Description

NRI Wealth Advisory At NRI Wealth Management Services, it is our constant endeavor to provide the NRIs the highest standards of services with a view to building lasting and trusting relationships. We will help you to get an idea of range of Wealth Management Services offered exclusively for NRIs having existing wealth in India and to those aspiring to create wealth in their land of origin. Non-Resident Indian (NRI) A non-resident Indian (NRI) is an Indian citizen or a person of Indian origin who stays abroad for employment, business or vacation outside India, or stays abroad under circumstances indicating an uncertain duration. What is a NRE account? NRE Bank Account is an external savings bank account opened for Non resident Indians and hence called Non-Resident External account. Any money lying in NRE account can be taken outside the country or in other words, the money lying in an NRE account is fully repatriable. This money can be converted into any foreign currency and can be remitted outside the country. For opening these accounts, the funds are required to be remitted to India through any bank from the country of residence of the prospective account holder. The accounts may be maintained in any form e.g. savings, current, recurring or fixed deposit account etc. What is a NRO account? NRO bank account is an ordinary saving bank account opened for Non resident Indians. This is why it is known as Non-Resident Ordinary account. You open an NRO account, when you want to transfer money from your overseas bank account to Indian account in Indian Rupees. The money lying in NRO account cannot be taken outside the country or in other words, the money lying in NRO account isn’t repatriable. This is can be in form of Fixed Deposit accounts also. We have online account activation process to make it easy for NRI’s to get started with their investment journey in India, kindly contact us to start investing.