3 Reasons To Have An NRI Bank Account
NRI Deposits that help you earn money: The hunt for high returns ends within your own country. Whenever you are investing in FCNR deposits, you should have access to a fully repatriable account with zero tax implications. One should be able to access the NRO TDs from around the world. Most FCNR deposits give an INR advantage, so ensure that you get this in your FCNR deposit.
NRI Banking at your fingertips: Benefits are all that you need while abroad. You should enjoy the convenience of having your own post office account that allows you to send couriers and other important documents. Ensure that you have a debit card that gives you the convenience of accessing your Indian account, no matter where you are, wherever you go. If you have access to an ATM or credit card, it’s possible to have access to your repatriable account, anywhere in the world.
Considering the plenty of options available in the financial world, most NRIs are lately benefiting from their Indian accounts. With last year’s INR vs. Dollar battle, the only people who had a definite advantage from the Rupee’s slump were those who had an NRI account.
About the authour: Anupama Sughosh is widely followed for her personal finance and banking blogs pertaining to the Indian financial sector. With a prior experience in the banking sector, she has used her experience of six years with top Indian and international banks such HSBC & ICICI Bank to advice consumers on the latest happenings in this sector. She is widely followed in some of the top financial magazines with citations in online financial websites.
