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NRI – Non Residential Indian

By   /  August 15, 2013  /  NRI Investments in India  /  No Comments

Who is an NRI? An individual shall be deemed to be a non-resident in following cases: When he stays in India for less than or upto 182 days during the preceding financial year. The period of stay may not be ‘continuous’ and the same shall be calculated by adding up the days of his stay […]

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Importance of Nomination facility in banking transactions

By   /  August 14, 2013  /  NRI Investments in India  /  No Comments

Nomination Facility is an ideal tool to mitigate hardships of common persons in settlement of claims in the event of death of the account holder. Nomination facility simplifies the procedure for settlement of claims of deceased depositors as banks get a valid discharge by making payment of the balance outstanding in a depositor’s account at the […]

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