If you are planning to move out of India or you are working in a company and got an opportunity to work out of India than there are few things you need to plan before shifting abroad. This ebook is comprehensive NRI checklist of all the preparations you should make.
Financial & Personal… We are sharing an ebook which took one month to prepare, because we wanted to make a complete guide on NRI Checklist that one should know being an NRI.
We have covered NRI Banking, Investments, Equity, Mutual Funds, Insurance, PPF, NPS, Power of Attorney, Home Loan and even utilities like Gas & Mobile Phones.
No need to read multiple articles or surf websites. We offer you a whole, detailed guide & actionable tips.
Lots of NRI’s post their queries & issues on our website. We thought of collating the queries and provide a detailed structure for the readers. This list will surely save you from lots of worries and paperwork.
If you are an NRI or in the process of becoming one, you may have a question regarding:
- What to do with your Bank Accounts. Which one to open or close? What does RBI say on this?
- Can I remain joint holder with my spouse or mother’s bank account or her investments?
- Should you be reviewing your life insurance or does it make sense to get fully insure and then move abroad?
- What to do with your Health Plan or Mediclaim? Will Indian Mediclaim Policy Help in a foreign land?
- What to do with existing Mutual Funds? Is there a problem for US or Canada NRIs?
- How to buy shares in India or what to do with existing shareholdings?
- Is PPF still relevant for NRIs? What to do with an old PPF account?
- Will my MF taxation change on NRI Investments?
- Do I need Aadhar? What if I already have one?
- What about my existing Home Loan?
- What to do with mobile phone or gas connection?
- What about NPS? Can NRIs invest?
- How to create a Power of Attorney? Why is it required?
- What to do with existing Credit Cards?
- How and should I file Income Tax Returns?
So we though – Answer all these questions and compile it in an e-book so that it could be shared over internet.
Presenting the E-book NRI Checklist
– A Comprehensive Guide For NRIs
This e-book is also a compilation of “all the things required” before & during the time you are an NRI. Feel Free To Download this Free E-book from below link & share with your NRI friends and family members.
Ebook – An NRI Checklist
If you want to discuss on any content of the E-book or have a query please add it to the comments section below.
I get govt.pension in India.Now,I am to shift to Canada with my son.(1)If I become Permanent Resident there,can I open NRI account in India?(2)I am investing in mutual funds through SIP in India.Can I continue it through NRO account or compulsorily go through NRI account?(3)Some Mutual Funds ask if you are an US or Canadian resident and if so,what is the reason behind such inquiry.Is there any extra tax liability or so.
Sir,
1) You can open NRE A/C when you become acquire Canadian Citizenship as India consider you a PIO.
2) You may continue to invest from NRO account as you have income from/in India. Any income from Canada can be invested through NRE.
3) Yes investing once you are a Canadian NRI/PIO will be difficult. Only 8 MFs take investment for US/Canada and some of them do not take SIPs and some ask investor to be present in India while making investments. Reason for this is countries on financial exchange agree to share and adhere to global reporting systems. So many companies in India do not want/cant (allowed form there parent country) to take such responsibilities. So they do not allow such investments.