Desi Return

"Hold up—𝐍𝐑𝐈𝐬 𝐜𝐚𝐧’𝐭 𝐨𝐩𝐞𝐧 𝐅𝐃𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐍𝐑𝐄 𝐨𝐫 𝐍𝐑𝐎 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐬… or can they?"

Let’s clear this up once and for all!

𝐓𝐡𝐞 𝐭𝐫𝐮𝐭𝐡: 𝐍𝐑𝐈𝐬 𝐜𝐚𝐧 𝐚𝐛𝐬𝐨𝐥𝐮𝐭𝐞𝐥𝐲 𝐨𝐩𝐞𝐧 𝐅𝐃𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐍𝐑𝐄 𝐨𝐫 𝐍𝐑𝐎 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐬. 𝐁𝐮𝐭 𝐭𝐡𝐚𝐭’𝐬 𝐧𝐨𝐭 𝐚𝐥𝐥!

Here’s what you need to know:

✅ FCNR Accounts: NRIs can also 𝐢𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐅𝐃𝐬 𝐢𝐧 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬 like USD, GBP, EUR, and JPY.

✅ Tax Benefits: Interest earned on FDs through NRE and FCNR accounts is 𝐞𝐱𝐞𝐦𝐩𝐭 𝐟𝐫𝐨𝐦 𝐈𝐧𝐝𝐢𝐚𝐧 𝐢𝐧𝐜𝐨𝐦𝐞 𝐭𝐚𝐱.

✅ Repatriation: Funds in these accounts 𝐚𝐫𝐞 𝐟𝐮𝐥𝐥𝐲 𝐫𝐞𝐩𝐚𝐭𝐫𝐢𝐚𝐛𝐥𝐞, meaning you can transfer them abroad easily.

3 weeks ago | [YT] | 3