Is FD a good investment for NRIs?
NRIs have many investment options in India. From mutual funds to invest in the Indian stock market, NRIs have many lucrative options to make the most of their hard-earned money. But while most of these options come with risks of their own, Fixed Deposits don’t. Fixed Deposits may be a traditional way of saving money, but they are the safest way to earn steady and guaranteed returns, especially in volatile market conditions. Most NRIs have their money lying idle in NRE Savings Accounts or NRO Savings Accounts in India, but they can earn better returns if they invest in Fixed Deposits. Here are the eligibility criteria for NRIs to open an FD in India Passport – The passport should display the name, date of birth, address, photograph, and signature of the applicant. Visa/Work permit – This includes the applicant’s permanent resident visa, work permit, resident permit, employment visa, and any other documents which may be asked to present by the bank. SBM Bank India offers at...