The 7% FCNR Dollar Deposit: The Currency Bet Hiding Inside No One Is Telling NRIs
Five years ago, a friend at work put his savings into an NRE (Non-Resident External) fixed deposit at 7.5%. He felt smart. The bank in Dubai offered him…
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Five years ago, a friend at work put his savings into an NRE (Non-Resident External) fixed deposit at 7.5%. He felt smart. The bank in Dubai offered him…
ReadYou moved to Dubai in August. You kept your Indian savings account open, because you had not crossed 182 days yet and that felt like the rule. That…
ReadA friend in Dubai asked me last week whether his daughter, born in a Sharjah hospital, is Indian. He was not sure. With all the noise online about…
ReadYour Dubai salary lands on the 28th with no tax taken. You want to keep it that way. One wrong number on your India trips can hand a…
ReadYou sold the Bangalore flat. The buyer paid, the bank deducted its tax, and now a little over two crore rupees sits in your NRO account in India….
ReadYou sell your flat in India for ₹1.5 crore. Your profit is ₹40 lakh. Then the buyer hands you the money, minus nearly ₹20 lakh. Not because the…
ReadYour bank in India is probably taking too much of your money. Not stealing it. Just deducting tax at the highest rate, because you never told them to…
ReadOne extra week in India can change what you owe in tax. Not by a little. Your entire global income can come into India’s tax net. Most Gulf…
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