Money

Zero Depreciation Car Insurance & Benefits in India

Zero Depreciation Car Insurance & Benefits in India

Zero Depreciation Car Insurance in India seems to have come as a blessing in disguise at a time when the no. of accidents happening on Indian roads is increasing significantly. Zero Depreciation Car Insurance Cover is an add-on insurance cover which provides certain additional benefits over and above the Standard Insurance policies. The requirement for such an insurance in India […]

Read the full article →

PPF Account and PPF Interest Rate @ 8.7%

PPF Account and PPF Interest Rate @ 8.7%

We all have heard a lot about PPF Account and seen our parents make investment but what is PPF Interest Rate in India and what are the benefits of investing in this form of Instrument? This is one question which usually crops up in our minds and in this article we have tried to explain the basics and the benefits […]

Read the full article →

NRI Account in Indian Banks – NRE, NRO, FCNR Account

NRI Account in Indian Banks – NRE, NRO, FCNR Account

With the Interest Rates in India being significantly higher side as compared to other developed Countries like the US, UK, Canada etc., many Indians staying in these countries prefer to park their excess funds in India to earn a handsome Interest on their surplus money. To encourage Non Resident Indians (NRI’s) and Persons of Indian Origin (PIO’s) staying abroad to […]

Read the full article →

What is NRO Account? Bank Account in India for NRI’s

What is NRO Account? Bank Account in India for NRI’s

As Interest Rates in India are higher as compared to the western countries, many NRI’s have a preference for investing in India. To make use of these high differences in Interest Rates in India and other developed countries, NRI’s have started investing their funds in India. An NRI can keep money in the following 3 types of Bank Accounts i.e. […]

Read the full article →

What is NRE Account & NRE Account Interest Rate

What is NRE Account & NRE Account Interest Rate

NRE Account stands for Non-Resident External Account and is one of the 3 forms of NRI Bank Accounts in India. Recommended Read: 3 Forms of NRI Bank Accounts in India NRE Account can be opened either in the form of Savings, Current, Recurring or Term Deposit Account. Such accounts can be opened only by the non-resident himself and not through […]

Read the full article →

What is FCNR Account? Fixed Deposits for NRI’s in India

What is FCNR Account? Fixed Deposits for NRI’s in India

With Interest rates on Fixed Deposits in India being significantly higher as compared to the Interest rates in the western countries, many NRI’s invest their surplus funds in fixed deposits in India through the 3 eligible forms of Bank Accounts allowed by RBI i.e. NRO Account, NRE Account and FCNR Account. Recommended Read: 3 forms of NRI Bank Account allowed […]

Read the full article →

NRI Investment in India in Indian Stock Markets & Shares

NRI Investment in India in Indian Stock Markets & Shares

With a large chunk of Wealthy Indians preferring to settle outside India, there is immense capital in the pockets of these NRI’s. The NRI Community is one of the richest communities of Expats in the World. With NRI’s growing in all spheres of life a large chunk of money is parked with these NRI’s who are always on the lookout […]

Read the full article →

Rules for NRI investment in India in Real Estate

Rules for NRI investment in India in Real Estate

NRI Community is one of the richest communities of expats in the World. The presence of NRI’s is omnipresent across the globe and they have also been able to garner a sizeable portion of the wealth. These NRI’s may be well settled abroad and may be earning big but at the end of the day, most of these NRI’s want […]

Read the full article →

Senior Citizen Saving Scheme: Benefits & Interest @ 9.2%

Senior Citizen Saving Scheme: Benefits & Interest @ 9.2%

The Indian Govt is very friendly to senior citizens in financial matters and not only gives benefit of higher tax slabs to senior citizens but also gives them extra interest on govt deposits. One such deposit scheme of the Indian govt especially framed for the benefit of senior citizens is the Senior Citizen Saving Scheme (SCSS) and this scheme has […]

Read the full article →

What is a Current Account and How to open it in a Bank?

What is a Current Account and How to open it in a Bank?

Current Account is an account in which there is no limit on the no. of transactions that can be done in a day and are therefore also referred to as Transactional Accounts. These type of accounts are held neither for the purpose of Investment nor for the purpose of Savings but only for the convenience of the business as these […]

Read the full article →