NRI Investment Tips After Migration From India

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Moving out of India?

You will soon become an NRI and when you do, you need to manage your investments and finances in India. Here are some tips on how.

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Account conversion

The first thing is to convert your savings account into an NRO or open an NRE account so that you can continue to bank in India. 

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Setting up auto debits

If you have an ongoing monthly investment, like a SIP, or recurring expenses, set an auto debit mandate on your bank account. 

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Debt repayment

Clear your existing debts in India before you migrate to avoid any hassles after migration.

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Know the tax rules

Income earned in India might be taxed here as well as in the country you live. Check for the DTAA arrangements to avoid paying tax twice.

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Choose Portfolio Management Service (PMS)

Invest in PMS to enjoy a custom-made portfolio of different types of securities and personalised account management. 

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Make investments easy with IDFC FIRST Bank NRI banking solutions. Open a suitable account and earn interest up to 7% p.a.

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