The Indian government provides great solutions for investment in
India to lakhs of NRIs.
Despite the ongoing slowdown, India continues to offer numerous
investment opportunities for foreign investors, who do not enjoy
such high rates in their country of work. The current volatility
has created attractive entry points for NRIs across a range of
asset classes. If you are looking to invest in India, what are the
options you should consider?
If you wish to invest in India, the first step is to open a
savings bank account. There are three basic types of bank accounts
for NRIs.
Go for a non-resident external (NRE) rupee account if you are
looking to remit overseas earnings to India and hold them in
rupees, as also transfer the proceeds of your investments back to
your home country without any restrictions. An NRE account is
completely tax-free and no tax is payable on the interest earned on
the balance.
