superb plans of nri investment
TRANSCRIPT
![Page 1: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/1.jpg)
Superb Plans of NRI InvestmentBefore investing, non-residents of India should have Indian account. Let’s have a look over the accounts facilitated for them:
![Page 2: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/2.jpg)
Non-Resident External Rupee Account (NRE)
• Earning via Indian origin is transferable freely• USD 1 million is its limit• Repatriation requires CA certification• Foreign funds can be deposited• Interest is taxable• Prime function is to manage earning in India
![Page 3: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/3.jpg)
Non-Resident Ordinary Rupee Account (NRO)
• Convert foreign currency into INR• Conversion rate is given as per prevalent price• Interest and Principal amount can be repatriated• Fixed, savings and recurring a/c can be opened
![Page 4: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/4.jpg)
Foreign Currency Non-Resident Bank Deposits (FCNR)
• Foreign currency can be deposited• Fixed rate of exchanging currency• Can be opened as joint a/c• Maturity period: min. 1 yr & max. 5 yr• Tax free deposition
![Page 5: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/5.jpg)
NRI Fixed Income Investment Opportunities
![Page 6: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/6.jpg)
National Pension Scheme
• It’s the contributory pension scheme.• Regulated by PFRDA (Pension Fund Regulatory and Development Authority)• Valid age-group lies between 18 years to 60 years• Individual account• Joint account not permitted• Online banking facility • Citizenship of India is essential
![Page 7: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/7.jpg)
National Pension Scheme
Continue……….
• Giving-up citizenship compels for closure of this a/c• Flexibility in investment options • Lost cost investment• Tax benefits under Section 80C• Investment limit for 1 yr: Min.=INR 500; Max.=INR 6,000
![Page 8: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/8.jpg)
• Must have NRE a/c or FCNR a/c or NRO a/c• Interest rate varies • Interest on deposit is tax free• Interest earned on NRO investment is repatriated • Taxable investment
Fixed Deposit
![Page 9: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/9.jpg)
Certificates of Deposit (CDs)
• Non-negotiable model• Maturity period is not less than 7 days and more than 1 year• It is mandatorily repatriated • Rate on return is higher than FD
![Page 10: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/10.jpg)
Bonds
• Long-term investment• These are redeemable.• Fixed rate of interest • Tier-1 capital’s banks are issuer• Lock principal amount for some time
![Page 11: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/11.jpg)
Mutual Funds
• Can be equity as well as debt mutual funds• Debt funds is fixed income securities, including govt. securities, treasury bills,
corporate bonds, money market instrument etc..• The foretold fund is fairly liquid.• Withdrawal can be done at any time.• Capital remains safe.• Return on investment is low.• Equity mutual funds are short-termed.
![Page 12: Superb plans of nri investment](https://reader035.vdocument.in/reader035/viewer/2022062820/58ab32821a28abb64d8b53f9/html5/thumbnails/12.jpg)
Thanks for Watching