Monthly Archives: August 2021
High-interest returns, availability of numerous zero-risk investments, and hassle-free fund repatriation are some of the reasons why countless NRIs prefer to invest their hard-earned money in India. The wide range of investment instruments for NRIs help them meet their varied financial appetites and goals. To put it simply, you may be far away from home,…
When you move away from home, a lot of things change, including your financial life! A change of residential status also means a change in the nature of your bank account.According to the Foreign Exchange Management Act (FEMA), a Non-Resident Indian (NRI) cannot hold a resident savings account in India. Thankfully, you can manage your…
Just like NRIs don’t break emotional ties with their motherland, they no longer need to sever the financial one. India offers them a great deal of banking and investment opportunities that caters to a diverse set of financial goals. Consider one such example of a Non-Resident External or NRE savings account. Through this account, you…
Can’t find taxis or autos when you need them the most? Don’t want to pay the ridiculous surge fares cabs charge? Tired of waiting for the bus? Well, getting a two-wheeler can help you swerve past all these hassles. Fortunately, purchasing a two-wheeler has become a lot easier over the years. Why? Because of two-wheeler…
If you’re an NRI looking for a high-return investment avenue back home, an NRE fixed deposit (FD) account is just right for you. An elegant financial solution, NRE fixed deposits are entirely tax-free in India , give you attractive interest rates, and can be opened online within minutes. What’s more, you can start this FD…
When travelling abroad, what is the safest way to carry money? A credit card seems like a convenient choice. However, there is a more economical yet equally convenient payment method – forex cards! Like credit cards, they allow you to make purchases at any merchant POS terminals; simply swipe/tap and buy on the go. They…
Debit cards lie in the comfortable space between credit cards and cash – you don’t have to worry about overspending, and you can carry them around conveniently. If you’ve never used these cards or are thinking of trying one out, here is why you should give them a chance. It’s Convenient With a debit card…
Can you really make money work for you? On paper, this sounds like a dream that is too good to be true. In reality, however, you can absolutely put your idle funds to good use. When struck with a sudden financial crisis, most of us end up liquidating our assets like fixed deposits. While this…
The saying “Half knowledge is more dangerous than ignorance”, is especially true when it comes to your credit score and how it relates to your loan approval. Your credit or CIBIL score defines your creditworthiness and, in turn, decides whether your bank will approve or reject your personal loan application. To have a smooth borrowing…