NRI Explains : THE MOST Important things to do as an NRI | NRE vs NRO | Demat | Investments | Taxes
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- เผยแพร่เมื่อ 15 พ.ค. 2024
- Term Plans in India are 30-50% cheaper than International Plans. Buy Now 👇
tinyurl.com/mrtzh3rj
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
-GST waiver of 18%
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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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Term Plans in India are 50% cheaper than International Plans. Buy Now 👇
tinyurl.com/mrtzh3rj
Need promo code
Dd
Two months before I took term insurance this one correct or not how to check bro
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 …
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.
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.
I am delighted that you have created this video. I have been anticipating someone to produce this type of video.
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
Very useful video brother... waiting for this long period 🎉🎉❤
Wow. Very useful...answered many questions that I had in mind. Would be great if can hv specific detailed video bro! Thanks
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
Thanks bro👍. That was a Clear Explination. Would like to see more on the NRI Restrictions part and if is there any way to overcome it. Cheers 👍
This video is highly appreciated. Many thanks.
Good idea to have an NRI general/ finance series!! Covering retirement plans, asset management as an NRI, insurance covering international coverage, wealth management in India, returning back to India, privileges for NRI kids to study in India, medical tourism, other related topics.
Please create a separate playlist for all the NRI Account brother. Good job
Incredible n comprehensive video Boosan your insights n clear concise n elegant !! Thanks a lot for making this video !!
Great video. This has lot of different topics that can be discussed separately. Also, Keep a separate channel for NRI and U.S. stocks analysis
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.
Series or channel is appreciable
This is one of the best videos I have seen on tube. Please continue the nri series.
Thank you brother, Was quite useful expecting more videos on related topics
Please create an NRI playlist.. Thanks a lot. Keep up your good work..
Very useful. Clear explanations. Please continue this. Thanks
Woww. Worth content. Infact this is the first video in Tamil who clearly talk about NRI d-account and trading options. Thanks for the content, really it worth it.
Excellent content and delivery. Keep posting such useful content.
The Most awaited NRI content, we all requested last week and you did it ♥♥♥♥♥
Wonderful information..
Most sought after
Great insights..
Please do more.
Especially taxation on mutual funds.
Useful information. Keep going
Good video Boosan. Would be very helpful if you can add more NRI specific content.
Thanks bro, pls make a video on ITR for NRI ( to claim the TDS)
Great topic and much awaited content. Please create a separate community or content so many like me can benefit.
Great content
Keep continue👍🏻
I was waiting for long.. thank you so much for this video thalaiva
Need of the hour bro. Thanks a lot
KEEP IT UP BRO - GOOD JOB
Very very useful, please continue.
Most awaited video
This video help us a lot and please continue more nri videos
Very crystal clear explanation bro.. the way you are delivering your content is simply superb..i am seeing your video for thr 1st time.. immediately i have subscribed.. All the very best..
Yes bro, Excellent video, pls create separate community.❤
Really good info.. yes NRI info about finance and financial planning is very limited. Appreciate your idea and sharing value info
Thanks a lot for explanation. Appreciate your effort.
Nice topic. Keep rocking
Bro ad nu theriyadha madriye ad podringa 🤣
Ultimate
It's very useful for every NRI, please continue to add investment plan videos for NIR
Taxes on dividends will differ for NRO & NFE account, which is missed in the video. However, it's good information. Keep it up.
Very very super crystal clarification 👌👌👌👌..
Awesome! I got clarity on few things which I struggle to find out. I suggest you to provide a google or Microsoft form to post questions. It will be useful to sort the queries and address the information in the future on respective topic videos. Form can have some prefilled Choice to categorize the topic and uncovered title can go to miscellaneous. You can later add the title to the form.
I have spent lot of hours going through many forums to understand the topics you have covered in this videos but your explanation is super helpful as always crisp and to the point. Keep up the good work bro 🤝🏻.
As an NRI i am looking forward to join a community or channel to watch your quality content.
Indeed it took me days and weeks of work to go through articles and forums to understand them clearly when I started out as well, I can clearly understand you.
Yes post more detail videos, for NRE and FCNR and investment and tax details
very useful details sago.. keep ahead..!
Thanks for the knowledge.
Pls explain about Tax Filing for NRI.
(How to file)
Very good. Everything on the point. Great content
oh wow! thank you so much-nga ☺
awesome work bro… thank you soo much 🙏🏻
Hi
Actually my brother(incidentally a NRI too) suggested your channel to me. Really appreciate watching your videos that are insightful. Thank you very much. We are all in for NRI channel.
Great explanation bro, one correction non-pis demat account , they only accepting NRO account.
Detail to point was perfect👌👌
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
It’s great. keep on
Evlo tricks ah insurance sell pandringa😅But very useful one.
Pls make a video about how to open PIS account,broking charges,how how PIS account works.
And do more videos about NRI investments
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.
Thanks for the useful information need seperate video on demat and income tax filing for NRI.
This is highly useful bruh. It would be highly beneficial if you start a seperate channel
very useful, thanks for sharing the information
Very good information..THANK YOU JI...very good Useful. You can upload more videos for NRI....😊
Hi bro, Almost since 1 week I am watching all your videos. It was super helpful. Love from London :)
Good content and useful ! Thanks for your work 🙏. Please create new community or separate play list for NRI.
Anna❤, ajay here. First of all thanks for considering NRI's. I would b great if you explain about which account (either NRE or NRO) is for which investments (nifty index fund, individual stock, nasdaq 100) and its pros & cons. I addition to this, try to make a separate vedio about PIS and Non-PIS for not NRE and NRO. Thanks heeps.
Great info separate channel is better. Including investment, banking and other nri related issues
Great video brother🤝
Yes! Please share more details
Thanks Brother, more videos appreciated.
Hello Boosan brother,
This is one of the best videos of yours. These topics are very clear but it would be great if you could cover each topic by detailed video.❤
Such a great content, very useful information,we need more information on these topics
Well explained. Do more videos on NRI series
Thanks Boosan for this video! Please make a detailed video about PIS and Non-PIS accounts.
Nice video. A video on FCNR deposits will be useful as there is not much info on those lines. How to open , how to transfer funds to FCNR currencies, benefits and minimum time for deposits etc can be considered.
Thanks thalaiva!
Thanks for sharing the info bro, very informative 👍
Hi bro you are very great❤....your message is very clear
May we request you to make a play list for NRI in your existing channel and do atleast 1 video once a month for NRI related finances & Tips.
Thanks Bro for this initiative on content for NRIs. It would be a good idea to have a separate series or channel for NRIs.
Very informative videos. I appreciate your efforts. Keep doing.
I'm living in netherlands. I want to know more about NRI related videos
Thank you for wonderful video. Please continue with NRI details.
Considering you are a NRI, can you please advise if investing 100% in India or split investments between India and current country? One of major problems for NRI is INR depreciation. Example , if you have converted dollar to INR for long term investment in Indian mutual funds & say if you have had 15-18% returns. Repatriation of this amount will eat up your returns (from NRE or NRO account) , TDS during redemption and most importantly INR depreciation , we will end up with 8-10% returns or even less. So it would have been good to invest in NRIs local country which can provide anywhere between 10-12% returns.
Please make more videos about investment plan for NRE and much more...
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.
Very informative. Please add more NRI related contents
Very clearly explained. I’m working in Singapore for 5 years now. It was very painful to get it done one by one as you mentioned. Also for the TDS deducted at source while filing ITR we can claim. Like resident Indians income of NRI in India is also not taxable upto first 5L. And for stocks no taxes upto 1L LTCG. So please file ITR regularly and claim the TDS. Thank you.
How to claim tax returns. How to claim TDS
@@chitrachakaravarthy File taxes. All TDS deducted can be seen from your bank statement. Use a professional’s help to file taxes or u can use Quicko.
Great info Bro
It will be helpful if you make separate detailed videos of investment & demat accounts for NRIs.
Thank for your valuable video,
Also I need more information about trem insurance for low Income NRI,especially gulf people
Very useful. Kindly give information about the investment option
Plz Start a separate NRI session plz...we need more info like this.... Thanks for ur efforts
Bro please make one separate list or channel for NRI finance. Thanks for your effort.
Well done.. all clear 👌
Very informative thank you
Simple and clear explanation … keep going … good services to Tamil NRIs
Thanks for your good information. Nri ku thani channel in tamil open pannuga romba nalla errukum. Thank you very much
nre demate account tax pathi video podunga bro