NRI Explains : THE MOST Important things to do as an NRI | NRE vs NRO | Demat | Investments

NRI Explains : THE MOST Important things to do as an NRI | NRE vs NRO | Demat | Investments | Taxes

Рет қаралды 83,260

Ай бұрын

Term Plans in India are 30-50% cheaper than International Plans. Buy Now 👇
tinyurl.com/mrtzh3rj
Who is an NRI?
As per Income tax act, to determine whether you're a resident or non-resident in India for a financial year:
- Stayed in India for 182 days or more during the financial year, OR
- Stayed in India for 60 days during the financial year and 365 days in the preceding 4 years.
- Exceptions to the 60-day rule include being an Indian citizen working abroad or visiting India as a PIO or Indian citizen. In such cases, you're considered a resident if you've stayed in India for 182 days or more. If you don't meet any of these conditions, you're a non-resident.
Banking
NRE Account: For parking foreign earnings in India. Funds fully repatriable, tax-free interest.
NRO Account: For managing Indian income. Repatriation subject to restrictions, taxable interest.
FCNR Account: For depositing foreign currencies. Fully repatriable, tax-free interest.
Demat
- NRI Demat Account with PIS:
* For NRIs investing with the intention of repatriating funds.
* Requires a designated PIS bank account.
* Transactions subject to RBI limits and approval.
- NRI Demat Account without PIS:
* For NRIs investing without the intention of repatriation.
* No need for a separate PIS bank account.
* Investments and earnings remain non-repatriable.
Insurance
Can NRIs obtain insurance in India?
Yes, they can.
2. Who is eligible?
Temporary NRIs, OCI holders, and PIOs.
3. Why should they consider insurance in India?
- Protection against income loss for their families
- Coverage for outstanding loans or debts
- Cost-effective plans
- Convenient video telemedical checks
- 50% cheaper than international plans
- exit plans for NRIs uncertain about retirement or future needs
-GST waiver of 18%
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Stock Market, Mutual Funds, Investments, Personal Finance, Make Money Online
NRI Explains : Must Do Issues | NRE vs NRO | NRI Demat | Stocks & Mutual Fund | Insurance | Taxation
NRI Demat Account PIS vs Non-PIS
NRI Banking : NRO vs NRE vs FCNR
NRI Taxation
NRI Term Insurance

Пікірлер: 562

@finance.boosan Ай бұрын

Term Plans in India are 50% cheaper than International Plans. Buy Now 👇 tinyurl.com/mrtzh3rj

@ganeshbala439 Ай бұрын

Need promo code

@RahulRaj-wv7qg Ай бұрын

@kathiresanl5385 Ай бұрын

Two months before I took term insurance this one correct or not how to check bro

@abdulvarish8756 Ай бұрын

Please create one community for NRI

@yesyes2419 Ай бұрын

Yes

@abineshbr5030 Ай бұрын

Yes, That would be much appreciated 🙏

@thariq321 Ай бұрын

Yes plz,

@rajeshkumarramasamy1308 Ай бұрын

Yes,

@sudheendrab8326 Ай бұрын

👍

@badhirinaath3494 Ай бұрын

Bro I am from Germany … I am investing in mutual and stock and following you Video. As you said is true because there are no enough Videos about NRI in Tamil. Thank you for your video …. And reallly I need more video about NRI investment in India Please my humble request to consider making video for NRI investment which will be more usefull for peaple like me ….. I love you bro for this content …

@senthilkumarmn7351 Ай бұрын

நான் கடந்த ஒரு வருடத்திற்கு மேலாக தங்களுடைய காணொளிகளை பார்த்து வருகிறேன். அனைவருக்கும் முதலில் குறைகள் தான் தோன்றும். இதுவரை சிறிய குறையை கூட தங்கள் காணொளிகளில் காண முடியவில்லை. தங்களின் காணொளிகள் எப்பொழுது ஏராளமான தகவல்களுடன் இருக்கின்றன. அனைத்து நிறைகளையம் வேறொரு நேரத்தில் பட்டியலிடுகிறேன். NRI பற்றிய காணொளிகளை தொடர்ந்து வெளியிடுமாறு வேண்டுகிறேன். தங்களின் சேவை தொடர வாழ்த்துக்கள்.

@subbiahsomasundaram9170 Ай бұрын

Wow right time... I was searching for this video to understand the conversion and at right time it released... thanks ..very useful... please try to create separate channel and post NRI related videos... 1. I'm not sure whether SSY investment allowed to continue or not? 2.If we have any existing LIC policy or SSY before NRI then what it will happen ? 3.Additionally, what are the brokerage charges for NRI in Zerodha. 4.For local money transfer to other Indian SB account whether we can use NRE to do direct money transfer or better, first transfer to NRO and then to other SB accounts? 5.If tax detected directly at source, then do we still need to file ITR and if so then, do we need to use ITR2 form? 6.What are the implication of not converting to NRI NRO? 7.How about existing LIC insurance policy ? Anything to intimate them? These are the few question which I have doubts. Please clarify and it will be helpful. Thanks and your videos are very useful and the way you explain is very short and straightforward.

@Surya-tc8ot Ай бұрын

Thank you, really useful video. Being a NRI, I always find difficulties to find videos in Tamil for many details. As a follower of your videos, requesting you to start making videos related to NRI investing as well. I would like to know more about below two topics, thanks in advance. 1. Deductible Health Insurance 2. ITR Filing must for NRI?? 3. FD in NRE vs FCNR? 4. NPS investment

@sanjeeviraj1689 Ай бұрын

I am delighted that you have created this video. I have been anticipating someone to produce this type of video.

@muthusamyarumugam4189 Ай бұрын

This video is highly appreciated. Many thanks.

@rajubalasubramaniyam9002 Ай бұрын

Incredible n comprehensive video Boosan your insights n clear concise n elegant !! Thanks a lot for making this video !!

@aiw3231 Ай бұрын

Thanks bro, pls make a video on ITR for NRI ( to claim the TDS)

@Notexactly469 Ай бұрын

Very useful video brother... waiting for this long period 🎉🎉❤

@giljusjo Ай бұрын

Wow. Very useful...answered many questions that I had in mind. Would be great if can hv specific detailed video bro! Thanks

@venkatsubramanian8343 Ай бұрын

Great video. This has lot of different topics that can be discussed separately. Also, Keep a separate channel for NRI and U.S. stocks analysis

@nekumar1 Ай бұрын

Good idea to have an NRI general/ finance series!! Covering retirement plans, asset management as an NRI, insurance covering international coverage, wealth management in India, returning back to India, privileges for NRI kids to study in India, medical tourism, other related topics.

@aswinraina699 Ай бұрын

Woww. Worth content. Infact this is the first video in Tamil who clearly talk about NRI d-account and trading options. Thanks for the content, really it worth it.

@karthikeyanrajkumar1147 Ай бұрын

Interested in more NRI investment options in India, do and don’t etc. Also talk about “stop loss” feature and best practices for long term investors . Been following you for a while now, feeling so useful. Thanks.

@vinodlakshmanan3869 Ай бұрын

Please create a separate playlist for all the NRI Account brother. Good job

@HariKrishnan-xv4dx Ай бұрын

Thank you brother, Was quite useful expecting more videos on related topics

@jamsheerahammed5425 Ай бұрын

This is one of the best videos I have seen on tube. Please continue the nri series.

@kanmaniravi7448 Ай бұрын

Very useful. Clear explanations. Please continue this. Thanks

@imironman9484 Ай бұрын

Series or channel is appreciable

@saran7332 Ай бұрын

Awesome! I got clarity on few things which I struggle to find out. I suggest you to provide a google or Microsoft form to post questions. It will be useful to sort the queries and address the information in the future on respective topic videos. Form can have some prefilled Choice to categorize the topic and uncovered title can go to miscellaneous. You can later add the title to the form.

@muthukumar-dm3oj Ай бұрын

I was waiting for long.. thank you so much for this video thalaiva

@kprabhu1986 Ай бұрын

Thanks Boosan for this video! Please make a detailed video about PIS and Non-PIS accounts.

@SlayerM87 Ай бұрын

Thanks bro👍. That was a Clear Explination. Would like to see more on the NRI Restrictions part and if is there any way to overcome it. Cheers 👍

@annirudhprasanna5745 Ай бұрын

Very crystal clear explanation bro.. the way you are delivering your content is simply superb..i am seeing your video for thr 1st time.. immediately i have subscribed.. All the very best..

@divaakarveluchamy7683 Ай бұрын

Excellent content and delivery. Keep posting such useful content.

@ezhilarasan5593 Ай бұрын

Wonderful information.. Most sought after Great insights.. Please do more. Especially taxation on mutual funds.

@haider6030 Ай бұрын

awesome work bro… thank you soo much 🙏🏻

@sanjevsaalaivazan7786 Ай бұрын

Thanks Brother, more videos appreciated.

@Mansoor-vr3ci Ай бұрын

Thanks a lot for explanation. Appreciate your effort.

@vishnuramk4480 Ай бұрын

Very good. Everything on the point. Great content

@balajiprasath4760 Ай бұрын

Good video Boosan. Would be very helpful if you can add more NRI specific content.

@leninwins Ай бұрын

Need of the hour bro. Thanks a lot

@Arun-sat Ай бұрын

oh wow! thank you so much-nga ☺

@harishnow Ай бұрын

Please create an NRI playlist.. Thanks a lot. Keep up your good work..

@pragatheeshprakki4038 Ай бұрын

Post a video regarding how to open demant account for NRI. Post more videos regarding investment and saving for NRI This would be really appreciatable

@vtv3495 Ай бұрын

Create a NRI Channel

@aswingauthamkulandaisamy5735 Ай бұрын

Great topic and much awaited content. Please create a separate community or content so many like me can benefit.

@imainnocentboy Ай бұрын

Really good info.. yes NRI info about finance and financial planning is very limited. Appreciate your idea and sharing value info

@alagunitt1987 22 күн бұрын

Thanks bro. It is very very useful and eyeopener video🎉

@Aaa-i4d Ай бұрын

Very very super crystal clarification 👌👌👌👌..

@digitalbytes8714 Ай бұрын

The Most awaited NRI content, we all requested last week and you did it ♥♥♥♥♥

@vighneshkumaressan2169 Ай бұрын

Very very useful, please continue.

@ManikandanTamilan Ай бұрын

Nice video. A video on FCNR deposits will be useful as there is not much info on those lines. How to open , how to transfer funds to FCNR currencies, benefits and minimum time for deposits etc can be considered.

@sabeerahamed9855 Ай бұрын

Useful information. Keep going

@josephbastin6373 Ай бұрын

Great content Keep continue👍🏻

@albinshalini4554 Ай бұрын

It's very useful for every NRI, please continue to add investment plan videos for NIR

@prabur4027 Ай бұрын

Thanks for sharing the info bro, very informative 👍

@nandhatobby7208 Ай бұрын

Most awaited video

@BalaThiru-sx4uk Ай бұрын

very useful, thanks for sharing the information

@vincenttrichy Ай бұрын

Yes post more detail videos, for NRE and FCNR and investment and tax details

@karthikeyanb416 Ай бұрын

Yes bro, Excellent video, pls create separate community.❤

@NashYouTu 26 күн бұрын

Such a great content, very useful information,we need more information on these topics

@nithinkothari5710 27 күн бұрын

Very clearly explained. I’m working in Singapore for 5 years now. It was very painful to get it done one by one as you mentioned. Also for the TDS deducted at source while filing ITR we can claim. Like resident Indians income of NRI in India is also not taxable upto first 5L. And for stocks no taxes upto 1L LTCG. So please file ITR regularly and claim the TDS. Thank you.

@Tawfiq87 Ай бұрын

Thanks for the knowledge. Pls explain about Tax Filing for NRI. (How to file)

@usgelm3476 Ай бұрын

KEEP IT UP BRO - GOOD JOB

@karanmanikumar8266 Ай бұрын

Detail to point was perfect👌👌

@vijaykumarrock3 Ай бұрын

This video help us a lot and please continue more nri videos

@surendarmurugesan9797 Ай бұрын

Great explanation bro, one correction non-pis demat account , they only accepting NRO account.

@antonylopez4467 Ай бұрын

very useful details sago.. keep ahead..!

@anithaanitha4017 Ай бұрын

Thanks bro rempa detail ha sonninga NRI India la investment ku solitinga ana Dubai, US ingala f&o pannanum na athu ku account venum la atha pathi solunga India la investment panna family la erukavanga account pancard ithala use pannikurom atha konjam ec ya eruku but NRI athuku benifit forine la invest or treading panna tax ella la atha use pannikanum la athuku konjam help pannunga ena neenga sonnathu crt NRI pathi detail kedaikamatuthu kedachalum puriya matuthu ana neenga sonnathu rempa help ha erunthuchu

@akilanv238 Ай бұрын

Hello Boosan brother, This is one of the best videos of yours. These topics are very clear but it would be great if you could cover each topic by detailed video.❤

@nandini_raja 4 күн бұрын

Thanks Boosan!

@AshokKumar-ol9yw Ай бұрын

Taxes on dividends will differ for NRO & NFE account, which is missed in the video. However, it's good information. Keep it up.

@infobybala Ай бұрын

Thanks thalaiva!

@vijayamurugank Ай бұрын

Thanks for the useful information need seperate video on demat and income tax filing for NRI.

@gowsicbalasubramanian2962 Ай бұрын

Nice topic. Keep rocking

@immaculatejoseph1958 Ай бұрын

Very useful. Could you please explain about NRI Demat with non-PiS account(tagged with NRE account) limits n benefits? Happy to join your NRI community and wishing you a great success

@ramchandrarify Ай бұрын

Good content and useful ! Thanks for your work 🙏. Please create new community or separate play list for NRI.

@10129933286568 Ай бұрын

You are doing a great job and creating financial literacy among Tamil people. Extremely important and fruitful content Boosan. Please create more content on this topic.

@anandChina Ай бұрын

Very informative thank you

@sadiqrahman4601 Ай бұрын

Bro, It's very informative. Thank you so much. Pls cover the subject, on how to transfer big fund thru bank for purchase of property or any investment. Also the limits on fund transfer etc..

@manojkumarm4968 Ай бұрын

Bro, en kita oru demat account irruku, na ippo India la irruthu tha long term invest matum pandran with mutual fund um but na future la foreign poren na enna pananum solluga please... I like only long term investment.

@user-sy9si1qr9s Ай бұрын

Very informative. Thanks. Can you give some advice on how to invest in Direct Mutual funds with NRE account and Which broker allows this? At present HDFC securities only allow regular plans and not direct plans.

@vigneshchinna1974 Ай бұрын

16:25 there is a TDS exemption for Singapore NRIs under DTAA And also applicable for some countries

@mohammedmuhyideen6142 Ай бұрын

Well done.. all clear 👌

@ajayprasad9919 Ай бұрын

Anna❤, ajay here. First of all thanks for considering NRI's. I would b great if you explain about which account (either NRE or NRO) is for which investments (nifty index fund, individual stock, nasdaq 100) and its pros & cons. I addition to this, try to make a separate vedio about PIS and Non-PIS for not NRE and NRO. Thanks heeps.

@sathishkumars4969 Ай бұрын

Hi bro you are very great❤....your message is very clear

@mkarvj 16 күн бұрын

Very good video bro. It's very informative.

@PrasannaKumarRG-ik9gm Ай бұрын

Thanks Bro for this initiative on content for NRIs. It would be a good idea to have a separate series or channel for NRIs.

@niranjanpn3436 Ай бұрын

This is highly useful bruh. It would be highly beneficial if you start a seperate channel

@prakashvisits Ай бұрын

Hi bro, Almost since 1 week I am watching all your videos. It was super helpful. Love from London :)

@lalithanandhin2406 Ай бұрын

I am in netherlands brother. More info on this topic will be helpful

@rajendranselvarathnam7307 Ай бұрын

Hi Actually my brother(incidentally a NRI too) suggested your channel to me. Really appreciate watching your videos that are insightful. Thank you very much. We are all in for NRI channel.

@faizalahamedfaiz Ай бұрын

Pls make a video about how to open PIS account,broking charges,how how PIS account works. And do more videos about NRI investments

@SenthilSenthil-le1cl Ай бұрын

Thank u bro...need more videos

@prasannanprasannan8748 Ай бұрын

It’s great. keep on

@rajaramt3676 Ай бұрын

Great info Bro

@balamurali4281 Ай бұрын

Hi Bro! Firstly great video really resourceful. Had prior doubts in most of the areas that eventually got cleared in this video. One more doubt, instead of going through all this NRE, NRI and NRO transactions related to investments, can we just open a Demat account in favor of dependence and do all our investment through that channel? Because most of us send money back to our dependence (non NRE/NRO account) in India through international transfers. So is it possible we can use this option ? or the above transaction option is not right? It would really be helpful if you share your views over it or incorporate the topic in future videos!

@senthilengg05 Ай бұрын

Very useful info

@ChandrasekaranSrinivasan Ай бұрын

Best one on right time, Boosan! Thank You! I bought employee stocks when I was in India and it went IPO few months, but I left that company long time back. Which demat account I need to claim those stocks now? I think I need to get NRO Non-PIS. Is that correct?

@nimble-nirmal Ай бұрын

Thank you very much Mr.Boosan for your very insightful and informative video.! Really helps to understand the banking concepts for NRIs.! Really appreciate your efforts.! More power to you.! god bless..! ✨👏🏻👏🏻

@hemanthkumarpadmanaban-fs8pb Ай бұрын

Very useful information thank you very much. Please share your experience on filing tax in India as an nri for the incomes in India to nre and nro account. Since tds is deducted as soon as you redeem your fund, only way to get this back is through ITR filing, if income less than 3.5 lakhs. So far no one has given information on filing tax as an nri. Even my auditors in India suggested not to file tax as nri in India. Your thoughts please.

@AhamedIbraheem Ай бұрын

Great video brother🤝

@Rockfort_dinesh Ай бұрын

Very good information..THANK YOU JI...very good Useful. You can upload more videos for NRI....😊

@alibasha2790 Ай бұрын

nre demate account tax pathi video podunga bro

@ManojKumar-ck2rk Ай бұрын

Just wondering about this information... You posted it! Thanks! Can you please elaborate a bit about PIS and Non PIS account in your upcoming videos.? It will be a great idea to have a seperate series for NRIs and will useful for people like us living in Canada, not sure about what type of bank acc / taxation rules / docs we should opt for. Thanks!

@nandagopalethirajulu3128 Ай бұрын

Hi Boosan, Thank you. Useful insights. Can one have more than one bank accounts as NRI. One operative NRO and the other non-operative SB account?

@madhan.g600 Ай бұрын

I have spent lot of hours going through many forums to understand the topics you have covered in this videos but your explanation is super helpful as always crisp and to the point. Keep up the good work bro 🤝🏻. As an NRI i am looking forward to join a community or channel to watch your quality content.

@finance.boosan Ай бұрын

Indeed it took me days and weeks of work to go through articles and forums to understand them clearly when I started out as well, I can clearly understand you.