MSN
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MSN
Jan 18, 2025
MSNViralPress
Some Non-Resident Indians (NRIs) are pursuing a strategy for marginally higher returns than NRE FD, but it may lead to unintended consequences! These NRIs invest in post office schemes or senior citizen fixed deposits under their parents’ names. However, they often overlook that the interest earned is taxable according to their parents’ income tax slabs. A potentially better alternative for NRIs seeking slightly higher returns than NRE FD is to open an NRE account and invest in fixed deposits wi
0:48
Some Non-Resident Indians (NRIs) are pursuing a strategy for marginally higher returns than NRE FD, but it may lead to unintended consequences! These NRIs invest in post office schemes or senior citizen fixed deposits under their parents’ names. However, they often overlook that the interest earned is taxable according to their parents’ income tax slabs. A potentially better alternative for NRIs seeking slightly higher returns than NRE FD is to open an NRE account and invest in fixed deposits wi
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It’s a bittersweet reality that many Indians face: seeing NRIs (Non-Resident Indians) often receive criticism, while successful people of Indian origin living abroad are celebrated. The journey of an NRI is filled with challenges, sacrifices, and hard work. They leave their homeland in pursuit of dreams and opportunities, striving to make a name for themselves in foreign lands. Despite their efforts and contributions, they sometimes face negativity from their own people. On the other hand, when
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It’s a bittersweet reality that many Indians face: seeing NRIs (Non-Resident Indians) often receive criticism, while successful people of Indian origin living abroad are celebrated. The journey of an NRI is filled with challenges, sacrifices, and hard work. They leave their homeland in pursuit of dreams and opportunities, striving to make a name for themselves in foreign lands. Despite their efforts and contributions, they sometimes face negativity from their own people. On the other hand, when
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