The Right Strategy for NRIs to Invest in India.

 If you are living outside India chances are that you have healthy savings. Just saving the money is not enough because inflation will eventually depreciate the value of the money which is why it is important to grow your money by investing it in the right place. You can always take advantage of the difference between foreign and Indian currencies. This means that at the end of the day you will invest more than what you would have had you been living in India.

India has seen tremendous growth in the past two decades. As a result, the country is attracting a great deal of foreign direct investment. This has prompted NRI investors to consider India as the right market to invest in. At the same time, as an NRI it is important to have the right strategy for your investment, or else you might lose all your savings altogether. One of the best options to invest in is fixed deposits. At SBM private health, NRIs get a wide array of options for fixed deposits so that they can choose as per their need. NRIs can start fixed deposits through FCNR, NRO, and NRE accounts. NRI fixed deposits are a great option to invest if you have the estimate of the time by when you might need the amount invested as you'll not be able to withdraw before maturity. One of the great advantages of NRI fixed deposits is that there is no upper limit to how much you can invest. Also, it has a very simple documentation process. All you will need is a passport, work permit, ID proof, and bank details. The investment opportunity is available to not just NRIs but also PIOs (Persons of Indian origin) as well. The PIO must have held an Indian passport at any point in time and their parent, or their grandparent must have been a citizen of India under the Constitution of India or India Citizen Act 1955. If they are a spouse of an Indian Citizen or spouse of PIO, then they can also be considered as a PIO.

NRI Fixed deposits

You may consider opening an NRE account fixed deposit with SBM private health to invest your foreign earnings in India. With this fixed deposit, you get the advantage of attractive NRE account interest rates with quarterly compounding. You also get flexible tenure and tax-free returns. At the same time, your earnings are fully and freely repatriable, both principal and interest. Do note that these earnings may be taxable in your residence country.

The other NRI fixed deposit to consider is the NRO FD. The deposit provides quarterly compounding on NRO FD rates. You can for instance use this deposit to invest your rental income and warnings from dividends, to see them grow. Just like an NRI account, the NRO account also provides attractive interest rates with quarterly compounding and flexible tenure. In this case, the interest is fully repatriable after the payment of taxes. This deposit gives you the flexibility of jointly opening the account with other NRIs/PIOs and Resident Indians. The interest rate ranges from 5 to 7% depending on the tenure of the deposit. With SBM's support, you can open your NRO account in no time by producing the relevant documents.

You also have the option to open an FCNR account (foreign currency non-resident). The interest that you earn is tax exempted and foreign exchange fluctuations have no impact on the deposits in the FCNR deposit.

If you want to take things a notch higher, then you can amplify your wealth with guaranteed returns on SBM NRI Superia Deposit. This deposit is available in multiple currencies. The deposit guarantee is higher returns than NRE/FCNR deposits. It provides tax-free returns in India and is freely repatriable. You also get the flexibility of different 10 years and simplified documentation. For more details do visit the SBM private wealth website at SBMbank.co.in

With these many options and SBM bank's customer support, your earnings would just be safe but will also grow at a steady pace. It's time that we take advantage of this golden opportunity. You can plan and secure the future of your family and loved ones with SBM private health.


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