RBI guidelines clearly stipulates that only that money invested into India using only designated bank account which are allowed to do repatriations, can only allow repatriating facility. NRE account is one such account that allows NRIs – on resident Indians living abroad to freely take back the money to their residing country. Such a kind [...]
NRIs – Non Resident Indians can now enjoy online NRI banking services various top notch banks in India. The two most popular bank account for NRIs these days are: 1. NRE Bank Account: NRE Stands for Non Residential External Account. 2. NRO Bank Account: NRO Stands for Non Residential Ordinary Account. Both these accounts are [...]
With world economy fearing US recession and inflation hitting the roof with commodities like crude & gold prices trading off the charts; we are stood up with a question as to what can a beginner investors like NRIs (Non Resident Indians) strategize to make money by investing in the Indian stock markets like – NSE: [...]
The major Indian stock market indices like Sensex and Nifty have been exhibiting a sign of relief in the past few days. Obviously such a holding in the index strength is coming from US market performance, but much has to be credited to Indian mutual funds that are stepping in the markets at these levels [...]
