Prabhat, who recently converted status from resident to NRI, asked me if it is ok to continue Mutual Funds investments & SIPs from domestic accounts. The NRI Investing Using Domestic Bank Accounts like savings or current is not allowed. So what to do if NRI invests using domestic bank accounts? Why this is so? ManyRead More
Financial Planning
Credit Card Hidden Charges
Credit Cards are very useful for transactions. They help you by providing the safety of transfer and also earn you points & rewards. Credit cards offer convenience and flexibility but often come with hidden costs that can catch you off guard. Credit Card hidden charges are subject to various companies who issue these credit cards.Read More
5 Major Health Insurance Policy Changes 2024
The IRDAI has recently introduced some 5 major changes to health insurance regulations to make policies more customer-friendly. We should be aware of these most important 5 major health insurance policy changes in 2024. These changes include reducing the waiting period from 4 years to 3 years, moving towards a fully cashless claim settlement system,Read More
Types of Real Estate Investment in India
Real estate investing has no organized “Exchange” to determine the fair price. There are only two parties – An owner who owns a property and a buyer who wants to buy that property. Hence price may depend on many factors like development around, usage of property, etc. The most important thing to consider is theRead More
Navigating Will for NRI : Step-by-Step Guide
For Non-Resident Indians (NRIs), planning for the future involves more than just financial management—it also entails ensuring that their assets are distributed according to their wishes. Will is such a legal arrangement. Will for NRIs can solve this issue. Using Will, NRI can be sure of distributing & transferring his assets after his death. DraftingRead More
How to Make Car Insurance Claim (Part-2)
In part one of this post, we detailed our own damage insurance claims. We learn that own damaged car insurance can be claimed in cashless mode & reimbursement mode. Many documents are required to file the claim process. The complete list is given in the previous post. Now when we have every information & documents.Read More