I recently only got a job is abroad. I wanted to know what are the merits of being a NRI? ?
Indian based banks, other financial institutions in India, Real estate business etc..helps NRIs in their personal financial soundness? If yes..how? Any benefits of being a NRI?? Please guide me... I don't want my hard e********y to be wasted or be just idle!!!
Asked By: x y - 10/31/2008
Best Answer - Chosen by Asker
As an NRI, you can open two different types of bank accounts - NRO and NRE. The NRO is a non-repatriable account where you can deposit your Indian Rupee earnings, if any (say from rent or consulting fees). You can also make investments from NRO but the earnings from such investments need to go back into the NRO... More
Answered By: Subhankar - 10/31/2008
Additional Answers (2)
Dear x,y (chromosomes)?? Other than stated above by Mr. Suhankar you can invest in stocks and MFs through your NRE account, you are also eligible for tax exemptions on your investments as an NRI. good luck !!!
Answered By: Joshi A - 11/1/2008
Being an NRI is a privilege so I am not sure of the 'merits' you are looking for. As others have mentioned, you get some tax benefits for funds you invest in India but even that is a myth since you would already have paid tax on it if you are living in a western country. List of Desi banks overseas attached... More
Answered By: b2bhandshake - 11/1/2008
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Upload your Resume for free, put it in front of 1000's of Employers
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.