For Non-Resident Indians (NRIs) earning taxable income in India, navigating the complexities of tax-saving options can be overwhelming. Among the most effective ways to reduce tax burden while planning for the future is through Section 80CCD of the Income Tax Act. This section allows NRIs to claim significant deductions on contributions made toward government-recognized pension schemes like the National Pension System (NPS) and the Atal Pension Yojana (APY). In this Section 80CCD tax savings guide for NRIs, we break down the components of this provision, highlight recent updates, and provide smart strategies to help NRIs make the most of this…
Browsing: NRI Finance
Read More
As India continues its journey of development, its global diaspora—Non-Resident Indians (NRIs)—is becoming a force for social good. Today, empowering change from abroad is more than just a hopeful phrase. Through crowdfunding platforms, NRIs are driving real-world impact in sectors like education, healthcare, infrastructure, and more. Let’s explore seven powerful ways NRIs are making a difference in their homeland using collective financial power and purpose-driven philanthropy. 1. Bridging the Educational Divide Education is a fundamental right, but millions of children in India still lack access to quality learning resources. NRIs are turning to crowdfunding platforms to support: These initiatives are…
The idea of moving back to India fills many NRIs with excitement. From reconnecting with loved ones to re-experiencing the vibrancy of Indian culture, the journey back home is both emotional and transformative. However, for NRIs returning to India, the transition is not just personal—it also involves important financial planning. Whether you’re retiring, relocating permanently, or settling after years abroad, financial preparedness ensures your return is smooth and secure. Here’s a detailed guide covering the most crucial financial tips every returning NRI should know. 1. Assess Your Financial Position Thoroughly Begin by reviewing your entire financial landscape. This includes: A…
Are you an NRI seeking to optimize your Indian income and reduce tax liability legally? ELSS Funds for NRIs offer one of the most tax-efficient routes to achieve just that—along with the bonus of participating in India’s high-growth equity markets. In this guide, we decode how Equity Linked Savings Schemes (ELSS) work for NRIs, how you can invest, the tax benefits you’re entitled to, and why ELSS might be the perfect blend of compliance, convenience, and capital appreciation. What Are ELSS Funds? Equity Linked Savings Schemes (ELSS) are mutual funds that invest a minimum of 80% of their assets in…
For Non-Resident Indians (NRIs), Indian mutual funds present an attractive avenue for long-term wealth creation, retirement planning, and financial diversification. However, one crucial element often overlooked is exchange rate risk—the impact of fluctuating currency values on investment returns. This blog explores how NRIs can strategically manage currency risks and safeguard their investments in mutual funds. What is Exchange Rate Risk? Exchange rate risk, also known as currency risk, refers to the financial exposure arising when investments are affected by changes in the relative value of currencies. When NRIs invest in Indian mutual funds—denominated in Indian Rupees (INR)—they may face gains…
Mutual funds rely on a mix of instruments to balance risk, meet redemption requests, and generate steady returns—even during volatile market phases. One such financial tool often overlooked by investors is TREPS in Mutual Funds. But what exactly is TREPS, and why is it gaining importance, especially among funds managed for NRIs and liquid-focused investors? Let’s explore this critical yet simple concept in detail. What is TREPS in Mutual Funds? TREPS, or Tri-Party Repo, is a short-term borrowing and lending tool in the money market. Managed by the Clearing Corporation of India Ltd. (CCIL), TREPS allows mutual funds and other…
As India’s economic growth accelerates, more Non-Resident Indians (NRIs) are exploring smart ways to invest in the country’s booming equity and debt markets. One of the most structured and regulated pathways is through the Portfolio Investment Scheme (PIS), a program designed by the Reserve Bank of India (RBI) to facilitate NRI participation in Indian stock markets. This blog explores how PIS investment for NRIs works, how to get started, and why it could be a profitable long-term strategy. What is the Portfolio Investment Scheme (PIS)? PIS is an RBI-approved framework that allows NRIs to buy and sell shares and convertible…
As the global financial world embraces responsible investing, Non-Resident Indians (NRIs) are uniquely positioned to make a difference. One of the most effective ways to contribute to India’s economic and social growth—while earning steady returns—is through Microfinance & Impact Investing for NRIs. These investment paths offer a perfect blend of purpose and profit, empowering NRIs to support local entrepreneurs, small businesses, and social enterprises in India. Whether it’s backing a rural artisan or funding an innovative healthcare startup, NRIs can actively fuel inclusive development. Why Microfinance Matters for NRIs Microfinance refers to small-scale financial services such as loans, insurance, and…
The concept of dual citizenship has long intrigued and frustrated many Non-Resident Indians (NRIs). With growing global migration and the vast Indian diaspora settled across continents, the issue of maintaining legal and emotional ties with India is more relevant than ever. Currently, India does not permit dual citizenship, but legislative conversations and proposals suggest change might be on the horizon. In this blog, we break down the dual citizenship rules for NRIs in India, examine legal distinctions, the role of the OCI card, and explore what the future could hold if new laws are enacted. 1. India’s Current Legal Position:…
In a world where quick money-making schemes often lead to financial losses, mutual funds stand out as a reliable and professionally managed route to building wealth. Over the last three years, the Indian mutual fund industry has outperformed expectations, delivering substantial returns, with several funds even doubling investors’ capital. Driven by post-pandemic economic recovery, rising equity markets, and strategic investment themes, these funds have become prime examples of how disciplined investing can lead to remarkable financial growth. What Are Mutual Funds? A mutual fund is an investment vehicle managed by experts who pool capital from various investors and allocate it…