NRI Banking

  Most Non-Resident Indians have families back in India, especially elder parents. Taking care of them from a different part of the world might seem challenging, but it’s a lot easier if you have a good health insurance plan in place. Non-Resident Indians can buy health insurance for their parents in India even when they live overseas and can even manage various payments in India no matter where they are in the world. It is always recommended to get health insurance for your parents, especially in sensitive times like these, it’s always good to be prepared with a solid insurance plan which offers state-of-the-art healthcare facilities so that you can rest assured. Good health insurance will also protect you and your parents from exorbitant charges in case of hospitalization. However, it is important to choose the right insurance plan for your parents. You can go for an individual plan or could also opt for a family health plan and add your parents as dependents. A senior citizen he...

Today everybody needs a bank account, be it an Indian or a Non- resident Indian. If you are an NRI or a person of Indian and wish to open an NRI saving account , Then you can maintain a bank account with a financial institution authorized by the reserve bank of India. NRI banking services is a banking service provided to a Non-resident Indian, where he can avail the banking and investment services which he needs regularly. In India along with NRI account people also make: Non-resident ordinary account (NRO) The Non-Resident Ordinary (NRO) Account is primarily opened for depositing money earned in India and also Foreign earnings can be deposited in this account. Non-resident external account (NRE) is a bank account opened in India in the name of an NRI, to store his foreign earnings and convert it into Indian rupees. NRE saving account helps you to easily transfer your foreign currencies to India.