6. Prepare a Power of Attorney 

When you have already decided to move overseas for half a year or indefinite time, you can never be completely sure that during this time gap when and why your presence would be required in India. For instance if you want to buy any real estate property or want to operate your bank account, or other related work, you might want to prepare a power of attorney. Power of attorney is a legal way of assigning power to someone to act on your behalf. Just choose some trusted family person or a friend. You can also make a power of attorney which expires at some stipulated time.

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7. Make your mutual funds accounts online

In most cases, people still want to transact in mutual funds after they become NRI, but they face various issues at the time. One should be smart enough to open an online account for mutual fund investing while he or she is dwelling in India. The process is quite simple, for this you can open an online account with the respective mutual fund AMC’s (Asset Management Company) or the best option is to open account with Funds India. They support both investments from Indians and NRI investors.

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