FORGOTTEN HISTORY: Nris | History Defined

For years, buying a home in India has been almost synonymous with investing for many Non-Resident Indians (NRIs). A flat in Mumbai, Delhi, Bengaluru or another major city has represented not just an investment, but also a tangible connection to the country they left behind.

Non-Resident Indians are permitted to maintain their National Pension System contributions from abroad. To remain involved, they must utilize NRE or NRO accounts for their investments. NRIs can select either active or auto allocation strategies aligned with their individual risk preferences.

Non-Resident Indians are allowed to set up joint FCNR (B) accounts with their resident family members. These accounts must function on a 'Former or Survivor' arrangement for the NRI. Eligible resident relatives include immediate family members and their spouses. The money for these accounts should be sourced from international transfers…

Non-Resident Indians can bring seventy to eighty billion US dollars into India. This inflow is possible through the ongoing FCNR initiative offering higher interest rates. The scheme allows overseas Indians to deposit foreign currency earnings in Indian banks. Experts believe this initiative is a unique opportunity for diaspora participation. Such…

NRIs are increasingly viewing India as a prime long-term investment hub, attracted by its growth potential and tax efficiencies under certain DTAAs, especially for mutual fund gains. While diversifying globally, many are exploring structured real estate investments like REITs. Experts advise avoiding common pitfalls such as a lack of clear…

South Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This move follows the RBI's new USD/INR forex swap facility, enabling banks to secure stable foreign currency while managing exchange risks. The attractive returns offer NRIs a chance…

Zerodha CEO Nithin Kamath highlighted the challenges NRIs face while investing in India, calling the process unnecessarily difficult despite strong diaspora interest. While Ashish Kacholia supported his concerns over regulatory friction and capital flow hurdles, veteran investor Shankar Sharma disagreed, describing the investment process for NRIs as smooth and seamless.

Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) from around 30 countries will submit a memorandum to the Prime Minister to bring an NRI Protection Bill or establish a centralised NRI agency in the Union government.