While I am thankful to the presenter and the channel for making this video. But at the same time, I like to warn every NRIs about current freaky Indian government and policies. Repatriation of money from India to any foreign country was always costly and complicated, and now the bank related RED tape is all time high. Major problem last 4-5 years the rules are continuous changing and impossible to follow when we live outside India. Before 2016, every NRI, I know would keep 10k-50k Indian rupees at home throughout the world, to use it during the next India trip. But after 2016 and 2023 (2k) demonetization, no NRI keeping any Indian rupees and now most of the foreign bank do not exchange Indian rupees. When its comes to withdrawing money from Indian bank (specially government bank), forget about NRI, even Indian citizens had hard time. My parents and every senior member of my family were harassed every 3-6 months with frozen accounts, just because they are not online users. Before 2014 without court approval no bank could freeze any account. But now it's legal for banks to freeze any bank account including senior citizens without any court order. Death of democracy. Final nail in coffin, most of the banks in India are government banks. and they will never provide paperwork on time, especially for NRO/NRE/other accounts. So, in case of conflict there will be court case as "you vs government of India, where no citizens (Indian or NRI) ever going to get justice.
One thing is not clear to me. Are we investing from our NRO account through INRI? In that case the money is non-repatriable. Can we invest from NRE account at INRI?
Still no use for NRI’s in USA or Canada. Don’t know why Indian government is not taking steps to free up process . I have account with ICici nro, nre still they cannot make sips from the account.
INRI has majority US clients and they are able to invest through NRO account. Please join their WhatsApp group and you can raise your concerns with the team.
There is no one supporting US NRI to invest in indian mutual funds. There are some 3rd party people but they are only allowing Regular funds not Direct MF. Regular funds expense ratio is crazy. Does anyone know how to invest in direct mutual funds being an NRI? Please share. Thank you!
Thank you for sharing your experience! It's important that we all come together to help each other find solutions for investing as NRIs. Let's see if we can gather some tips and tricks!
Hello sir, Giving PLAB and working as a doctor better or doing PG from India and then doing MRCS is wise?..Also about salary package which one provides more? Please do help out sir....
@@karth12399 NRI can invest through any platform but the procedure of KYC is cumbersome and need Physical documents verification. Also it won't show curated funds based on the country of residence. All MFs don't allow investing from US/Canada. That is the unique feature for inri
Hi sir. I am a DNB Medicine graduate from India and cleared PACES recently. I am interested in entering ST neurology in UK. So for that I was told that I had to work for a year or more in UK before applying for ST. So sir I want to know what are the posts am I eligible for if I come to UK ? Can you please enlighten me on this sir. Which level post would I be eligible for and how long should I work before applying for ST sir?
You are eligible for ST3+ registrar/ senior clinical fellow jobs. You can apply for ST once you have all the necessary documents and satisfy the person specifications
That will be through NRO bank account if you already have Zerodha/Grow account. In that case, its really difficult to repatriate the money back to the UK if you need it.If you plan to do it through NRE account, then needs new zerodha /grow account which needs physical documentation.
@@SumanPaulDoc Many thanks dada for clarification. Please make a video on how we can manage our bank accounts and taxation(if other incomes like rental) in India while living in UK. It will be much helpful. TIA
@@SumanPaulDocSo what about currency exchange rates? do we need to pay currency exchange rates? Means whatever gains that we have accumulated over these years would be transferred to NRE Accounts and then if we transfer it to UK based Bank Account or ISA Account then the money is as per INR Value (at that time) and we need to consider exchange rates too. Am I Correct ? Please advise 🙏🏻
Check out inri: app.goinri.com?code=SUMANPAUL
While I am thankful to the presenter and the channel for making this video.
But at the same time, I like to warn every NRIs about current freaky Indian government and policies. Repatriation of money from India to any foreign country was always costly and complicated, and now the bank related RED tape is all time high. Major problem last 4-5 years the rules are continuous changing and impossible to follow when we live outside India.
Before 2016, every NRI, I know would keep 10k-50k Indian rupees at home throughout the world, to use it during the next India trip. But after 2016 and 2023 (2k) demonetization, no NRI keeping any Indian rupees and now most of the foreign bank do not exchange Indian rupees.
When its comes to withdrawing money from Indian bank (specially government bank), forget about NRI, even Indian citizens had hard time. My parents and every senior member of my family were harassed every 3-6 months with frozen accounts, just because they are not online users. Before 2014 without court approval no bank could freeze any account. But now it's legal for banks to freeze any bank account including senior citizens without any court order. Death of democracy.
Final nail in coffin, most of the banks in India are government banks. and they will never provide paperwork on time, especially for NRO/NRE/other accounts. So, in case of conflict there will be court case as "you vs government of India, where no citizens (Indian or NRI) ever going to get justice.
One thing is not clear to me. Are we investing from our NRO account through INRI? In that case the money is non-repatriable. Can we invest from NRE account at INRI?
Either NRO or NRE accounts can be used as per your preferance. NRE money is repatriable.
Still no use for NRI’s in USA or Canada. Don’t know why Indian government is not taking steps to free up process . I have account with ICici nro, nre still they cannot make sips from the account.
INRI has majority US clients and they are able to invest through NRO account. Please join their WhatsApp group and you can raise your concerns with the team.
NRIs Can use INDmoney for direct mutual fund investment
There is no one supporting US NRI to invest in indian mutual funds. There are some 3rd party people but they are only allowing Regular funds not Direct MF.
Regular funds expense ratio is crazy.
Does anyone know how to invest in direct mutual funds being an NRI? Please share. Thank you!
Thank you for sharing your experience! It's important that we all come together to help each other find solutions for investing as NRIs. Let's see if we can gather some tips and tricks!
Hello sir,
Giving PLAB and working as a doctor better or doing PG from India and then doing MRCS is wise?..Also about salary package which one provides more?
Please do help out sir....
Why do you suggest a regular one with MFD? Why don't you suggest ways to do it with zero brokerage brokers?
I don't know if such a platform exists for NRIs specifically. You may use Zerodha or direct investment with the MF houses.
What about MF central app for Nri?
@@mithun28das it's not for NRIs.
@sumanpauldoc
Sir please double check
Mf central NRI can invest
@@karth12399 NRI can invest through any platform but the procedure of KYC is cumbersome and need Physical documents verification. Also it won't show curated funds based on the country of residence. All MFs don't allow investing from US/Canada. That is the unique feature for inri
Hi sir. I am a DNB Medicine graduate from India and cleared PACES recently. I am interested in entering ST neurology in UK. So for that I was told that I had to work for a year or more in UK before applying for ST.
So sir I want to know what are the posts am I eligible for if I come to UK ? Can you please enlighten me on this sir. Which level post would I be eligible for and how long should I work before applying for ST sir?
You are eligible for ST3+ registrar/ senior clinical fellow jobs. You can apply for ST once you have all the necessary documents and satisfy the person specifications
Hi I have nre/nro account and Zerodha nri demat account.
Can u please suggest how to start investing.
You can simply transfer money from NRO to Zerodha account and start buying stocks/ MF etc.
Great to see your confidence improve!
Sir post nifity 50 investment 20cr plan
First let me make 20cr, then I will share the plan.
Nowadays mutual fund investment for NRI is very easy ❤
how....plz explain
Can we invest in Direct mutual funds or just Regular mutual funds?
Only regular.
Yes, you can invest directly through ET money
Sir, did you live in Behala, Kolkata?
No
Good info. Thanks
Informative
Thanks
Cant we directly send money to our Indian bank accounts and let the SIP be deducted from there through Groww/Zerodha?
That will be through NRO bank account if you already have Zerodha/Grow account. In that case, its really difficult to repatriate the money back to the UK if you need it.If you plan to do it through NRE account, then needs new zerodha /grow account which needs physical documentation.
@@SumanPaulDoc Many thanks dada for clarification. Please make a video on how we can manage our bank accounts and taxation(if other incomes like rental) in India while living in UK. It will be much helpful. TIA
Thank u dada, can we also have a video on step by step tax return for absolute beginners ?
@@SumanPaulDocSo what about currency exchange rates? do we need to pay currency exchange rates? Means whatever gains that we have accumulated over these years would be transferred to NRE Accounts and then if we transfer it to UK based Bank Account or ISA Account then the money is as per INR Value (at that time) and we need to consider exchange rates too. Am I Correct ? Please advise 🙏🏻
@@dhaval51188 Correct, Currency exchanges must be paid for all currency conversions.