NRI Banking

  Retirement is a big milestone that every person dreams and plans for much earlier than they retire. Retirement is an emotion. You have worked hard all your life, fulfilling responsibilities, providing for every need of the hour. Retirement is your time. You can spend it in peace and content or choose a life of fun and frolic, it’s completely up to you. With advanced NRI banking services in India, many NRIs choose to come back to their homeland to settle after their 50s. Settling in India is a wonderful decision only if you choose your location wisely. NRIs, today, do not hesitate when it comes to settling in varied locations in India rather than going back to their roots and staying in the same location for the rest of their lives! Dehradun Located at the Himalayan foothills, Dehradun is a perfect retirement adobe for NRIs who wish to settle in the cooler and quieter places in India. Well connected by air and rail, Dehradun is the biggest city of Uttrakhand. Pleasant weather all-...

  Planning your retirement is as important as planning your current financial implications and investments. A well-defined retirement plan can make your yesteryears peaceful, doubtful free and debt-free. Charting out a retirement plan is essential for everybody, especially an NRI who may wish to come back to India after retirement. Though deciding upon how you want to spend your retirement years may come naturally to you, there are certain practices that you may consider before funding your retirement plans. Define the when, where and how Factoring upon different aspects of your retirement can make your transition into your retirement easy. First things first, define the when, where and how of your retirement. Answering the when question means determining at what age or what strata of your professional career do you wish to retire. Where defines the place where you want to settle. It may the country of your residence, your homeland India or any other country which fulfils how the q...

  Homecoming is a sentiment! Love, Nostalgia, Joy and Apprehensions. Apprehensions of resettling in a place that may have changed over the years. Shuffling from one country to another can be overwhelming, packing your belongings, winding up your work, settling your bills to closing your accounts. The ecosystem of the Indian economy is quite different from that of the western nations. It is always advisable to do a little homework about the place before you start your journey. Plan your Finances Since you will be settling in a new country, your incomes, expenses, investments everything will change. The first thing you need to do is rework your financial plan. Special attention needs to be given to asset allocation and parking of your current funds in the right places. Set your long term and short term goals beforehand, make provision for contingencies and set aside some budget for any extra expenses which you may incur at the beginning of your tenure. Study the Indian Tax System Tax...

The best way to predict your future is to create it. With the New Year ticking in with optimistic trends trying to bring in a closure to the pandemic, all that an NRI should do is plan well how he wishes to shape his financial future. Goals set at the beginning of the year give people a positive momentum to achieve their financial goals. Reallocate your funds The pandemic has changed the dynamics of all financial markets and industries exponentially. Some industries have flourished while most sectors have been hit badly. New areas where you can allocate your funds have also cropped it. It is a wise decision to look into your current finances and rebalance your asset allocation to minimise risks and maximise returns. Chart out a well-diversified Investment Plan The Indian markets are considered as one of the most lucrative options to invest one’s hard-earned money. With the highly rewarding service sector and rapidly developing industrial sectors, India is highly popular among foreign i...