NRI Special Episode Transfer Money Out Of India How To Do It Legally ?

[@sreedharanmenokey3488]

Excellent-Millions of salute to CA Sriram Rao and Dr.Chandrakanth Bhat-I think CA Sriram Rao is not only a tax expert but also an excellent teacher Thank you both very much Eagerly waiting for similar videos

[@Pattt72]

Thanks to Dr. Chandrakanth Bhat & Mr. Sriram Rao for sharing so much of valuable information to benefit the NRI's

[@greeneyed-px5pd]

🙏🙏🙏I love the invaluable information, the format, the accent(people may not like it, but I loved it), the phraseology and expression, and the absolute clarity it brings to the subject. 🙏🙏🙏

[@gopiexim]

An excellent conversation with fine clarity by both of you. The points got summed up in such a simple way for easy understanding by all. Great job done 🎉👏👏

[@deenadayalanthirumala2318]

Excellent information, Especially Dr.Chandrakanth Bhat excellent questions and making the normal persons.

[@cyberbud]

Very hard to understand, he seems to be simply reading from Google and making a point. Please make it easy to understand, we don't know the CA's terminologies.

[@avtarbedi4082]

CA CHARTEDVACCOUNTANT

[@Zubair21.]

One of the best information . Keep the good work ❤❤❤

[@AY33UK]

Hi there Clarification required from 19:31 onwards. Scenario - 1.Sale of immovable inherited property.. paid all due taxes / TDS etc and funds received in the bank. 2. Want to transfer the funds from my NRO account into my UK bank account. The bank can’t insist in Form 15CA & CB apart from the other documents as part of their due diligence process. However this is not the case with some banks in India

[@NanyangYindu]

All banks ask for this blanket requirement

[@amitnagpal1975]

How will NRIs be able to hold a resident bank account in India since we are only allowed to have an NRE/NRO account in India? So where does this $1M scheme apply and isn't having a Resident bank account as an NRI already a violation of some law?

[@AbubackerSiddiqPulakal]

NRI money clinic videos are useful, but in a sense, incomplete as it doesnt mention the tax liabilities of NRI in the country they are Tax resident. Some of the smart ways discussed as money saving ideas may not be as good in effect. Either you should keep putting disclaimer every opportunities or include someone familiar with Tax rules in western countries, most have similar rules but fine points may vary.

[@greeneyed-px5pd]

I don't think it is the purview of these experts to give definitive information on foreign countries' tax laws. They would have to gain expertise in the tax laws of several foreign countries, which would be an unreasonable demand for them.

[@AntonioGomes-wc3ul]

Awesome Advice 🎉for someone with no idea of Banking RBA guidelines and FEMA regulations needs to listen think carefully and then make a decision with Tax consultant or CA ❤

[@SaimeeraVenkataraman-ed8bj]

have you release video on residence Indians remittance to NRI sons in the event of residents death say to their nominees

[@VrkPeru-nw2uv]

Finally got some useful information from your video. Thanks.

[@RonyR785]

Instead of questions and answers from the beginning, it would have been better if the CA explained things systematically first to be followed by clarifications if any. Flow will be good.

[@NRIMoneyClinic]

You have a point . Thank you for your feedback

[@rajeshgulati1296]

Excellent presentation, very informative, keep it up, thank you

[@nikhiljain3917]

Extremely helpful videos! Have covered every single topic one could think of. A suggestion: Would be incredibly helpful if you created a sort of 'cheat sheet' i.e., a PDF with key takeaways from the video, maybe in the form of a newsletter that people can subscribe to. I find myself taking a lot of notes during the video because there is so much information, but at times it becomes overwhelming and end up dropping mid way.

[@NRIMoneyClinic]

Thank you very much for your suggestions.. will work on it

[@krish955]

Soooo many forms and soo much approvals and process. It's such a pain. Problem is very very few CA's\bankers are aware of the process, so each person to comes up with their own.. Worried about disposing my Ancestry assets. Might reach out to you guys when the time comes.. Thanks for the info..

[@manjiyilsk7539]

Good work and helpful information

[@ps54955]

Is NRI need to have (must have any bank account) in Indian bank? And how NRI can transfer money from India WITHOUT any bank account in india?

[@rugminir8169]

Very good information.thanku both for this episode.

[@vimalav5486]

Crystal clear 👌

[@gaurangadas2630]

A good video sir.

[@GKBhat-de6lq]

Very informative and useful.As i understood from Mr Sriram's talk is- when a NRI wants to transfer funds credited to his NRO account out of sale proceeds from say, inherited immovable property on which applicable IT is paid and IT assessment order(ITAO)with Nil dues is since recived,there is no need of 15CA/15 CB certificate from a Chartered Accountant.But here is Bank which still insists for such remittance. As per Mr Sriram,they can ask for sale deed copy and lTAO and not 15CA/15CB.Kindly clarify/ confirm again

[@AY33UK]

Totally agree I have experienced lot of problems with ICICI bank

[@rugminir8169]

For me also CA, CB was demanded by the bank.

[@prashkd7684]

The bank does this to try and ensure government agencies don't block the transaction. Govt policies are so flaky and so closely monitored that the financial institutes prefer to cover all their bases to ensure transactions are successful.

[@rengarajanvenkatarajulu6167]

Gift to spouse in foreign country. Does the remittance covered under this act? If not what to be done?

[@vnairchannel]

great session. thank you

[@baldevdhillon5021]

Can a NRI remit money outside India after selling his ancestoral agriculture land

[@wrdeshpande]

Your videos, are no doubt, informative and provide authentic information. In order to access these at a later date, it is suggested, that these may be numbered so that these become accessible easily. One of the way could be by giving each video an episode number. You may like to consider.

[@ShailendraKumar-ec5ry]

Excellent information

[@ramakrishnaprasad4042]

Marvellous .

[@srikrishnapadyaalu4445]

In one million dollar remittance can it be made in 2 financial years if the proceeds are more than 1 million dollars ie on 31 st March of one financial year and 1 million dollars on 1st April as it is considered next financial year

[@samkeighley]

Very informative, thanks for the service !!! More, would you kindly explain about Old Gold sold now is taxable, if so what's the process? Is it taxable at the time of sale (TDS deducted?) or taxable at anytime?

[@sankarsingk]

Here it is treated as LTC gain and taxes to be paid accordingly

[@manjularao4206]

Very informative sir.Thank you.

[@nilotpalray3453]

Great video! Thanks

[@thakorpatel2522]

Please do videos in hindi. Thankyou very much.

[@AY33UK]

Excellent upload

[@bharatkhatri6860]

Thank you for this very knowledgeable episode. I would request you to kindly make one episode on NRI investments in GIFT CITY Gujarat.

[@venkateswararaoMaddula]

How to contact to you Mr Sriram’s I am from USA

[@aryaratnabakshi7406]

If I need your services how to connect.

[@AsitKumarGupta]

Does investment in GetStake or Smartcrowd by a resident indian will fall under LRS

[@vijayvenkatraman4620]

Excellent video Very informative If I invest on a SIP in India through my NRE account and then pay tax in India for the profit I earn, do I need to pay rest of the tax in UK as well (as I come under high tax bracket in Uk) when I repatriate the money?

[@Naadhapriyaananda]

Sir, thank you for your wonderful service through the NRI Money Clinic channel. A request when you cover the LRS topic for resident individuals. Would you also please consider the case of NRI's and OCI's who have returned to India and are now permanently resident in India, but continue to retain foreign bank and brokerage accounts. Can OCI's and NRI who have now become ordinary/permanent residents, use the LRS scheme to move money to their foreign brokerage or bank accounts to invest in foreign portfolios (OPI) or purchase real estate etc.? Can they just move the money (savings) to their foreign bank accounts for further/later use? Sometimes, even to invest in stocks/mutual funds, it may require first moving to own bank account and then to the brokerage account. Are there any issues under FEMA/LRS to watch out when making such transfers and how to select the right transfer codes with the AD bank?

[@alansequeira6497]

Please give some examples of capital accounts and transactions. Does it cover capital and capital gains on sale of securities or property

[@anuragsood306]

I inherited my ancestral agricultural land in 2014 while i held the indian passport, and now am a oci card holder. Question is- After i sell my agricultural land do i have to pay any tax? like capital gain or any other tax. Fyi- this land has been in my family for last 75+ years. Please advise.

[@leolasrado1881]

Thank you for the video

[@sunildevidasani1225]

Thank u, mr bhat and mr rao for updates on this issue. Highly appreciate ur efforts. I just need a small clarity that nri having only nro account can transfer his own money earned as interest and fd interest to his overseas bank account? Is there any limitations to it?

[@piyushkumarpatel3183]

Good

[@kallidaiviramani5885]

I am a NRI. Can I transfer from my NRO a/c in India to my bank a/c overseas where I am living under $1m scheme? Most of the money in that a/c ( under 3 lakhs) consists of dividends (after tax paid) in the past 25 years.

[@Super_Cool_Guy]

Yes you can but a lot of documents need to be filed. Best way is to open a NRE account with same bank the make NRO to NRE TRANSFER,(you will have to fill some simple forms your bank will advise) and then use NRE funds to repatriate

[@devarajurs3988]

IAM RES MY SON RESIDES IN USA AS CITIZEN NOW AS PARENY CAN I SEND MONEY FOR FAMILY MAINTENANCE? IF SO HOW? LIMIT IF ANY?

[@pathkris2984]

@@devarajurs3988 Your son is depending on your money in USA for his family maintenance :) Seriously.

[@preetijain5518]

How much money in form of money can be gifted to nri daughter from indian parents

[@shabeershukkur3754]

Appreciate all the informative videos .Very useful.I have 2 doubts in this regard.1-Is Interest received from NRE FD can be repatriable same as NRE remitted fund? 2- Under which scheme I can remit Income from Non-PIS Demat Account received to NRO ac after taxation to my foreign ac? Any documentation required on the same ?

[@sankarnarayanan9775]

Sir, I am NRI account holder. My NRI states expired six month before. My NRI account is joint account with another Nri. I want to know my nri status to continued as it is

[@stellakakade7391]

What about maturity of LIC money can this be remitted under the million dollar scheme.?

[@dkpelect]

How to transfer money abroad to another person or a university from my NRI account? Please make a vedio if possible. Many parents whos kids are studying abroad have this problem

[@sbhattacharya9095]

Sir, My relative presently an NRI, has one S/b account in India when she was working in India . Now her earlier PAN Card is not valid since there is no income generated in India. My point is whether she can remit money to her Indian account from abroad and withdraw funds for maintaining her expenses while her stay in India. The excess funds if any she wants to take back to abroad also . Whether there is any restriction of taking back the money at the time of her converting the funds before departure. Shall be grateful if you kindly enlighten us the procedure.

[@theophilusdsilva8531]

Demat savings account which is ordinary acct. Are you allowed to tranfer this balance to outside India. If so please give me your feedback Thanks

[@sunfield009]

what about the Australia citizens (OCI) with NRO/NRE Account in India with Australia with Tax Residency Certificate of ATO and can he claim no tax payment UNDER DTTA (Double Taxation Avoidance Scheme) ? Can I repatriate my share on the sale of my deceased father's house with depositing the whole share of money in NRO account HDFC (PAN CARD is there) and then repatriate to the Australian Bank Account without Paying Long Term Capital Gain Tax in India? As We an claim exemption from Capital Gains in Australia on pre-approval of the ATO Commissioner on Medical grounds, we can claim exemptions in Australia, then we can avoid the Capital Gains Tax Under Double Taxation Avoidance Scheme? Please giv ein detail what is the procedure? The Property 20 year back rebuilt house.

[@jayloving2005]

U can't...have to pay tax

[@sunfield009]

​@@jayloving2005I think there are some tips for reducing the taxes

[@jayloving2005]

ATO is strict even, I have fd in India and they track me and back to me

[@sunfield009]

@@jayloving2005 anyway, I would rather pay to ATO rather than to India

[@brajesh2107]

Quite informative.. Great. thx

[@aryaratnabakshi7406]

If I get money by sale of property how to get it transferred

[@gaurangadas2630]

Can money be transferred from NRO account to foreign account of self.

[@NRIMoneyClinic]

Yes , but your CA needs to issue certificate for that

[@DilipKumar-kx8zq]

good info

[@MushtaqueMerekar]

AD has their own rules over and above CBDT IT RBI etc. and insist for doc not called for and makes life of remmitter miserable, how to deal with them, it is initiated at lowest level and none of the superiors support the customer particulaly in HDFC

[@shanukapoor]

I have my old life insurance which I need to surrender and transfer money to USA. May be just couple of thousand dollars. What is the procedure. After becoming US citizen.

[@jayakrishnanr5568]

What if I'm an NRI who plans to sell a property in India which is inherited from my parents, can that fund be freely remitted abroad ?

[@pradeepkulkarni5526]

Can a resident Indian transfer money to his non resident son or grandsons account?

[@NRIMoneyClinic]

Yes , offcourse he can

[@DeepakDhawan-y4s]

If an NRI has rental income how much is the TDS deducted at source A resident income from is deducted only 10% at source & why NRI is liable for more TDS at source

[@PKSaini-nd1js]

Hi Sir, If a person went for Masters to US 2 years back and has now started working there but still doesn't have converted savings account to NRE and NRO accounts in India, what is recommended to avoid penalty : Should the existing savings accounts be converted or should those be closed to avoid penalty and new NRO account be opened?

[@shekhargupta715]

My question is related to transfer funds from my India NRO account to my own account in UK for my monthly expenses. I wish to transfer £2500 per month. What rules are applicable to me. Shekhar

[@bharatk212]

Hello Sir, Thanks for useful Information. Could you please clarify, As a NRI I will invest in Indian stock market Stocks/MFs using my NRE or NRO accounts. When I sell those Investments and make some profits , what are rules and restrictions on repatriating such money.

[@sanjaypatil5183]

Bhat sir, Pl do video on this particular issue too. Thnx in advance

[@Super_Cool_Guy]

I will explain, you have 2 options a PIS and NON-PIS trading accounts with your indian stockbroker say for example ZERODHA. IF you use a NRE account attach to demat account you are limited to how many and types of stocks you can purchase, full list is on FEMA website. You can only attach a PIS account If you use NRO account then you can use NON-PIS trading account.BUT you will have to pay full taxes on these but good news is you can purchase any and as many stocks as you want 😊

[@sangeetapandya5819]

If you as OCI holder after remittance in US from Indian HDFC bank is there any liability once the money received here for income tax here

[@bharatk212]

Thank you Bro , for the prompt response.

[@bharatk212]

​@@Super_Cool_GuyThank you Bro , for the Prompt response.

[@praveensaml]

money got from selling of property can it be sent to nro account from India ex from Sbi bank?

[@praveensaml]

sending money from Mother sale proceeding to sons nro account , Please advice

[@chandramouliramachandran4217]

It is not clear regarding 15CA and 15CB. For transferring funds from NRO to NRE or for outside India of NRI, bankers are insisting for the above forms, if the transaction is regarding sale of house property. Should we give or not??:Clear answer please

[@thatswhaticallmusic252]

He don't know

[@Xyz-oc1to]

If nri used saving account, can income tax also take action for violating fema law while filing itr? Or only rbi will look into it?

[@Super_Cool_Guy]

This is good question

[@Sanapsaheb]

Sir I am us citizen and holding OCI card From my NRE account I give loan of 5 lacs to my uncle.. Now that amount is refunding my uncle. That cheq should be deposited in NRE or NRO account? Please guide me

[@mariaramesh2944]

Can a foreign passport holder, take a loan using his own property in India and repatriate it from his NRE/NRO account to abroad?

[@prasannabieber]

Dear Sir my question is i am Indian retired i have two children son born in Berlin Germany and daughter born in Chennai India, at present they are holding German passport and oci card and are living in Europe I have to transfer 13 lakhs to my daughter account , which is the best way to transfer regards

[@omkalia4748]

I am retired Indian Government official currently living in the US and receiving pension in India. How can I receive my pension in USA

[@pdkumar9220]

SBI insist on CA certificate for transfer of my pension for my maintenance I am paying regular IT filing ITR having single bank account in sbi only My friends having other bank account are not insisted for CA certificate Any way out

[@sreedharanmenokey3488]

Sir Would you please post a video on the following 1.after death of a person some amount of interest on account of FD (remaining till date of maturity) is credited and TDS is effected The nominee or legal heirs decided to close it only on maturity 2.under such circumstances who shall file IT RETURN and the procedure 3.whether Return can be or cannot be filled through the Profile of the deceased person or any alternative is there (FD interest is only an example-it can be any other income like dividends or rent or pension payments /arrears or anything like that 3.who legally bound to file the Return and to remit balance tax if any or claim refund as the case may be

[@jayloving2005]

Is it worth to have 1 carore fd nre?

[@girdhargopal6433]

NRI is allowed to transfer the fund from NRO account to his NRE account. Then from NRE account he can freely transfer outside . This route where is threshold of 1Mn dollar apply ?

[@rdurairaj7522]

NRI cannot transfer the funds in NRO account to his/her NRE account. The other way around is permitted/possible. Hence, this scheme.

[@JeevaKoodalingam]

How can I sell a agricultural property which I bought 10 years ago without knowing NRI can not buy or own agricultural property

[@piloe12]

Follow

[@jayloving2005]

It's crime and punishment as per rules,

[@Zigzag-k]

What abt NRO account??

[@ravit3010]

So can’t send money without bureaucracy and banker shit …. Why .. when you send money just use an app but when you want it bend backwards and show documentation,, for your own money ..no wonder people leave

[@tanmoybanik3544]

Hello, I had a question. If I am an NRI and invest in mutual fund for long term and pay the SIPs from my NRE PIS account for approx 30 years, I believe if I selll the mutual funds I should be getting the whole amount directly in my NRE account and not NRO account as I invested always through my NRE PIS account, in that case I should be able to bring the whole amount to my foreign account without any problem or not thiinking about 1 usd million scheme??? Please correct me if I am wrong? If I invest using my NRE PIS account then the withdrawn money goes to NRE account right?

[@rdurairaj7522]

Your understanding is absolutely correct. The sale proceeds of all investments funded from NRE account, net of TDS where applicable, will be credited only to your NRE account from where you are free to remit the funds outside India any amount without any restriction. No scheme is required for such transfers. As Sriram says, NRE accounts are deemed as accounts outside India.

[@snehprakash3927]

I'm an OCI + now US citizen My parents in Delhi want to gift me an inheritance.....amount is Rs 1lakh in after-tax INR....they've already paid taxes. Lying in their Unionbankof India account What steps do I need to take to legally bring this cash into my US bank Pl correct my guess below Step1. OCI should establish NRO+NRE bank AC's in India Step2. Parents can deposit inheritance after tax 1lakh INR in the NRO ac Step 3. OCI can directly convert and move Rs 1 L to her US BANK under the scheme called $1mm scheme There will be no additional tax or haircut NRE bank ac needn't be involved Will the OCI need to fill and submit an Indian IT return in that year of deposit and transfer triggered solely by this inheritance?

[@shanmugasundaram6625]

Can money sent from NRE without any issues? Thanks 🙏🏻

[@rdurairaj7522]

No issues or restrictions or limitations. Funds from NRE account are freely transferable.

[@checkreality6209]

My uncle has a SB account with about Rs15L. He is now a US citizen and wants to convert into NRO acct. can he transfer after changing on next visit or is there a waiting time.

[@AllwinJeba]

Your uncle need to create a NRE account and transfer the money from SB/NRO account into NRE account and then transfer it to his US account.

[@YK-we6vh]

it's better for all NRI if you speak in Hindi

[@dkpelect]

Why? How the NRI who doesn't know English is living abroad?

[@pathkris2984]

Lot of people benefit from English conversation. Thanks.

[@MBABLOGESHS]

Hey ..only guys from hindi statesare living abroad.😂

[@azmathullashaik1544]

20% repatriation tax has come into the news clearly about 2 years ago. Our esteemed guest said it is not required can you double check it please.

[@NRIMoneyClinic]

What he said is correct . It is a referral video . Well researched

[@AllwinJeba]

20% Reparation is for resident Indians only and not for NRI.

[@shirazfarooqui]

One of the most important subjects has no clarity online NRI and stock market 1) what happens if someone was exercising stock market portfolio AND LATER becomes an NRI 2) do they need to open a pis or non pis account even if they are only using the existing Indian funds and not bringing in any foreign money in to Indian market 3) are there any penalities for not doing so as most of stock brokers don’t follow this practice and have no detailed information on the same. 4) of one has already converted the SB account to NRO and are paying all takes on earnings from stock market … Do they still need a PIS or Non PİS account please note the money used in the stock market was from Indian sources and prior to becoming and NRI

[@AllwinJeba]

It doesn't matter. Once you become NRI, You need to open a NRI Demat account with the broker.

[@ronniecherian4014]

If the NRE a/c is in joint names can each individual transfer $1 million?

[@sankarsingk]

No, joint only for the purpose of operational convenience

[@rajkamalgupta1633]

Please mention procedures for transfer of money for citizenship of other countries having OCI.

[@NRIMoneyClinic]

Same as that of NRI

[@ramachandrandevasundaram]

What's the most important requirement of NRIs is Dual Citizenship.... What you are talking about is how increase the Forex Reserve for Indian Government

[@AllwinJeba]

India does not allow dual citizenship. Period. Either you are Indian or you are not. You can't have both Apple and Orange. Pick one. What he is talking about is how a non resident can take money outside of India to his foreign bank legally.

[@jedus007]

Not possible, you will go to jail when you come to India, as dual citizenship is not allowed by India

[@jayloving2005]

You will get jail at airport if having dual passport

[@ramachandrandevasundaram]

We know the Law.... You don't get the message.... NRIs shall invest in India only when they have Dual citizenship.... India will have Dual citizenship Law very soon.!!!

[@ramachandrandevasundaram]

@@jayloving2005 India will have aLaw allowing Dual Citizenship soon... Its just a matter of few years....!!!

[@bharatdalsania421]

Hindi and gujrati ma episode

[@rugminir8169]

Kindly make clear how a resident parent can transfer funds from sale of property to their OCI children? How to get permission from RBI .

[@Super_Cool_Guy]

Your bank should advise you how this is to be done

[@easwariram1940]

If the amount from NRI account from INDIA is trd to his own account at abroad under One million scheme is 20% tcs applicable

[@トーマスアブラハム]

Why you didn't mention the NRI transfer money from his NRO account to his NRE account ?how ?

[@NRIMoneyClinic]

There is a detailed, popular video on our channel on this subject. Please watch and be guided

[@JoeC5050]

NRO to NRE ... there are no restrictions

[@sanjaypatil5183]

​@@NRIMoneyClinic sir link for this please NRO TO NRE IN DETAIL VIDEO LINK

[@rugminir8169]

When a resident parents transfer funds to OCI children will the OCI Holder get tax overseas.

[@ravs81]

Below average articulation and communication needs to be more user friendly

[@NRIMoneyClinic]

Your feedback noted . Thank you very much

[@rakadus]

Given the situation, "How to transfer money into India?" would be more appropriate.

[@amitnagpal1975]

It's pretty easy to transfer money into India

[@pathkris2984]

There are no restrictions to convert foreign currency into Indian currency. It is only complicated to convert Indian rupees to foreign currency, since rupee is not fully convertible - it is a controlled currency :(

[@chatsomil]

Too much of focus on 1 million dollar scheme. I was looking for some clarity on TDS of 20% but that was just a minor side note of this conversation

[@dipenmehta4656]

Can NRI transfer his money to His NRI children under 1 million scheme?

[@preetijain5518]

How much money can a indian mother gift to her NRI daughter in America

[@NRIMoneyClinic]

As much as she wants to give . No limits at all

[@alwyndsouza-cj3dc]

What are the procedures to transfer funds from tax authorities?

[@creative27feb]

RBI Circular RBI/2015-16/78 Master Circular No. 2/2015-16 -No-5-B. Debits (i) All local payments in rupees including payments for investments in India subject to compliance with the relevant regulations made by the Reserve Bank. (ii) Remittance outside India of current income like rent, dividend, pension, interest, etc. in India of the account holder. (iii) Remittance up to USD one million, per financial year (April- March), by NRI, subject to payment of tax, as applicable. (iv) Transfer to NRE account of NRI within the overall ceiling of USD one million per financial year subject to payment of tax, as applicable 6. Remittance of Assets A citizen of a foreign state, not being a citizen of Nepal or Bhutan or a Person of Indian Origin (PIO), who - has retired from an employment in India, or has inherited assets from a person referred to in sub-section (5) of Section 6 of the FEMA; or is a widow resident outside India and has inherited assets of her deceased husband who was an Indian citizen resident in India--

[@CosmasAlmeida]

Hi there! ... I am a Spanish national - no connection with India (never visited India). I now want to invest in Indian Stock market as I see India as a fast-growing economy. Can you please advise the below ---- 1). What is the type of account I need to have to invest in India Stock Market? 2). What are the documents I need to keep ready to open these accounts? 3). I do not want to open any account which is taxable as of now, since I do not plan to sell stocks i.e. at the moment, I only want to put money in the stock market - not remove

[@SM710]

You can invest in Indian stocks via India specific funds from BlackRock, Franklin Templeton etc

[@CosmasAlmeida]

@@SM710 So there is no bank/demat account that I can open to invest directly? I mean without mutual funds?

[@SM710]

@@CosmasAlmeida I do not have information regarding foreign nationals opening demat account in India. Anyway, high capital gains tax in India (12.5%-20%), currency depreciation (2-3% annually against euro), rupee to euro conversion rate (1-2%), high mutual fund fee compared to international India specific mutual funds (1.5% Vs 0.2-0.6%) makes it much easier and economical to invest in India via international mutual funds for foreign nationals.

[@SM710]

@@CosmasAlmeida I do not have information regarding opening demat account in India by foreign nationals. Mutual funds from Franklin Templeton and BlackRock have some advantages compared to investing directly in Indian equity. 1) Capital gains tax in India is (12.5-20%). 2) Indian rupees depreciate annually around 2.5% against the euro. 3) Indian mutual funds charge around 1.5% while global investment platforms charge 0.2-0.6%. 4) Currency conversion is more expensive when done individually (1-2%) compared to

[@TheTerminator317]

@@CosmasAlmeidayou can’t invest directly in India. You need to invest via MF or ETF route. Look for funds which focus on India or emerging economies including India