed the 9% mark. India has also secured the number one place globally as wealth creator – a position mainly contributed to by its dynamic stock market and handsome returns.

NRI remittances may mean valuable foreign exchange for India, but for many households, it is a means of making two ends meet. Whether it’s a semi-skilled laborer in the Gulf or a software professional in Silicon Valley, every other NRI sends a part of his or her earning back home.

Under Schedule 5 of the FEMA (Transfer or Issue of security by a Person Resident Outside India) Regulations, 2000, an NRI/PIO is allowed to purchase units of domestic mutual funds without any limits on a repatriation basis [Clause 2(1)(i)]. Under Clause 2(1)(ii) of the same Schedule, he is also permitted to acquire such units on a non-repatriation basis, along with units of a money market mutual fund, without any limit.

Are you an NRI who has already invested or is considering investments in mutual funds? Do you depend on investment adviser for investment decisions? It’s imperative that you have knowledge of some important parameters for evaluating and selecting the best Mutual Funds suitable to your objectives.

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.

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.