NRI Explains : THE MOST Important things to do as an NRI | NRE vs NRO | Demat | Investments | Taxes
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- Опубликовано: 2 окт 2024
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Who is an NRI?
As per Income tax act, to determine whether you're a resident or non-resident in India for a financial year:
Stayed in India for 182 days or more during the financial year, OR
Stayed in India for 60 days during the financial year and 365 days in the preceding 4 years.
Exceptions to the 60-day rule include being an Indian citizen working abroad or visiting India as a PIO or Indian citizen. In such cases, you're considered a resident if you've stayed in India for 182 days or more. If you don't meet any of these conditions, you're a non-resident.
Banking
NRE Account: For parking foreign earnings in India. Funds fully repatriable, tax-free interest.
NRO Account: For managing Indian income. Repatriation subject to restrictions, taxable interest.
FCNR Account: For depositing foreign currencies. Fully repatriable, tax-free interest.
Demat
NRI Demat Account with PIS:
For NRIs investing with the intention of repatriating funds.
Requires a designated PIS bank account.
Transactions subject to RBI limits and approval.
NRI Demat Account without PIS:
For NRIs investing without the intention of repatriation.
No need for a separate PIS bank account.
Investments and earnings remain non-repatriable.
Insurance
Can NRIs obtain insurance in India?
Yes, they can.
2. Who is eligible?
Temporary NRIs, OCI holders, and PIOs.
3. Why should they consider insurance in India?
Protection against income loss for their families
Coverage for outstanding loans or debts
Cost-effective plans
Convenient video telemedical checks
50% cheaper than international plans
exit plans for NRIs uncertain about retirement or future needs
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NRI Explains : Must Do Issues | NRE vs NRO | NRI Demat | Stocks & Mutual Fund | Insurance | Taxation
NRI Demat Account PIS vs Non-PIS
NRI Banking : NRO vs NRE vs FCNR
NRI Taxation
NRI Term Insurance
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Two months before I took term insurance this one correct or not how to check bro
NRI term plan not available for African nri's, please help
Please create one community for NRI
Yes
Yes, That would be much appreciated 🙏
Yes plz,
Yes,
👍
Bro I am from Germany … I am investing in mutual and stock and following you Video. As you said is true because there are no enough Videos about NRI in Tamil. Thank you for your video …. And reallly I need more video about NRI investment in India
Please my humble request to consider making video for NRI investment which will be more usefull for peaple like me ….. I love you bro for this content …
Me too from Germany and looking for NRI investment options.
Also me from Germany looking for NRI investment
Hi bro, did you convert your resident account to nri account. I mean your demat. ? How did the process go. Can you please let me know. Or one should sell the portfolio in resident account and start with nri demat account.
Wow right time... I was searching for this video to understand the conversion and at right time it released... thanks ..very useful... please try to create separate channel and post NRI related videos...
1. I'm not sure whether SSY investment allowed to continue or not?
2.If we have any existing LIC policy or SSY before NRI then what it will happen ?
3.Additionally, what are the brokerage charges for NRI in Zerodha.
4.For local money transfer to other Indian SB account whether we can use NRE to do direct money transfer or better, first transfer to NRO and then to other SB accounts?
5.If tax detected directly at source, then do we still need to file ITR and if so then, do we need to use ITR2 form?
6.What are the implication of not converting to NRI NRO?
7.How about existing LIC insurance policy ? Anything to intimate them?
These are the few question which I have doubts. Please clarify and it will be helpful.
Thanks and your videos are very useful and the way you explain is very short and straightforward.
Well-written queries. I have the same doubts.
Thank you, really useful video. Being a NRI, I always find difficulties to find videos in Tamil for many details. As a follower of your videos, requesting you to start making videos related to NRI investing as well. I would like to know more about below two topics, thanks in advance.
1. Deductible Health Insurance
2. ITR Filing must for NRI??
3. FD in NRE vs FCNR?
4. NPS investment
நான் கடந்த ஒரு வருடத்திற்கு மேலாக தங்களுடைய காணொளிகளை பார்த்து வருகிறேன். அனைவருக்கும் முதலில் குறைகள் தான் தோன்றும். இதுவரை சிறிய குறையை கூட தங்கள் காணொளிகளில் காண முடியவில்லை. தங்களின் காணொளிகள் எப்பொழுது ஏராளமான தகவல்களுடன் இருக்கின்றன. அனைத்து நிறைகளையம் வேறொரு நேரத்தில் பட்டியலிடுகிறேன். NRI பற்றிய காணொளிகளை தொடர்ந்து வெளியிடுமாறு வேண்டுகிறேன். தங்களின் சேவை தொடர வாழ்த்துக்கள்.
Interested in more NRI investment options in India, do and don’t etc. Also talk about “stop loss” feature and best practices for long term investors . Been following you for a while now, feeling so useful. Thanks.
This video is highly appreciated. Many thanks.
Series or channel is appreciable
Bro,abroad la irithu thirumbi India ku varumbo NRI demat account ahh... thirumba normal account ahh mathanumahh....
Pls clear this doubt bro
Yes it needs to be converted to resident demat account
Thanks for sharing, Good information Bro. I vote for NRI community channels or more NRI videos. Thanks
How about the NRIs investing in SIP and ETFs in India?
Bro please clarify my doubt. Now i am NRI and already i having 2 demant account with Normal saving bank account. Can i keep continue or need to add NRI account with demant.? What I need to do?
Pls start more nre videos
This is one of the best videos I have seen on tube. Please continue the nri series.
Post a video regarding how to open demant account for NRI.
Post more videos regarding investment and saving for NRI
This would be really appreciatable
Create a NRI Channel
Please Post More videos on NRI , almost all the NRI's looking forward to save and keep their hard earned wealth under their control
Good Job
Thanks bro, pls make a video on ITR for NRI ( to claim the TDS)
Yes if possible please create NRI Community and channel
Wonderful information..
Most sought after
Great insights..
Please do more.
Especially taxation on mutual funds.
You are doing a great job and creating financial literacy among Tamil people. Extremely important and fruitful content Boosan. Please create more content on this topic.
NRIs can trade in the F&O segment through an NRO account. A Custodial Participant (CP) code is required to trade in the F&O. Zerodha has tied up with Orbis to help NRI clients receive a CP code. But once CP is created, cannot do any other stocks buy / sell, cannot invest mutual funds in NRO.
This video help us a lot and please continue more nri videos
Please explain tax waiver in India for NRI and also open NRI new community... It's very helpful videos for NRI people...
Great explanation bro, one correction non-pis demat account , they only accepting NRO account.
Very useful video brother... waiting for this long period 🎉🎉❤
Yes bro, Excellent video, pls create separate community.❤
Most NRIs don't know how to invest in the Indiaan stock market. So I am sure there will be lots of interest. I have been based in the US, living here for the last 35 years.
Kindly provide more details on how a tax is detected from stock investment for an NRI. Please elaborate on Tds applied on stocks. If possible, give on example on how tax is applied, when I sell an stock and repatriate the money. Also do we need to go through any tax filing process as NRI annually for the NRI demat account.
Hi, Thank you for sharing this useful information for NRI's. It would be helpful if you can clarify the below queries, In this scenario investment is started when I was resident
1) Can we hold or keep contributing to the NPS Tier 2 account after becoming NRI ?
2) Can we hold SGB after becoming NRI ?
3) Should we update the NRI status to every individual mutual fund AMC ?
@Boosan, More info on NRI would really help many folks. If possible, please consider opening new channel for NRIs.
Thanks for the knowledge.
Pls explain about Tax Filing for NRI.
(How to file)
Please continue with NRI videos in your channel
NRE - investments, pis, non pois,
எந்த brokerage app, அதனோட charges என்ன என்ன,
NRI charges - RI charges comparison.
Tds இத பத்தி விளக்குங்கள்
Very useful. Could you please explain about NRI Demat with non-PiS account(tagged with NRE account) limits n benefits? Happy to join your NRI community and wishing you a great success
Bro NRI separate channel open panu ga and also mention NRI in channel name. Inthe world 2 core NRI irukanga expect OCI category. Monthly few video potalu enough. Because no NRI channel in tamilnadu.
Please create an NRI playlist.. Thanks a lot. Keep up your good work..
Nice video Boosan, Looks like you are in netherlands, it would be better if you can do a video on how to invest in equities (ETFs) and other instruments, taxation and other benefits in netherlands.
Every NRI would have faced that push from bank managers. Ivangaluku bayanthe bank pakkam porathu illa. Also, they are not letting us close unnecessary bank accounts. Recent experience!!!
anna don't mistake if google take down sundar pichai kindly share your videos to google team. u are inspiration for me in finanace. love from coimbatore
Thank you brother, Was quite useful expecting more videos on related topics
Need NRI community
Thanks bro rempa detail ha sonninga NRI India la investment ku solitinga ana Dubai, US ingala f&o pannanum na athu ku account venum la atha pathi solunga India la investment panna family la erukavanga account pancard ithala use pannikurom atha konjam ec ya eruku but NRI athuku benifit forine la invest or treading panna tax ella la atha use pannikanum la athuku konjam help pannunga ena neenga sonnathu crt NRI pathi detail kedaikamatuthu kedachalum puriya matuthu ana neenga sonnathu rempa help ha erunthuchu
Good content and useful ! Thanks for your work 🙏. Please create new community or separate play list for NRI.
Thank you very much Mr.Boosan for your very insightful and informative video.! Really helps to understand the banking concepts for NRIs.! Really appreciate your efforts.! More power to you.! god bless..! ✨👏🏻👏🏻
Excellent content and delivery. Keep posting such useful content.
NRI mutual funds investment pathi seperata vlog podunga ji
Great content
Keep continue👍🏻
Bro, en kita oru demat account irruku, na ippo India la irruthu tha long term invest matum pandran with mutual fund um but na future la foreign poren na enna pananum solluga please... I like only long term investment.
KEEP IT UP BRO - GOOD JOB
Need more NRI finance
Please create a separate playlist for all the NRI Account brother. Good job
வணக்கம் நான் nre saving account அதில் fd வைத்துள்ளேன் நான் நிரந்தரமாக இந்தியாவில் தங்கிவிட்டேன் இந்த deposit இப்படியே தொடரலாமா, மேலும் எனது நண்பர்கள் மூலம் வேறு வெளிநாட்டில் இருந்து தற்போது எனது nre account க்கு பணம் அவர்கள் அனுப்ப இயலுமா. இதில் எதாவது சிக்கல் உள்ளதா
oh wow! thank you so much-nga ☺
வணக்கம் நண்பரே
சிறிய சந்தேகம் எனக்கு உள்ளது
நான் தற்பொழுது யூரோப் பின்லாந்து நாட்டில் வேலை பார்த்து வருகின்றேன் NRI SBI வங்கி கணக்கு திறந்துள்ள ஏற்கனவே எனக்கு SBI வங்கி கணக்கு உள்ளது G play உள்ளது தற்பொழுது NRI கணக்கில்
G play பின்லாந்து நாட்டில் திறக்க இயலு இந்தியாவில் உபயோகப்படுத்தக் கூடிய சிம்கார்டு நடைமுறையில் உள்ளது என்னிடம் ஒரே கைபேசியில்
இரண்டு G play க்குகளை உபயோகப்படுத்த இயலுமா அது எவ்வாறு தெரிந்தால் கூறுங்கள் நன்றி
nre demate account tax pathi video podunga bro
Thanks for your good information. Nri ku thani channel in tamil open pannuga romba nalla errukum. Thank you very much
Taxes on dividends will differ for NRO & NFE account, which is missed in the video. However, it's good information. Keep it up.
Bro NRE account change pannathukku aporm ITR file pannanum ma bro
amazing video, But (1) what if resident savings to NRO or NRE account conversion is delayed by 5 years due to lack of info by an NRI. (2) Money was transferred from abroad to India. (3) the resident savings is continued using for transactions within India for all these years, Will there be a penalty ? There is no clear answer for these and many students are still continuing on without the knowledge. Please make a video on this.
Really don't know how do you manage existing mutual funds after becoming an NRI . The conversation of RI to NRI in mutual fund profile was way too complicated
Wow. Very useful...answered many questions that I had in mind. Would be great if can hv specific detailed video bro! Thanks
15:40, Can get back TDS after tax filing and income is with in the limit? Thanks
Yes we can get refund on tax filing
very useful details sago.. keep ahead..!
Thanks for sharing these useful information, please create more NRI related content.
Hi bro, please explain how to open mutual fund nri Account in separate video. And also continue NRI videos please
Interactive broker pathi sollunga bro
Bro ipo na ennoda demant acc ahh NRI acc kuda link panniten after 15 yrs ennoda mutal funds ahh withdrawal pannum pothu tax varatha apo
NRI demat account pathi innum video pannuga bro
Bro, It's very informative. Thank you so much.
Pls cover the subject, on how to transfer big fund thru bank for purchase of property or any investment.
Also the limits on fund transfer etc..
Good, bro I am currently working in Singapore last 10yrs but last academic year onwards I invested Equity Following ur videos now how I file ITR like NRE or NRO ?
I’m working in Singapore, Anbu. Can we please connect?
@@ravichandranrajagopal501 yes bro
@@anbuvs7518can we have a small group in Singapore ?
Nice video brother. Please create community for NRI brother. Thank you.
Housing loan namma nri aaita epd bro prepay panni adaikradu nro accountlaye panlama?
NRE ku separate videos poduga bro
5years before I am in India open the demat same iam using here is there any issue legal in future? And also I am not using for NRI account normal same maintain that one coming future issue?
NRE related Investments for Middleast people will be useful ....Opening demat accounts like IBKR so that we can invest in USA/UK / International shares /MF's.
Double taxation avoidance agreement is missed in taxation for NRI
Bro, i have started investing in MF using my savings account. Recently i have shifted to UAE. As you said, i have converted my saving account into NRO account. So MF SIP amount is getting debited from the NRO account. I do have NRE account.
Below are my questions:
1. Can i continue my SIP using NRO account.
2. Is it required to update my MF KYC? If yes, how to update.
3. Is it possible to change MF SIP from NRO account to NRE account?
Please advice.
Very useful info
On of the Excellent explanation about NRIs Pros & cons ever covered in you tube videos. Hats off bro.
Need further information and video regarding NRI investment . Please create NRI community also
Hi bro I had Resident demat account and closed. Now I am looking for open NRI Demat account? I am having NRE/NRO account in SBI..In zerodha possible to open a. NRI Demat account in online? Or any other provider? Kindly advise
Hi bro, I'm an NRI from the UAE I had some doubts regarding DTAA. Under DTAA rule NRI from the gulf countries having tax free on capital gains while investing in the M.F in India. It's true... can you make the separate video for it
1) Doing Mutual Fund/SIP _ Is it required to have demat Account or Not. If Demat account needed then can I open through NRE or NRO account?
2)Can we open Zerodha accounts outside India?
3) Since I am NRE what are the investment I can do.
4)can I do SIP through my family savings account.
Question for next video: Is DTAA applicable for NRO income (earnind from property, capital gains) ?
Brother NRI family health insurance GST waiver off panlama
Brilliant stuff mate..(only discrepancy i heard was that long-term-CGT is different for NRI on selling house in India...is that right?)
Greetings, I seek your perspective on the prudence of an individual residing in Singapore, classified as a non-resident Indian (NRI), directing their investments towards the Indian market as opposed to the Nasdaq 100 and S&P 500 indices. This consideration is informed by the prevailing circumstances, wherein Singapore imposes no capital gains tax, coupled with the appreciating value of the United States dollar. Over the past quadrennial, my investment endeavors have yielded remarkable returns, approximating 40% per annum from the aforementioned US indices and individual stocks such as NVDA, MSFT, and GOOG, among others. I would be grateful for your esteemed thoughts on this matter."
Thanks for detailed info. As usual you rock..! Have a clarification though, If you opt for Non-PIS which is NRO linked, in that case, with the exit of any stocks/MF, the amount that get accumulated onto the NRO account will incur wealth tax but it is not the case with NRE. Isn't.? So, Is it a good option to opt for PIS account with NRE linked? Please let me know your thoughts..?
Hi bro, please separate for NRI. Currently, I am in Qatar, and I'm using Zerodha. I just created an account, but I don't know if this is NRI or normal. How do I have to check this?
Please clarify If I do not change to NRI, what will happen?
Pls create one channel for nri, expecting more videos!
It would be great video specified for NRI. Many financial problems I'm facing
Do we have any alternate for Zerodha to allow NRIs to invest in mutual funds?
I have been struggling with Zerodha to open my account. They are extremely slow!
Hey, for NRI can you clarify Short term capital gain from shares sales is taxed based on income slab or 15%+chess for year 2023-24. Please let me know rules that apply to NRI only
Anna Ore fund house la epdi sip and lupsum use panrathu and epdi work ahum...
Pls Make more videos related to NRI investment and make community. I follow you for long time. The way you request the like and subscribe shows your honest and discipline ( Give valuable contenet and if found useful give like and Subscribe, Most channels ask in the beginning of their video) . Keep it up. Thanks.
Hi, Boosan, Let’s have NRI community.
Dear brother, my brother start invested in a ULip insurance plan in 2011, after that his status changed to NRI. Now we updated the status to NRI in insurance policy. Now shall we continue the investment? And still the bank account is in Resident status, we will change to NRO as per your advice. Thank you so much
Anna, I recently opened a demat account under Zerodha but I'm living in Canada as a student and I didn't change my bank account to NRO. Now, If I change my bank account to NRO, am I able to make the necessary changes to my Demat account? If anybody knows how to do something related to this, please reply to this message 🙂♥️
Hi @finance.boosan, Thank you so much, this is very useful. Could you please explain more about NRI Demat accounts and the consequences of not converting a Demat account to an NRI account?