tag:blogger.com,1999:blog-72351477587545684592024-03-13T15:28:28.750-07:00Investing in India - NriInvestIndia.comWish to invest money in India? NriInvestIndia.com can definitely help you make investments in the Indian stock market, primarily in the NSE & BSE stock market, mutual funds, government bonds, etc. Our vision is to assist non resident indian community living all over the world, especially in countries like: USA, CANADA, UK, AUSTRALIA when it comes to locating some good investment options for NRIs in India. So if you want to start investing in India, then just get in touch with us.!NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-7235147758754568459.post-60907658903468027532013-07-19T01:31:00.001-07:002013-07-19T01:32:49.017-07:00How to send money out of India?<div dir="ltr" style="text-align: left;" trbidi="on">
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<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">Transferring
money from </span><span style="color: #222222;">India</span><span style="color: #222222;"> to abroad is no longer a hassle. In
spite of government regulations, the banks have made it very easy to remit the
money to any place on the globe. There are many methods of remitting money
outside of </span><span style="color: #222222;">India</span><span style="color: #222222;">. Let us have a look at some of them.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">Firstly
comes in the most traditional and secure way of sending money to your pals. You
can write a check and send it out of the country. It is mandatory that the
amount mentioned in the check must of the currency of the destination place. It
cannot be in rupees.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">You
will need to provide sufficient proof to the bank for sending the money to
abroad. That proof might even have to be in the form of a legal document or
letter. You will also need to furnish your passport in order to get the job
done. It is only required as a verification procedure.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">The
process is simple. You can get a letter from the source bank saying that you
have a valid account in the bank. The letter should contain the amount to be remitted
and the account number. Visit an agency or branch that remits money. Do the
necessary conversions to quote the amount in the foreign currency. Fill in the
forms and wait for your turn to send the money. You will need a PAN card number
from </span><span style="color: #222222;">India</span><span style="color: #222222;">. You can obtain yours here: <a href="http://www.pancardonline.com/" target="_blank"><span style="color: #1155cc;">http://www.<wbr></wbr>pancardonline.com/</span></a>.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">PayPal
is another very simple and secure option to remit money out of </span><span style="color: #222222;">India</span><span style="color: #222222;">. The only need for this method of
transfer is that the source and destination members should have valid PayPal
accounts. PayPal can transfer funds almost instantly and it can take place at
any place on the globe.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">A
demand draft also works but it is a long procedure. Nowadays people are on the
lookout for avoiding a visit to the banks. But one can always choose this
option if they are not very familiar with online banking systems and
technology. In </span><span style="color: #222222;">India</span><span style="color: #222222;">, especially wherein the traditional
still visit banks to debit money out of their own accounts, I hate to wonder if
they have no clue about a thing known by the name of ATM.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">Wire
transfer is the fastest and the most preferable mode of transfer. It is highly
safe in the sense that before you remit the money the linking between both the
accounts takes place. The security is the highest form and in case of wrong
inputs or false logins the accounts won’t be linked which means that the
transfer will never take place.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">You
can visit private banks like ICICI or even nationalized government banks like
SBI. The advantage with ICICI is that it has a wide network and it also allows
non ICICI customers to remit money.</span></span></span></div>
<div style="line-height: 14.25pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="color: #222222;">All the methods of transfer are available on their website. For the ones
who are willing to furnish lesser private information, SBI may be their
preferred choice. Banks will always look to grab you for remitting money as
charges are involved in them. So you keep an eye on them!</span></span></span></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-27160145968428575402013-07-05T23:42:00.000-07:002013-07-05T23:44:10.253-07:00How to buy property in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">If you hold an Indian passport but stay abroad for most part
of the year for the purpose of business or employment, then you are regarded as
NRI. One of the lucrative investment opportunities for NRI is the Indian real
estate market. According to law, NRI cannot buy agricultural land in India.
However, they can own houses, flats or land for residential or business
construction. They can also buy or sell such properties.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Trebuchet MS",sans-serif;"><a href="http://property.nriinvestindia.com/" target="_blank">Click
here to learn the NRI property procedure:</a></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<i><b><span style="font-family: "Trebuchet MS",sans-serif;">Why should NRIs invest in Indian real estate?</span></b></i><br />
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">There are several good reasons why NRI should buy property
and houses in India. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">These are:</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* If you own your own house or flat in India,
you eliminate the cost of hotel rooms when you return – a cost that is becoming
increasingly prohibitive.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* The falling value of rupee makes real estate a high return
investment.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Special tax benefits are available for NRIs who buy
property in India.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Legal hurdles have been removed and the process has been
simplified.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Confederation of Real Estate Developers in India (CREDAI)
is floating great offers especially for NRI.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">You can buy any immovable property in India
except agricultural lands, plantations and farm houses. You can also sell them
or transfer them as gifts. Inherited properties including agricultural lands
too can be transferred as gifts.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">Important things to know about NRI buying real estate in India</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">Here are some important things that you should know about
NRIs buying real estate in India:</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* You can get home loans to finance your buying of real
estate. A maximum of 80% of the cost can be obtained as loan while the rest
have to be paid directly by you.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* This residual amount can be paid directly from NRE or NRO
account. Repayment of the loan is also to be done through the same channel.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* You have to bear the cost of stamp duty and registration
duty but have to pay no other tax. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* All the interest towards the home loan is deductible from
the taxable income of the NRI without any upper limit.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* If you sell the property, you will have to pay capital
gains tax like a resident.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* If you give your property in lease, then the income from
the lease is taxable. If your country of residence does not have double tax
avoidance agreement with India,
you may have to pay tax on it in that country also.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* When you buy real estate in India,
you need to watch out for several pitfalls. These are as follows:</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"> * Check if the seller has a clear
property title, especially if the property is inherited.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"> * Ask for a no due certificate from the
seller. This certificate shows that there are no outstanding due to the
municipality, electricity etc.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"> * If the original flat or house had been
constructed with a bank loan, a bank release letter must accompany the sale to
show that the loan has been paid in full.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"> * Check that the house has all the
relevant permits and licenses from the civic authority.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"> * It is necessary to make sure that the
property is not under litigation.</span><br />
</div>
<div class="MsoNormal" style="margin-bottom: 12pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">You can buy the built property
from real estate developers who also take care of maintenance. Often, expos are
organized advertising such real estate deals. However, the information given in
these expos may not always be reliable. It is best to get some relative to
clarify the situation in India
or to visit the country and see with your own eyes before you invest in real
estate in India.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">To get started on Real Estate, it is required for all NRIs
to apply for a PAN card number in India.
You can apply at <a href="http://www.pancardonline.com/" target="_blank">http://www.pancardonline.com/</a>.
<i><b>The process is simple. Get started soon.</b></i></span></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-25317496650314398992013-07-05T23:36:00.000-07:002013-07-05T23:37:00.893-07:00What is the process to apply for a OCI card?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
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<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">If you, your parents or your grandparents were citizens of India
and later you (or they) renounced this citizenship and acquired a foreign
citizenship, then you have the option to apply for OCI or Overseas Citizen of
India. This OCI will allow you to stay and work in India
while you retain your foreign citizenship. For example, you may have worked in
a foreign country all your life, but you want to retire and settle in your
original homeland without changing your citizenship. In such cases, you will
need to apply for OCI.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">The steps:</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">OCI application is a two step process. It is quite easy, but
you should verify that you have all the documents needed and the photographs
with correct technical specifications. Applications are often rejected due to
problems with documentation or photographs.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">The two step process for application of OCI is as follows:</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* The first part of the process can be completed online.
Regulations keep changing; so study the rules carefully.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Go to . You may need to download security certificate to
access the website.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* The next step is to select between “individual” and
“family”. Family in this sense includes father and / or mother and minor
children. Adult children, siblings or other members of the family will have to
apply as individuals.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* The Form A will be displayed depending on your choice.
Fill it up and check it for errors. Then, click on the submit button. If any
field is entered wrong, you will get an error message. Correct the information,
check and resubmit.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* If submission is successful, a copy of the Form A will be
displayed. It will also show your registration number. You will have to print
out a copy of this form.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* This completes the first part of OCI application. You will
now be able to proceed to the second step and download Form B. you will have to
print it out.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Fill up the required information in Form B by hand. You
can also type the information. Additional sheets may be used if needed.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Once you have completed filling the form, you collect all
the necessary supporting documents and photographs. You will get a list of
documents needed at the end of the Form B.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Once all the documents are in order, you will have to mail
them in. send them to the Indian consulate in your place of residence. Be sure
to mention the name of this consulate under “place of submission” in the form.
You should send your application through Speed post or registered post. It is
best not to send them by courier as this is discouraged.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><b>Documents required:</b> A number of supporting
documents have to be submitted with your OCI application. A list is given at
the end of Form B. double check this list because if you forget to send a
document, it will lead to needless delay.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><b>The required documents are as follows:</b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Copy of your present passport.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Surrender certificate if you had ever renounced the
citizenship of India.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* Documentary proof that your parents or grandparents were
citizens of India.
These would include their passports or copy of domicile certificate, evidence
of your relationship in the form of birth certificate where parents’ names are
clearly mentioned. If your claim is based on your grandparents, then in
addition to the above you will need to submit birth certificate of your parent
which clearly shows their relationship to the said grandparent.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 12pt; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">* School certificate and land
ownership records are also accepted. However, you should consult Form B before
sending in your application.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">If you are looking to apply for a PAN card and not an OCI
card, contact: <a href="http://www.nripan.com/" target="_blank">www.nripan.com</a> for
assistance with your application. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">It is very quick and easy. They assist all NRIs, PIOs, and
OCIs with their PAN process.</span></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-86185168014449381052013-06-24T00:11:00.001-07:002013-06-24T00:11:54.525-07:00How can a NRI apply for Aadhar Card (UID)?<div dir="ltr" style="text-align: left;" trbidi="on">
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<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">An Aadhar Card is available to everyone including NRIs now. It can serve as
an Identity Proof document for those who have it. If you are an NRI and you
wish to apply for an Aadhar card, here are the steps you will have to take…</span></div>
<div style="text-align: justify;">
<br /></div>
<ol start="1" style="text-align: justify;" type="1">
<li class="MsoNormal"><span style="font-family: "Trebuchet MS",sans-serif;">The first thing that you will
need is an ID proof document. Your passport copy or any valid government
ID from any country will work. If you are not yet a citizen of that
country, you must provide proof of why you are residing outside of India.
For example: an employer certificate. </span></li>
<li class="MsoNormal"><span style="font-family: "Trebuchet MS",sans-serif;">The second thing that will be
asked of you would be the necessary forms to apply for an Aadhar Card. You
can find the correct form by typing “Aadhar Form” into the search engine
on your computer. You will need to submit this form. </span></li>
<li class="MsoNormal"><span style="font-family: "Trebuchet MS",sans-serif;">The forth thing that will be
asked of you would be your fingerprint and a scanning of your eyes. You
will need to let them scan your fingerprints and eyes so that they can
have it on file. This is the best way to have a true ID proof. </span></li>
<li class="MsoNormal"><span style="font-family: "Trebuchet MS",sans-serif;">After you have completed all
the above, you will be asked to have your photo taken. It is generally a
passport size/style photo that will be taken so everyone will know how to
identify you. They will also keep this photo on file. </span></li>
</ol>
<div style="margin-left: 0.25in; text-align: justify;">
<br /></div>
<div style="margin-left: 0.25in; text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">Once you have completed all of the above steps,
all you have to do is wait to receive the card in the mail. It generally takes
anywhere from 1 to 3 months to
receive. If you are an NRI in need of assistance to apply for a PAN card of India
while sitting abroad, contact: <a href="http://www.pancardonline.com/" target="_blank">http://www.pancardonline.com/</a></span></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-73262488564834348272013-04-04T23:42:00.002-07:002013-04-04T23:42:47.427-07:00How to open NRE/NRO account in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">When you are an Indian living outside of India,
sometimes, managing funds can become a bit complicated. You have to figure out
if you are paying taxes in your country, if you are paying taxes in India,
where you would like to hold your money, and how you will get it into your
pocket. In India,
there are two different types of bank account options for NRIs. The two
accounts offered are called an NRE account and an NRO account. There are some
small differences between the two accounts, but not much difference. Once you
learn all you need to know about the accounts, then you can decide on which
account would be best for you and what you would like to do with your money. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">If you are looking to open a bank account in India
soon, you need to do two things first. The first thing is research. Almost
every bank in India
offers NRO and NRE accounts to NRI clients. You must first look into all of the
banks and see who cuts you the best deal. You need to test their customer
service before you open an account because you are living abroad and you need
the best service available when concerning your money in case anything goes
wrong. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">The second thing you need to look into, if you do not
already have one, is a PAN card. In India,
you need to have a PAN card before you can open a bank account. When you go to
fill up any bank forms, they will ask you for this number. A PAN card is
nothing more that an individual ID number given to you by the IT department in
order to track who has paid their taxes. It is pretty easy to get from abroad
now too. When you open google, you can simply type “NRI pan card”. The results
will give you many reliable sites that will assist you in applying from your
home country. If you do not find any that you like, I would recommend using
<a href="http://nripan.com/">nripan.com</a> or <a href="http://pancardonline.com/">pancardonline.com</a>. These sites are run by Nriinvestindia.com,
which is a very trusted NRI hub. They can also help you with any other
assistance you may need as a Non-Resident Indian. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">Once you have done these two things, you will be ready to
open up a bank account in India.
You should not have any problems as they only ask for a few relevant documents.
So, now you are ready to start your process. </span></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-3488064765142251502013-04-04T23:19:00.000-07:002013-04-04T23:19:48.788-07:00What is an OCI card and how to get one?<div dir="ltr" style="text-align: left;" trbidi="on">
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</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">OCI stands for Overseas Citizen of India. You can obtain an
OCI card when you are looking to have a dual citizenship between India
and another country. If you are an Indian, but you have moved abroad and
obtained a foreign passport, you can apply for an OCI card. </span></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<br /></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">An OCI card would be very useful when doing anything
financial in India.
You can work on an OCI card, you can invest on an OCI card, and you can buy
property using your OCI card. </span></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<br /></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">Why not a PIO card? It is Simple. If you were born in India,
apply for an OCI card, if you were born in another country and are married to
an Indian or of Indian origin, apply for a PIO card. </span></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<br /></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">If you are in India
and you are looking to apply for your OCI card, you will first need to visit
the FRRO office and make sure that you can do that on the visa that you have.
You will then need to visit the MHA office. This is where you will get the
forms that you will need to fill up and return to the same place. </span></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<br /></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">You usually need to provide your passport, visa, address
proof abroad and in India.
Proof that you have been an Indian citizen (copies of your old Indian passport
will serve as proof). Once you have all of the documents, you also need to have
passport size photos taken. </span></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<br /></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;">An OCI card comes in the form of a stamp on your passport
and/or a passport size booklet with the country logo for India
on it. Now that you have your OCI card, you can come to India
and leave India
as you please without any hassle when you go through customs. </span></div>
<span style="font-family: "Trebuchet MS",sans-serif;">
</span><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-73740956070154413452013-03-04T22:39:00.000-08:002013-03-04T22:41:09.557-08:00Setting up a business in India as an NRI<div dir="ltr" style="text-align: left;" trbidi="on">
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<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">A lot of people have
started avoiding even the idea of starting a business in India.
There is such a hassle involved that it seems not worth the idea. Things have gotten
a little better over the years. There are now some simple steps that you can
take to make sure that your process goes as smoothly as possible.</span></span><br />
</div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">- Get your
business name approved in the state that you are opening the company.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">- Register your
company. This usually takes a few days. </span></span></div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">- You need to
obtain a Memorandum of Association. This Memorandum will state all of your
company objects. Make sure to obtain the original.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">- You need to
obtain Articles of Association. This Article will state all of your company
financial regulations. Make sure to obtain the original. </span></span></div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">- You need to
obtain a Power of Attorney.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">- If you are
going into business with any partners, have a legal agreement made for each
partner to sign. </span></span></div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">- Then, you
will need to follow up with the Ministry of Company Affairs until you have
received your Certificate of Incorporation. </span></span><br />
</div>
<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">All in all, you
should set aside at least forty days to get your business set up in India.
It is best if you have a PIO card before you start. </span></span><br />
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">If
you are living outside of India
and are looking to start a business in India,
you will first need to apply for a PAN card. You can do so at: <a href="http://www.pancardonline.com/apply.html" target="_blank">http://www.pancardonline.com/<wbr></wbr>apply.html</a></span></span>
</div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Also,
let it be known that because you are starting a business in India,
you will be required to file your taxes in India
every year. Make sure that you register with the Director General of Foreign
Trade if you are an export/import business.</span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Foreign
Direct Investment: Money invested by an NRI. </span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Foreign
Investment Promotion Board: The ones that approve an NRI’s investment. </span></span></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-89090930190468786092013-01-21T23:57:00.000-08:002013-06-04T03:13:13.947-07:00Do I need a PAN Number to invest in India?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="background-color: white; color: #222222; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nowadays, it is required that you have a PAN card to invest inIndia<span class="Apple-converted-space"> </span>at all. This includes mutual funds, in real estate, and the stock market. When you are investing in<span class="Apple-converted-space"> </span>India<span class="Apple-converted-space"> </span>while living abroad in the<span class="Apple-converted-space"> </span>UK, there is an easy way to get everything you need. You should start with a pan card.</span></span></div>
<div style="background-color: white; color: #222222; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<br /></div>
<div style="background-color: white; color: #222222; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>NRIs apply for your PAN:<span class="Apple-converted-space"> </span><a href="http://www.indiapancard.in/apply.html" style="color: #1155cc;" target="_blank">http://www.indiapancard.in/apply.html<wbr></wbr></a></b></span></span></div>
<div style="background-color: white; color: #222222; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<br /></div>
<div style="background-color: white; color: #222222; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Investment in<span class="Apple-converted-space"> </span>India<span class="Apple-converted-space"> </span>is more common now, because the Indian stock markets are booming. The Indian economy has never been better. So if you are looking to invest your money,<span class="Apple-converted-space"> </span>Indiawould be your best bet right now.</span></span></div>
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<br /></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">The Indian stock exchange was at 25% and still rising. If you plan and invest, you too can make your money grow and come out on top.</span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Companies:</b><span class="Apple-converted-space"> </span>One of the most common ways to invest into<span class="Apple-converted-space"> </span>Indiais through companies. There are many large companies based in<span class="Apple-converted-space"> </span>India<span class="Apple-converted-space"> </span>that are listed on both the Indian Stock Exchange <span class="Apple-converted-space"> </span>as well as in the<span class="Apple-converted-space"> </span>USA. So you can even buy shares for that company by purchasing them from the Stock exchange in theUS. A good example of an Indian company that is worth investing in would be Reliance. Almost half of all Indian investors own stock from Reliance.</span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>EFTs:<span class="Apple-converted-space"> </span></b>Another way that you can invest in<span class="Apple-converted-space"> </span>India<span class="Apple-converted-space"> </span>is through ETFs. They are popular due to the lower risk involved with them. If you do not know what ETFs are, I would advise you to look into it so that you can keep your options open.</span></span></div>
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NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-11289493127347479062013-01-21T23:53:00.000-08:002013-01-21T23:53:04.102-08:00When is a PAN card Useful?<div style="background-color: white; color: #222222; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">A PAN (Permanent Account Number) has not always been as important as it is today. Today, it is essential to have a PAN card when doing anything financial in India. When PAN was first introduced, the main purpose was for the IT department to keep track of who has paid their taxes and who hasn’t. Now, you need a PAN when investing, opening a bank account, getting a loan, filing taxes, opening a demat account, buying or selling property, etc. Some other less known uses for a PAN are:</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><img height="1" width="1" /><b>A Bank Fixed Deposit:</b><span class="Apple-converted-space"> </span>You now need a PAN card number in order to open a Fixed Deposit with your bank, unless it is less than Rs.50,000. If you do not have a PAN number, you will be charged a greater amount of interest. Then, you will not be issued a TDS certificate and the forms and other certificates will be invalid.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Hotel Payments and Restaurant Payments:<span class="Apple-converted-space"> </span></b>If your bills are exceeding Rs. 25,000, many hotels and restaurants will ask you for a copy of your PAN card.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Travel Payments:</b><span class="Apple-converted-space"> </span>If your bills are exceeding Rs. 25,000 when traveling international, many hotels and restaurants will ask you for a copy of your PAN card.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Rental Agreements:</b><span class="Apple-converted-space"> </span>If you are thinking of renting a place, then you will need to submit a copy of your PAN to your landlord. They prefer this form of ID proof over any other.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Jewelry Payments:<span class="Apple-converted-space"> </span></b>For any large purchase of jewelry, you will be asked to submit a copy of your PAN card by the jeweler.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Used Car Payments:<span class="Apple-converted-space"> </span></b>It is necessary to submit a copy of your PAN card to a car dealership in India, before making your first payment.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Landline Phone Installation:<span class="Apple-converted-space"> </span></b>You are required to submit a copy when getting a landline phone installed in your home.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Visa Centers:<span class="Apple-converted-space"> </span></b>The visa centers need your PAN card number before giving you a visa.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">PAN card has become a requirement for everything financial. It is not only used for tax purposes anymore, it is also the most legit form of ID proof.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>PAN Card is just as important as an NRI</b></span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">If you are living abroad, A PAN card is an important document for you to have as well. If you file taxes in India, have any income in India, or any other financial connections to the country, you are required to have a PAN number.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span> </span><br /><b>PAN Card Warnings:</b></span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">-<b>Identity Theft</b>: Identity theft can become your problem after your get a pan card. You need to keep the card safe and with you at all times and be sure when you are mentioning your PAN number on applications. People can easily get a copy or obtain your PAN card number and misuse it. They can quote your PAN card number in transactions that you had nothing to do with.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>What do you do if you are a victim of Identity Theft?</b></span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">When a credit card is stolen and misused, you will probably know about it within a few days. When a PAN card is stolen and misused, it could take up to 8 months before you find out about it. When you go through form 26AS, your tax deduction statement, be careful to look over all the transactions carefully. This is where you will find if your PAN number has been misused. If you do not pay taxes, you will not have this form. When you submit a claim of identity theft to the IT department, they will ask you to prove that the transaction is not yours. This is a very tedious and time-consuming process. Before your give your PAN card details to anyone, be sure of whom you are giving it to.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>What is a Phonetic PAN? (PPAN):</b></span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">The phonetic PAN (PPAN) is a new concept introduced to insure that the same PAN card number is not given to more than one person. When PAN is allotted, the PPAN of the applicant is compared with the PPANs of all the people who have a PAN number in the same country. If there are identical PPANs, the PAN Officer will be notified. Then, the PAN card officer will have to produce a duplicate PPAN report for that applicant. The applicant will then receive a duplicate PAN card with a different PPAN.</span></span></div>
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<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">If you are in need of a PAN card, visit:<span class="Apple-converted-space"> </span><a href="http://www.pancardonline.com/apply.html" style="color: #1155cc;" target="_blank">http://www.pancardonline.com/<wbr></wbr>apply.html</a></span></span></div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-11085055795610584492012-12-27T22:22:00.001-08:002012-12-27T22:22:45.765-08:00How to Get India’s PAN Card?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: small;"><span>Permanent Account Number (PAN) is issued by the
Income Tax Authority of India. It generally used to quote on tax returns and
other financial transactions in </span><span>India</span><span>. It is comparable to the Social Security Card in the </span><span>USA</span><span>.</span></span></div>
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<span style="font-size: small;"><span>Many NRIs living abroad have started
investing in </span><span>India</span><span> because of the interest rates </span><span>India</span><span> has. Every time someone decides to invest in </span><span>India</span><span>, he/she must obtain a PAN card first. This can become
a lengthy process in itself without going through an online broker. The online
process has been made so simple that the majority of NRIs choose to take that
route and pay more in service fees.</span></span></div>
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<span style="font-size: small;"><span>When you go through the PAN department
directly, you almost have to be present in </span><span>India</span><span> in order to visit there office on a daily basis and
make sure that everything is getting done. If not, sometimes there will be
issues with your application and you will never know about it until 6 months
later when you still haven’t received your PAN card. </span></span></div>
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<span style="font-size: small;"><span>The online process is simply. You apply
online and pay with your credit card, download forms and instructions, fill up
the forms and provide the documents, then send everything to the broker’s
office in </span><span>India</span><span>. Everything else is taken care of by them. Sending
sensitive document all the way to </span><span>India</span><span> can be a problem so it is better if you send it to
the broker, that way you can talk to them and make sure they have received
everything all right. </span></span></div>
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<span style="font-size: small;"><span>There a many brokers on the internet today
that can provide you with fast service and get the job done in a timely matter.
<a href="http://www.pancardnumber.com/apply.html" target="_blank">http://www.pancardnumber.com/<wbr></wbr>apply.html</a>
is a broker that has been doing this for a long time. They have very good
ratings. You will always have to send your documents by post with any legit
broker because the government only accepts original signatures on applications.
It is recommended that you send something that is traceable so that you know
where your documents are at all times. The government sends your PAN card via
India Speed Post. There are some brokers that will receive it at their office
and send it via courier.</span></span></div>
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<span style="font-size: small;"><span>As time goes by, the government introduces
more and more rules and regulations for all of these processes. It is easy now,
but you never know how difficult it will become next month or the month after. It
is always better to obtain your PAN card as soon as possible with all that in
mind. </span></span></div>
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NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-81006765184764618002012-07-18T03:34:00.000-07:002012-07-18T03:34:04.673-07:00Rupee Depreciation : Is it the right time for NRI’s to invest in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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With the Rupee depreciating in the last few months to as high as 21%
against the Yen, the most asked question is, “Is it the right time to
invest in India”.<br /><br />Volatile global markets, risk aversion, Euro zone sovereignty issues, Greek debt, rupee depreciation;</div>
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<wbr></wbr> these are terms that the investors all over the globe have become accustomed to these days. <br /><br />With
equities markets giving negative returns all over the globe and the
rupee depreciating by over 12% to the USD, 6% against the Euro and over
21% against the Yen, the major question crossing minds of all NRI’s,
PIO’s and OCI’s is “Is this the best time to invest in India?”<br /><br />The
Indian stock markets because of several reasons have underperformed the
global markets as well as the emerging markets to a certain extend
because of which investors are seeing negative returns, but if an
investor has medium to long term view then this is the best time to
invest in India. The Reserve bank of India has already given signs that
interest rates in India have already peaked and if the inflation rate
stabilize and start to reduce a bit the Reserve bank of India will start
reducing rates which in turn will push the bond prices up. Looking at
these scenarios NRI’s have lot of investment opportunities depending on
their budget and the time frame they can remain invested for.<br /><br /><b>REAL ESTATE:</b>
Indian real estate prices have been on the rise and investors have even
had 100% returns in certain metro cities in the last few years. Even
the great 2008 recession was not able to stop this rally for a long
time. With rupee depreciating NRI’s have more purchasing power in their
hands. <br /><br />Investors can earn three folds from investing in
properties in India. After gold property is considered to be a hedge
against inflation and property prices in India have more or less given
10% returns on an annual basis. These returns are much more than an
average investor in the western world can hope of if they invest in
their markets. <br /><br />Investors can also earn from rentals from the
property. With squeeze in supply over demand and the affordability
factor rentals in the major metro cities is a decent income. You could
easily get around 4% returns through renting your property and with luck
favouring or with prime location the returns can increase to 5%. <br /><br />With
the rupee depreciating to the extend it is in the coming few months or
years even if the reversal is half of what the rupee has depreciated you
are still in line of getting at 6 – 7% returns because of the currency
conversion. It would not be an over statement to say that investment in
property can easily give you 30 – 40 returns in 2 – 3 years. <br /><br /><b>Equities:</b>
With sentiments running negative in favour of stock markets and risk
aversion being the flavour of the scene an average investor is wary of
investing in stocks markets. But despite all the negativity surrounding
India at this moment the fact still remains that apart from China India
is the only country in the world that is growing over 7% and has the
potential of growing by 8 – 9 % annually. Even by the estimates of the
World bank, India will grow at 7%.<br />This annual growth coupled with
the rupee appreciation expected in few months coupled with the interest
rates reduction Indian stock markets remains a destination where putting
your money can give you extremely good returns in a medium to long
term. <br /><br /><b>Bonds:</b> With the reserve bank of India showing signs
of start of the interest rates cycle the bond prices are expected to
rise in the coning few months and it would be safe to assume that the
would be offering good returns with no or very less risk. With the rupee
depreciation offering currency conversion benefits these returns also
can easily surpass the returns that investors can earn in the western
world. <br /><br /><b>NRE Term deposits:</b> With the Reserve bank of India
deregulating the interest rates that the banks can offer on term
deposits to NRI’s; NRI’s can gain from the high interest that India
banks are offering and that too tax free.<br /><br />The following investments you can refer to sites such as <br /><br />www.icicibank.com<br />www.hdfcbank.com<br /><a href="http://www.nriinvestindia.com/" target="_blank">http://www.NriInvestIndia.com/<wbr></wbr></a><br /><a href="http://www.nricapital.com/" target="_blank">http://www.NriCapital.com/<wbr></wbr></a><br />www.NHIA.org</div>
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<b>Source:</b><a href="http://www.prlog.org/11884280-rupee-depreciation-is-it-the-right-time-for-nris-to-invest-in-india.html">http://www.prlog.org/11884280-rupee-depreciation-is-it-the-right-time-for-nris-to-invest-in-india.html</a></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-89101935887942885232012-07-18T03:29:00.000-07:002012-07-18T03:29:46.272-07:00Which is the best Mutual Fund Scheme in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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We are often asked by clients to suggest please tell us which is the
best mutual fund that I should invest in or please advise which mutual
fund should I buy?<br /><br />There is no single fund or scheme that can be
described as best. NO fund or scheme fits into all the criteria for all
investors. If there was a case then why would mutual funds companies
launch 100’s of schemes? Every scheme has different benefits, is
suitable for different time frames and carries different risks
associated. If you ask an advisor, I want to invest INR 10000 per month,
please tell me which fund should I invest in and he says invest in XYZ
fund. Believe me he should be the last person whose advice you should
accept. <br /><br />As written earlier investors need to take into account
lot of factors before deciding which fund they want to invest in. So if
you want to invest in a mutual fund think of <br /><br /><b>Purpose and period of investment:</b>
Mostly investors have a purpose that they want to save for and based on
that purpose they decide on the time frame that they can stay invested
for. So lets say if you want to save for a car, then the time frame you
are looking at is more or less 2 – 3 years, if you want to save for your
kids education then you are thinking of roughly 10 – 15 years and if
you are saving for your retirement then you are thinking for 20 – 30
years. Various kinds of funds also have different time frames that they
are suited for. Like equity diversified fund will be more suited for a
longer time frame, a balanced fund for a long term to mid term and debt
and FMP for short durations. So the purpose and the suitability of the
kind of fund with respect to the time frame you can remain invested for
should be taken care of.<br /><br /><b>Risk profile:</b> Every individual’s
risk profile is different from the other. There are risk takers, risk
neutrals and risk averse investors. Risk takers are the ones that are
even ready to pay premium in order to get higher returns, risk neutral
will be someone who will like to take little risk for high/mid returns,
whereas risk averse will be someone who will take low returns but will
not take any risk on the capital invested. <br /><br />Similarly different
category of funds also comes under different risk profiles depending on
the underlining product they invest in. A fund that invests only in
equities is of course more risky than the fund that invests in debt
products.<br /><br /><b>Age profile:</b> The age bracket one is in,
responsibilities fulfilled, responsibilities pending and personal
personality often determine the risk an individual can take. Keep this
factor in mind while choosing the option you choose makes complete
sense.<br /><br /><b>Past performance:<wbr></wbr></b> Often people say, “This fund
has given 18% returns annually for the last 5 years but what is the
guarantee that the same will be repeated.” Agreed, there is no
guarantee, but at least it gives you certain figures and reasons to base
your future expectations on. <br /><br />Who would you place your bet on to score a 100, Sachin Tendulkar or Rohit Sharma?<br /><br />Of
course Sachin, because he has performed over the years which even
though is not a guarantee of future performance but gives us the reason
to expect that he will score a 100. <br /><br />Comparison can give you the
wrong picture if you compare two different things. If you compare an
apple with another apple the results will be valid and would serve good
purpose, but if an apple is compared with an orange then the results
will not serve any purpose and the decision taken on that behalf will
always be wrong. Hence while choosing between two funds it should always
be borne in mind that both the funds should belong to the same category
and invest in the same asset class. <br /><br /><b>Size of the fund:</b>
Even though size of the fund does not matter directly but indirectly it
does have an impact. Large funds more or less have a defined structure
and protocols that are followed by fund managers. So even if the fund
manager leaves them it does not affect the performance of the fund to a
large extent. <br /><br />Choosing the correct fund that you want to invest
in has never been an easy task for an investor but with technology
giving access to information, if investors weigh their options on the
factors discussed then the chances that they will be able to choose the
appropriate fund are pretty high. The best way still would be to take
professional advice from people that deal with mutual funds. <br /><br /><b>VISIT <a href="http://www.nricapital.com/" target="_blank">http://www.NriCapital.com/<wbr></wbr></a> to Invest in Indian Mutual Funds ONLINE.!</b></div>
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<b>Source:</b><a href="http://www.prlog.org/11877539-which-is-the-best-mutual-fund-scheme-in-india.html">http://www.prlog.org/11877539-which-is-the-best-mutual-fund-scheme-in-india.html</a></div>
</div>
NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-9796883793603931002012-07-18T03:26:00.000-07:002012-07-18T03:26:06.042-07:00How to invest in India’s Top Mutual funds Online?<div dir="ltr" style="text-align: left;" trbidi="on">
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No forms, no cheques, no standing in ques. Can an investor still make
investment in Indian Mutual funds? Yes you can. “Welcome to the online
investment in Mutual Fund world”.<br /><br /><b>Investors can now invest in mutual funds 24 x 7 x 365 using their online investment account with financial portals like <a href="http://www.nricapital.com/" target="_blank">http://www.NriCapital.com/<wbr></wbr></a>, www.fundsindia.com, www.sharekhan.com and www.icicidirect.com.</b>
All you need is an account which can be opened by filling up a form and
sending the KYC documents (as per the SEBI and RBI regulations)</div>
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<wbr></wbr>.
This is the only time you need to send any paper work. Once he account
is active all the investments can be made without having to send any
papers.<br /><br /><b>Who all can open this online trading account?</b><br /><br />All
Indian residents, NRI’s (Non resident Indians), PIO’s (Person of Indian
origin) and OCI’s (Overseas citizen of India) are eligible to open the
online trading account. Depending on your residential status the KYC
documents may vary a little. Generally you would need a valid passport, a
valid pan card, a valid residence proof and a bank account (NRE or NRO)
with netbanking facility to open and operate this account. <br /><br />Once
we receive the documents the same are forwarded to CVLIndia to complete
the know your customer norms. Once the KYC is completed the account is
activated and you are ready to make your investments.<br /><br />The bank
account is linked to the online investment account that you open with
us, which allows you to purchase units of MF’s from most of the AMC’s.<br /><br /><b>Which portals allow online investment in mutual funds?</b><br /><br />There
are lot of portals owned by AMC’s that allow you to invest in their
mutual funds. So if you went to let’s say ICICI Mutual funds you could
make investments in any of their schemes. Again you have to log on to
lets say HDFC Mutual fund to buy their scheme. So still lot of head
ache. <br /><br />There are few good investment portals that allow you to
invest in most of the good mutual funds under the same platform. So
under one account you could invest in ICICI Mutual Funds, HDFC Mutual
Funds, Quantum Mutual Fund, Taurus Mutual Fund, Birla, IDFC all under
the same roof. Some portals charge a fees or transaction fees so please
check with the portal. <br /><br />You could try portals such as <br /><br /><a href="http://www.nricapital.com/" target="_blank">http://www.nricapital.com/<wbr></wbr></a> - FREE All-in-1 Investment Platform<br /><br />www.fundsindia.com<br /><br />www.sharekhan.com<br /><br />www.icicidirect.com</div>
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<b>Source:</b><a href="http://www.prlog.org/11875162-how-to-invest-in-indias-top-mutual-funds-online.html">http://www.prlog.org/11875162-how-to-invest-in-indias-top-mutual-funds-online.html</a></div>
</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-14115455678616794182012-05-01T00:30:00.000-07:002012-05-01T00:43:39.259-07:00NRI Fixed Deposit Rates on Investment on FDs in India<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: 10pt; line-height: 115%;">There is a tremendous boom in the Indian economy. In the face of the
economic slump, the Indian economy stands resilient. Previously, the trend was
to migrate to the west which was experiencing an economic boom. But now the
trend has reversed. Indians living abroad are thinking of investing in India. For a
country that was seen as a land of little opportunities, it is now seen as a
country of a plenitude of opportunities.</span></div>
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<span style="font-size: 10pt; line-height: 115%;"><br /></span></div>
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</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<b><span style="font-size: 10pt; line-height: 115%;">Can NRIs invest
in India?</span></b></div>
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<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
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<span style="font-size: 10pt; line-height: 115%;">Whatever investment options are available to resident Indians, NRIs
can make those investments too. However, this does not apply for persons of
Indian origin as they cannot make investments in agricultural businesses in India.</span></div>
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<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;"><a href="http://www.nriinvestindia.com/blog/how-to-invest-in-the-indian-stock-market/" target="_blank">NRIs can invest in the stock market of India</a>. They may subscribe to the
shares and debentures of Indian companies. They can do this based on a a
repatriable or non-repatriable basis. The other options available for them are the
Portfolio Investment Scheme and government securities.</span></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">The UTI issues units and NRIs can invest in these units through
remittances from their bank accounts held domestically or overseas.</span></div>
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<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
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<b><span style="font-size: 10pt; line-height: 115%;"><br /></span></b></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<b><span style="font-size: 10pt; line-height: 115%;">The type of
account used by NRIs to make investments</span></b></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">There are three types of accounts a NRI can use to make an <span id="goog_1189468365"></span><a href="http://www.nriinvestindia.com/blog/best-investment-opportunities-in-india-industries-emerging-recently/" target="_blank">investment in India</a>.
They are:</span></div>
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</span></div>
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<span style="font-size: 10pt; line-height: 115%;">·<span style="font-size: 7pt; line-height: normal;">
</span></span><span style="font-size: 10pt; line-height: 115%;">Foreign Currency Non Resident Account</span></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; margin-left: 0.5in; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">·<span style="font-size: 7pt; line-height: normal;">
</span></span><span style="font-size: 10pt; line-height: 115%;">Non-Resident Ordinary Rupee Account</span></div>
<div style="text-align: justify;">
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</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; margin-left: 0.5in; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">·<span style="font-size: 7pt; line-height: normal;">
</span></span><span style="font-size: 10pt; line-height: 115%;">Non-Resident External Rupee Account</span></div>
<div style="text-align: justify;">
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</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<b><span style="font-size: 10pt; line-height: 115%;"><br /></span></b></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<b><span style="font-size: 10pt; line-height: 115%;">Understanding the
24% and 40% schemes</span></b></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">The 24% scheme allows Indian companies to open up their shares and
debentures to NRI investments. This does not apply for Indian companies involved
in agricultural business. </span></div>
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<span style="font-size: 10pt; line-height: 115%;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">The 40% applies to equity purchase, preference shares purchase, and
convertible debenture purchase. Such purchases should not exceed more than 50%
of each issue’s face value. There is a limit to repatriation – up to 40% of new
issues are not allowed to be repatriated. </span></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">This scheme has enabled many companies to raise capital without going
to IPO. Under this scheme, NRIs can invest in Greenfield projects, expansion and
diversification projects of currently operating companies. </span></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">The 24% and 40% scheme has seen many companies coming to India based on
the backing of NRI funds. This trend has seen the IT sector boom in India. The IT
sector rides high on the investments of NRIs. Small and medium sized IT
companies back themselves up with NRI funds.</span></div>
<div style="text-align: justify;">
<span style="font-family: Georgia,"Times New Roman",serif;">
</span></div>
<div class="MsoNormal" style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<span style="font-size: 10pt; line-height: 115%;">There has been a lot of debate on whether the scheme should extend to
agricultural businesses.</span></div>
</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-5675364418440778622012-04-04T02:22:00.000-07:002012-04-04T02:22:23.996-07:00How NRIs do Online Trading - Equity<div dir="ltr" style="text-align: left;" trbidi="on">
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Most of the reputable and registered brokers in India offer Online Trading facility in Equities for NRIs. <b>Such Online NRI Trading Account opening involves the following:</b><br /><br />1) Opening of Bank A/c with a PIS Designated Bank (DB).<br /><br />2) Opening of <a href="http://www.nridemat.com/" target="_blank">Demat account</a> with Broker.<br /><br />3) Opening of Broking A/c with Broker.<br /><br /><b>What is a PIS Account?</b><br /><br />PIS account (Mandatory for Indians living abroad): Portfolio Investment Scheme (PIS) allows NRIs to invest in shares of Indian companies, in secondary market, under repatriation or non-repatriation basis in respect of shares or convertible debentures sold or purchased through a registered stock broker on a recognized stock exchange. Any other modes of acquiring shares are not covered under this scheme ie, shares purchased through IPOs, as resident individuals, bonus shares etc.<br /><br /><b>What is a DMAT account?</b><br /><br />Demat Account stands for a dematerialized account. The way one has to open a bank account if you want to park or save money; the very same way you need to <a href="http://www.nriinvestindia.com/nri-demat-account.html" target="_blank">open an online Demat Account for NRIs</a> if you want to buy or sell stocks, and later save your stocks there in the Dmat Account. This Dmat happens to be maintained with a depository and is opened through a DP - Depositary Participant. At NriInvestIndia.com we specifically help NRIs, PIOs & OCIs to open a Online Dmat account in India. What is a Broking/Trading Account: Trading account is nothing but an account opened with a stock brokers, that would enable you to buy and sell shares or any other financial instruments through them.<br /><br /><b>NRI Mutual fund investment in India can be done in 2 different ways.<br /><br />Categorically speaking:</b><br />1. Investments via using Power of Attorney.<br /><br />2. Investments without power of attorney.<br /><br />In general NRIs can invest into all major mutual funds like: Kotak Mutual Fund Franklin Templeton India Mutual Fund Birla Sunlife Mutual Fund Prudential ICICI Mutual Fund HDFC Mutual Fund TATA Mutual Fund Sundaram Mutual Fund Cholamandalam Mutual Fund Standard Chartered Mutual Fund DSP Mutual Fund Principal Mutual Fund SBI Mutual Fund Reliance Mutual Fund Deutsche Mutual Fund ABN AMRO Mutual Fund J M Financial Mutual Fund ING Vysya Optimix HSBC Mutual fund Fidelity AMC.<br /><br /><i><b>About the Author</b></i><br /><br />Myself Aditya Sharma (Sr.Investment Advisor), and I work for a NRI Investment company (<a href="http://www.nriinvestindia.com/" target="_blank">www.NriInvestIndia.com</a>) that helps NRIs, PIOs and OCIs to invest in India's top mutual funds.<br /><br />Here at NriInvestIndia.com we focus in delivering value service to our NRI clients when it comes to their investments in the Indian stock markets - NSE & BSE.</div>
</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-50783706560973878032012-04-03T03:31:00.000-07:002012-04-03T03:31:52.040-07:00Can NRIs invest in Mutual Funds in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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Non Residential Indians (NRIs) often ask whether they can invest in Mutual Funds in India or not. The answer is YES!! NRIs can <a href="http://www.nriinvestindia.com/nri-india-mutual-funds.html" target="_blank">invest in mutual funds in India</a> and these investments can be made on a repatriable or on a non-repatriable basis, as preferred by the investor.<br /><br /><b>What is 'repatriable' basis?</b><br /><br />To invest on a 'repatriable' basis, the NRI must have a Non Resident External (NRE) or FCNR Bank Account in India. The Reserve Bank of India (RBI) has granted a general permission to 'Mutual Funds' to offer mutual fund schemes on repatriation basis, subject to the following conditions:<br /><br />1) The Mutual Fund should comply with the terms and conditions stipulated by Securities and Exchange Board of India (SEBI).<br /><br />2) The amount representing investment should be received by inward remittance through normal banking channels, or by debit to an NRE / FCNR account of the non-resident investor.<br /><br />3) The net amount representing a dividend / interest and maturity proceeds of units may be remitted through normal banking channels or credited to NRE / FCNR account of the investor, as desired by him subject to payment of applicable tax.<br /><br /><b>What is 'non-repatriable' basis?</b><br /><br />The RBI has granted a general permission to 'Mutual Funds' to offer mutual fund schemes on non-repatriation basis, subject to the following conditions:<br /><br />1) Funds for investment should be provided by debit to National Reconnaissance Office (NRO) account of the investor. Alternatively, funds may be invested by inward remittance or by debit to NRE / FCNR account.<br /><br />2) The current income in the form of dividends is allowed to be repatriated.<br /><br />It is important and useful to note here that no permission of the RBI either by the Mutual Fund or the investor is necessary.<br /><br />Does an NRI need any approval from the RBI to invest in mutual fund schemes?<br /><br />Many NRIs think that they need approval of the RBI to <a href="http://www.nriinvestindia.com/nri-services.html" target="_blank">invest in mutual fund</a> schemes in India. This is a myth. A NRI does not require any approval. Only the OCBs and FIIs require approval of the RBI to invest in mutual fund schemes.<br /> </div>
<div style="font-family: Georgia,"Times New Roman",serif; text-align: justify;">
<i><b>About the Author</b></i><br /><br />Myself Aditya Sharma (Sr.Investment Advisor), and I work for a NRI Investment company (NriInvestIndia.com) that helps NRIs, PIOs and OCIs to invest in India's top mutual funds.<br /><br />Here at NriInvestIndia.com we focus in delivering value service to our NRI clients when it comes to their investments in the Indian stock markets - NSE & BSE.</div>
</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-78297327865551876422012-04-03T03:21:00.000-07:002012-04-03T03:21:18.212-07:00What is a Demat Account & How to get one in India..!<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>What is a Demat Account?</b><br /><br />Demat is shortened from Dematerialized account. Just as if you need a bank account for savings or making transactions, you would need a <a href="http://www.nridemat.com/" target="_blank">Demat account</a> when you are buying and/or selling stocks and shares. A Demat account holds the lists of your stocks and shares electronically.<br /><br /><b>Obtaining and working an Account</b><br /><br />With any registered depository participant (DP), a Demat account can be opened. You can see the NSDL and CDSL websites if you need a list of registered DPs. After you have picked your DP, complete the following steps:<br /><br /><br />* Fill out the form for opening an account.<br /><br />* An agreement with the DP needs to be signed<br /><br />* You need to submit proof of your identity and address,<br /><br />When the account is up and running, the DP will provide you with a Beneficial Owner Identification (BO ID) that you will use when making transactions. When you sell shares, give the DP all delivery information, then your Demat account will be debited and payment for the transaction will be made via a broker or bank. You will need the BO ID while buying shares and placing orders for the shares. The DP will then credit your account with the shares.<br /><br />Statements of your stock holdings and transactions will be given by the DP. The charges for opening and having the account depend on the DP that you choose. An idea of comparative rates can be seen at the NSDL and CDSL websites.<br /><br />The Indian stock market is moving upward day by day, with short/long term investments having extraordinary growth opportunities. You can truly benefit from the current stock market upsurges and build a good portfolio with a Demat account.<br /><br /><b>NRIs / PIOs and Demat accounts:</b> Non-Resident Indians who have invested in Indian companies or would like to, need to open a Demat Account. There are many reputed brokers in India that assit NRIs & PIOs like: Geojit.com, <a href="http://www.nriinvestindia.com/" target="_blank">NriInvestIndia.com</a>, HDFC.com & ICICI.com is a global leader in providing services needed to invest for NRIs. You can look at your Demat Account details and print a statement of the transactions and holdings from everywhere in the world. </div>
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<i><b>About the Author</b></i><br /><br />Myself Aditya Sharma (Sr.Investment Advisor), and I work for a NRI Investment company (NriInvestIndia.com) that helps NRIs, PIOs and OCIs to invest in India's top mutual funds.<br /><br />Here at NriInvestIndia.com we focus in delivering value service to our NRI clients when it comes to their investments in the Indian stock markets - NSE & BSE.</div>
</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-81005700144079910542012-03-19T02:49:00.005-07:002012-03-19T02:51:27.448-07:00How to check PAN card status online?<div dir="ltr" style="text-align: left;" trbidi="on">
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First lets understand what is a PAN card and why is it needed. The PAN card is a necessary and essential requirement for anyone wishing to conduct financial transactions in India. The PAN card was made mandatory by the Income Tax department of India since 2005. Thus anyone living in the country or any Non-resident Indian living abroad needs to have a valid PAN card that will allow him/her to carry out monitory deals in the country. The PAN is must to do any kind of financial dealings involving banks, the Income Tax department, or any stock exchange deals.<br />
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The PAN or Permanent Account Number is a ten digit alphanumeric number that is issued in the form of a laminated card by the Income Tax department. This measure was taken in order to allow the authorities to monitor the financial dealings taking place in the country and for the enforcement of Income Tax laws that prevent unfair or illegal procedures. In the current scenario, the PAN is a compulsory item that every adult must own as it allows one to file for income tax returns and any other activity pertaining to financial exchanges. <i><a href="http://www.pancardnumber.com/status.html" target="_blank"><b>>> READ FULL STORY</b></a></i> </div>
</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-82826528022772993432012-03-14T05:12:00.000-07:002013-06-04T04:20:04.412-07:00Why and How you must have a PAN Card Number online?<div dir="ltr" style="text-align: left;" trbidi="on">
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Pan card
or the permanent account number card is something of prime importance.
Its value is being realized slowly and steadily and it is extremely
required nowadays for any kind of financial transactions. The tax
department of the country is responsible for allotting this pan card to
any particular individual. This is allotted for the purpose of
identification of that individual and at the same time it becomes easy
for the tax department to keep track of the transactions this person
makes with the help of this pan card.</div>
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For any relevant year of assessment if
you find that your basic income is exceeding the limit of exemption then
you must apply for a pan card within 31<sup>st</sup> may of that very
year. If the turn over or the gross receipts of any person exceeds the
value of Rs. 500,000 and the charitable trusts which have been specified
must apply for pan card before the accounting year comes to an end. The
employers who file fringe benefits have the advantage. For them there
is no strict time limit set and hence they can apply for pan card
according to their own convenience <b><a href="http://www.pancardnri.com/blog/why-and-how-you-must-have-a-pan-card-number-online" target="_blank"><i>>> READ FULL STORY</i></a></b><br />
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NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-81372752739488836092012-03-14T05:08:00.000-07:002013-06-04T04:20:30.573-07:00How can a Foreign Company apply for a PAN Card Number in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: small;">As per the Indian government rules all
foreign companies and organizations, are required to obtain a permanent
account number (PAN Number) from the Income Tax Authorities of India.
According to what has been specified in section 206AA which was inserted
by the Finance (No.2) Act, 2009, it has been clearly stated that all
foreign parties whether an individual companies or partnerships or any
kind of entity who receive payment from the Indian companies after the
period of 1<sup>st</sup> April 2010 is expected to get their pan to the Indian party which is remitting that payment.</span><br />
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<span style="font-size: small;"><b>Need to apply for Company PAN, visit:</b><b> <a href="http://www.pancardnri.com/company.html" target="_blank">www.PanCardNri.com/company.html</a></b></span><br />
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If the Company PAN Number is by any
chance not provided to the Indian party with whom transactions are made
then the Indian party is expected to deduct the tax on the foreign
payment at the highest value of the rates <b><a href="http://www.pancardnri.com/blog/how-can-a-foreign-company-apply-for-a-pan-card-number-in-india" target="_blank"><i>>> READ FULL STORY</i></a></b></span><br />
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NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-11420980597520370822011-12-09T23:53:00.001-08:002013-06-04T04:21:00.491-07:00How NRIs & PIOs can Invest in retirement saving plans in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">Investing in a proper <a href="http://www.nriinvestindia.com/insurance.html">retirement plan</a> is the
primary concern of every employee worldwide and there is a wide array of
options available. You can plan ahead and watch your money grow to make your
retirement not only comfortable, but financially rewarding as well.</span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;"></span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">To arrive at a retirement plan, you need to check
out various alternatives and also follow some simple steps. There are several
user friendly services backed by 24/7 customer support for nonresident
individuals to plan their retirement.</span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;"></span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">Clients are served by agencies that have tie-ups
with a wide range of insurers to provide them the best in retirement plans. You
can check out the individual options and decide on what would suit you best.
Each plan has its share of advantages over the other as well as some
shortcomings.</span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;"></span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">Professional agents are always there to help you
on the internet for choosing the right plan. Retirement plans are also not a
one-size-fits-all type and what would suit someone else will not suit you.</span></div>
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<b><span lang="EN" style="font-size: 11pt; line-height: 115%;">Decide how much income you would need</span></b><span lang="EN" style="font-size: 11pt; line-height: 115%;"></span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">You need to decide on your own how much income
you require to live comfortably after retirement after taking into account the
possible hike in cost of living during the period. </span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">The impact of inflation can be calculated by the
inflation index calculator which will give you a rough idea to make your plan.</span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">Take into account medical expenses as they tend
to go up in old age, gifts, family expenses, and travel and rental charges if
you do not plan to buy a home.</span></div>
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<b><span lang="EN" style="font-size: 11pt; line-height: 115%;">Market linked plans</span></b></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">Depending on your present income, you can plan
how much savings you can do. Your retirement calculator will indicate the money
you will need and the amount you can save. It is only by selecting the right
retirement plan that you can meet all your post retirement goals comfortably.
If you opt for plans that invest your money in the financial market, you can be
assured of a healthy return. But you need to invest in a plan that would
ultimately meet your criteria.</span></div>
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<b><span lang="EN" style="font-size: 11pt; line-height: 115%;">Plan from now to benefit from compound calculation</span></b><span lang="EN" style="font-size: 11pt; line-height: 115%;"></span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">Instead of putting off retirement planning for
another day, you should act quickly and the best time is right now. The more
delayed the entry the lower would be your chances of getting a reasonable
return on your investment. Costs are going up and to meet the price index post
retirement would require you end up with a good return. As time is on your
side, you can take advantage of the benefits of compounding calculation as
well. </span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">Your primary requirement would be to invest a
specific amount each month and watch it grow. It would again depend on your
monthly income and budget as well as how much money you can comfortably spare
for investment.</span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">The insurance sector in India has lots of tailor
made plans to suit the NRI and even those who plan to come back to India after
years of working abroad. Many <a href="http://www.nriinvestindia.com/">NRI’s</a> are investing in the burgeoning insurance
business these days for planning their retirement. </span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">The Indian insurance industry dates back to the
early 19th century and life insurance premiums account for nearly 2.5 percent
of the GDP. After economic liberalization kicked off and in the subsequent
years beginning with 1999, the insurance industry has witnessed many path
breaking changes with several global players entering the lucrative Indian
market.</span></div>
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<span lang="EN" style="font-size: 11pt; line-height: 115%;">But even though the foreign direct investment has
been hiked up to 26 percent, the largest insurer is still owned by the
government.</span></div>
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<i><b><span lang="EN" style="font-size: 11pt; line-height: 115%;">There any many firms these days offering such
professional services to non resident Indians. One such financial firm offering
complete NRI investment services that I like is: <a href="http://www.blogger.com/www.NriInvestIndia.com">www.NriInvestIndia.com</a></span></b></i></div>
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NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-14669362884887631482011-12-02T23:52:00.001-08:002011-12-03T00:35:19.040-08:00How NRIs & PIOs can Invest in Indian mutual funds?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Georgia,"Times New Roman",serif;">If you do not have much of market expertise which is very much needed as a purchase back up then it would be really foolish on your part to invest in India actually. But mutual fund is one big time relief for any kind of investors. For this kind of investment you really do not require knowledge in depth of the Indian markets. If you are just plain and simply interested in mutual fund investment then you can go for it without a second thought. In this article we shall take a look at the steps that you are expected to follow.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You must try and understand the mutual funds that are open-end from India. Liquidity is offered by these and you will also receive the opportunity to buy and sell shares at a value which is related to their net asset values actually. There is no fixed date of maturity for them</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">Now you must also have this knowledge that closed ended options possess fixed maturities and this period can be of 2 years and can extend up till 15 years easily. You can directly jump into investing in these funds when they are just freshly introduced in the market. After the period of initial issue you may also choose to buy them in the stock market.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You must definitely realize one fact that interval opinions do comprise of features of both open and closed-end funds. Now the shares of these funds from India can be traded over the stock market or it can also be bought or sold at intervals which have been previously set.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">Now we should take a look at what are the steps involved in collecting relevant information.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You must appreciate the fact that if you are deciding to invest in the foreign markets then you are actually opening your chances of increasing your income and provide a growth of your capital.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You must first of all find out whether market exposure to India is already something that is existential in your portfolio.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">If you can manage a discussion with a financial adviser or broker on your objectives, investment time horizon or risk tolerance then it would be really great. You an also sit with them and determine what portion of your portfolio you wish to contribute in the mutual funds of India.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You must understand that the <a href="http://www.nriinvestindia.com/nri-india-mutual-funds.html">mutual funds in India</a> is not something that is unaffected by the development of world events. There can be social and political changes that can bring about a change in the mutual funds.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">When you wish to invest in the mutual funds in india then you must keep one fact in mind. The currency risk is something that you just cannot choose to ignore when investing in India. So be ready to take this risk actually.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You can choose to do some research work on the Indian mutual funds by taking a look at: <a href="http://nrifinanceguide.com/">nrifinanceguide.com</a></span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You must try to find out and obtain as much information as possible on the prospectus and the performance of those funds that you find interesting enough. Take a look at them very thoroughly before you jump for any kind of investment actually.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">You have to decide on those funds that would best serve your purpose. For this you can definitely choose to discuss it with your broker or financial adviser. And you must do the transaction through them.</span><br style="font-family: Georgia,"Times New Roman",serif;" /><br style="font-family: Georgia,"Times New Roman",serif;" /><span style="font-family: Georgia,"Times New Roman",serif;">So these are some of the important points that you should keep in your mind while deciding on the Indian mutual funds.</span></div>
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<a href="http://www.nriinvestindia.com/bonds.html"><img border="0" height="63" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjtus9La9-t850ID3Z256jZ1bVKeQMj-VDD5hsVcx0Aj6MZIP8hyphenhyphenetRY5M0JBTxlGFISOtVLqyDisS_E4yZw7bdIdLockTJkvTCRG-VzKqlk3WMwvFndcMn8BHHjbxUerrpAMTeY8HzLER/s400/tax-free-india-bonds.jpg" width="400" /></a></div>
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</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-28113039969589366842011-11-25T00:41:00.001-08:002011-12-03T00:37:50.126-08:00How NRIs & PIOs can Buy Real Estate in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://property.nriinvestindia.com/">Buying a property in India</a> is the dream of every NRI - non resident indian & PIOs, whether he or she is settled in the Gulf, anywhere in the west ranging from the UK, US, Europe or Australia. The trend to own a real estate in India has been fuelled by the host of options in premier homes, resorts and villas that are available nowadays. The time is also ripe as there is a surge in interest from everywhere in the world. NRI’s are mostly checking out online options these days to buy property in India.<br />
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<b>Take time to look for the best option</b><br />
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If you think you can buy property during your two or a maximum of three week trip to India, you should do some real soul searching. Memories of visiting lawyers, property consultants would surface soon enough to discourage you from embarking on such a major investment in such a short time. If you are planning to buy a house in India for staying during your trips as well as for your retirement, you should plan well in advance.<br />
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As a NRI you may not know the story behind the several great real estate properties mushrooming all over the country, especially in metros across India. There could be long term plans of a flyover or an expressway close to your residence or a city railway project that could make your stay uncomfortable with the noise and pollution. Do an advance study of all upcoming projects near the proposed site before you think of investing as there could be many unknown facts.<br />
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And it is not possible for you to keep tab on each and every possible urban development planned throughout the year. You can invest in India as an NRI and offered special treatment compared to caps on resident Indians. Some of the <a href="http://www.nriinvestindia.com/real-estate.html">real estate investment by NRI’s</a> is governed by the FEMA or Foreign Exchange management Act. You can remit money from a bank outside India or use your NRI account in India.<br />
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<b>Rules and regulations for buying NRI house in India</b><br />
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You would have to fill out form IPI 7 available at the Reserve Bank of India and you have to submit the necessary documents which will show that have already entered into an agreement to buy property in India. But you cannot sell the property before three years after acquiring or after the last installment date, whichever is later. India does not have easy outward remittance systems compared to its liberalized inward remittance policies. You won’t be able to remit money more than what was paid to buy the property.<br />
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The simple fact is that you cannot make any capital gains from the sale of the property bought in India. If you plan to make profits by investing in real estate, you would be disheartened as the profits cannot be taken away. The main reason why the government in India has relaxed the norms of buying real estate for NRI’s is to bring in more investments to the sector in foreign currency while at the same time offering them a chance to own house property for their stay in India.<br />
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Again, there is a catch. If you own more than one property in India, you will be allowed to repatriate only the sale proceeds of two properties not exceeding the amount they were bought with. The returns from the property cannot be repatriated as dividends. Even though real estate is a good buy in India, you need to check out several options with a wide array of reputed realtors catering to the NRI’s and their track record before buying property in India.<br />
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<a href="http://www.nriinvestindia.com/bonds.html"><img border="0" height="63" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjtus9La9-t850ID3Z256jZ1bVKeQMj-VDD5hsVcx0Aj6MZIP8hyphenhyphenetRY5M0JBTxlGFISOtVLqyDisS_E4yZw7bdIdLockTJkvTCRG-VzKqlk3WMwvFndcMn8BHHjbxUerrpAMTeY8HzLER/s400/tax-free-india-bonds.jpg" width="400" /></a></div>
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</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com0tag:blogger.com,1999:blog-7235147758754568459.post-7230521074635712192011-11-23T03:23:00.001-08:002012-03-14T05:04:18.416-07:00Why invest in India?<div dir="ltr" style="text-align: left;" trbidi="on">
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As a step forward to liberalize better, the process of reforms have really created good results by widening the opportunities of greater investment in the Indian economy. The paper work retrenchment is something which is highly noticeable these days and the government is much more generous with all its policies. A huge inflow of funds has been experienced significantly by the capital markets actually.<br />
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The Indian economy has fortunately acquired such a powerful position where it is ready to face the tough competition of facing the overseas market and deal with the international investors. The international investors seriously feel that India has a very good potential market which can promise them fantastic returns over their investments.<br />
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Now let us take a look at the policy changes that has taken place<br />
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<b>Industrial policy</b><br />
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There has been some real good business promoting reforms that India has ensured to accelerate the economic growth of the country. The government has actually removed the requisition of the industrial license and had it simplified greatly which is now helpful for the investment actually. They have really taken a step forward to open their arms and welcome foreign technologies. Except for certain sectors this is applicable in all other industries.<br />
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Some of the sectors that would still require the industrial license are public sector enterprises, manufacturing of products which have been reserved for small scale sector, and industries that have been retained under compulsory licensing.<br />
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<b>Foreign investment policy</b><br />
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Except for certain sectors like the rail and defense the foreign investment policy is found to be applicable in most of the sectors. It is really fortunate for international investors to get the permission of setting up 100 percent subsidiaries in India. They are not expected to take any kind of prior permission from RBI.<br />
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The investments should be following a set of guidelines and it should be fulfilled within a specified frame of time. But this policy is applicable only and only for investments that are new and not for the equity that are obtained from al ready existing owners of equity. “Automatic approval of route” is the name given to this particular procedure.<br />
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<b>Foreign investment promotion board (FIPB)</b><br />
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In order to encourage the flow of FDI (foreign direct investments) the government has set up something known as FIPB. This has led to the simplification of the process that is usually followed for investment actually. And this has also opened the scope of recommendation for the <a href="http://www.nriinvestindia.com/">foreign investments</a>.<br />
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<b>Secretariat for industrial assistance (SIA)</b><br />
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The SIA is expected to report to the Department Of Industrial Policy and Promotion in the Ministry Of Commerce & Industry. They report with the purpose of establishing a one single window clearance for any new business initiative, receiving and then processing applications, facilitation of investors, making decisions pertaining to policy with respect to technology and investment and glean or collect and publish the data for some industries.<br />
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<b>Automatic approval route and FIPB Route</b><br />
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The Foreign Direct Investment policy of the government of India and the Foreign Exchange Management Act of India 1999 (FEMA) guides any kind of foreign investment into India. After the period when reforms were introduced the Government has made it a point to do away with all the prerequisites for approval from the government for any kind of fresh investments actually. However the policies have not come to a complete end in certain sectors.<br />
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A new cell which is known as the “Investment Promotion and Infrastructure Development Cell” has been set up in order to encourage investment and to organize and harmonize with the industry for the purpose of having the infrastructure sector developed properly.<br />
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<i><b>>> Please be advised that in order to invest in India you would need a <a href="http://www.pancardonline.com/" target="_blank">PAN Number</a>. More info on pan number can be found here: <a href="http://www.pancardnri.com/">www.PanCardNri.com</a></b></i><br />
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<a href="http://www.nriinvestindia.com/bonds.html"><img border="0" height="63" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjtus9La9-t850ID3Z256jZ1bVKeQMj-VDD5hsVcx0Aj6MZIP8hyphenhyphenetRY5M0JBTxlGFISOtVLqyDisS_E4yZw7bdIdLockTJkvTCRG-VzKqlk3WMwvFndcMn8BHHjbxUerrpAMTeY8HzLER/s400/tax-free-india-bonds.jpg" width="400" /></a></div>
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</div>NriInvestIndia.comhttp://www.blogger.com/profile/04502687791408337039noreply@blogger.com1tag:blogger.com,1999:blog-7235147758754568459.post-31394645414692427902011-11-22T02:53:00.001-08:002012-03-15T04:02:45.263-07:00What are the Advantages of a PAN Number for NRIs & PIOs?<div dir="ltr" style="text-align: left;" trbidi="on">
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The benefits of having a <a href="http://www.pancardonline.com/">PAN number</a> in India are listed below. First and foremost, it acts as an identity proof, a testimony to one’s relation to India. In this context it is COMPULSORY for all non resident Indians to possess a Pan card as it helps them carry out any transactions in their country efficiently and with the minimum amount of trouble. Thus if one wishes to invest in India, or file taxes the PAN card is of utmost importance.<br />
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<b>Why NRIs need a <a href="http://www.pancardonline.com/" target="_blank">PAN Card</a>?</b><br />
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The PAN card needs to be disclosed in the event of the purchase or sale of any property. The document pertaining to the sale or purchase of property must contain the PAN. This rule holds where immovable property valued at Rs. 500,000 or more is involved. In case of co-owners, the PAN of both the owners needs to be mentioned. However, if a nominee holds the property, it is important to mention the PAN of the legal owner. <a href="http://pancardnumber.com/">(Read More...)</a><br />
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