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NRI Investment Services

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Non resident Indians who have/ intend to make Investments in IndiaFor Non resident Indians who have/intend to make investments in property and hold bank accounts in India, we manage their financial affairs in India. We provide NRI investment services, NRI capital gain services, issuing Form 15CB for repatriation of funds, NRI tax filing services as follows:

  • Facilitate liquidation/lease of property
  • Facilitate repatriation of sale proceeds of investment and property.
  • Facilitate repatriation of income from investments and rent from the property let out.
  • Facilitate acquisition/ lease of property with complete banking and other regulatory formalities.
  • Plan their financial transactions to minimize tax liability in India.
  • File Income Tax return.

Banking Accounts
ParticularsForeign Currency
Non-Resident Account
(FCNR)
Non-Resident
External Rupee Account
(NRE)
Non-Resident
Ordinary Account
(NRO)
Type of accountTerm deposit onlySavings, Current, Recurring/ Term depositSavings, Current, Recurring/ Term deposit
Period for depositsFor terms not less than 1 year and more than 3 years i.e. 1-3 years onlyNo restrictionNo restriction
Joint accountIn the name of two or more non-resident individualsIn the name of two or more non-resident individualsMay be held jointly with residents
Operation of accountBesides account holder, Power of Attorney holderBesides account holder, Power of Attorney holderNRI and Resident Indian Account holder jointly or severally. Also Power of Attorney holder.
NominationPermittedPermittedPermitted
Designated currencyUSD, Pound Sterling, Japanese Yen, Euro, DM, Australian Dollars, Canadian DollarsIndian RupeesIndian Rupees
Canadian Dollars
Rate of interestFixed or floating within the ceiling rate of LIBOR/ SWAP rates for the respective currency/corresponding term minus 25 basis points at present.Savings: Ceiling rate of six month USD LIBOR
Term Deposit: Ceiling rate of USD LIBOR of corresponding maturity
Current: No interest is paid
Savings: As applicable to domestic savings accountÂ
Term Deposit: Banks are free to determine interest rates.Â
Current: No interest is paid.

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