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2016 May

  • Planning your dream vacation? Here is how to do it

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    Dreaming of travel to historical places in India? Or maybe to picturesque locales in Switzerland, or explore Europe on a Mediterranean cruise. Vacations mean relaxation, peace of mind, rejuvenation, fun time with family, etc. However, holiday planning isn’t just about booking flights, hotels and scheduling itinerary. It also means a lot of money. With some financial planning in advance, you can effectively save for your dream vacation. Let us examine how you can pay for your trip without stretching your finances: Plan in advance: Most people align their holiday plans with their children’s vacation. Last minute bookings in the peak […]

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  • Financial checklist for NRIs returning to India

    • May 9, 2016
    • Category: NRI
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    Many returning NRIs are not completely aware of the rules in India with regards to change in residential status, banking, taxation, forex and investments. Here is a financial checklist you as a returning NRI should bear in mind to ensure a smooth transition in finances. Re-designate existing bank accounts: On return to India for permanent settlement, you need to inform the Indian banks about your status change. As per FEMA regulations, you need to compulsorily convert your existing NRO/NRE accounts to resident savings account. The Foreign Currency Non-Resident (FCNR) and Non-Rupee bank deposits can however be held till maturity. You […]

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