Unlock GIFT City: 10 Amazing Benefits for NRI Investors

[@vinay4886]

I can understand the attraction of GIFT city and advantages to the govt. But the priority for govt should be to liberalise the usual NRE/NRO and demat accounts for NRI in ordinary banks- that’s where the majority of NRI money is invested, not in some glorified GIFT city. Another area is UPI- govt should make it easier for NRI. In fact I don’t understand why there are so many different bank accounts. Once the money is converted to rupees, it shouldn’t make any difference if the holder is NRI or Indian resident.

[@pitlaman7010]

WHY ARE SIMILAR CITIES NOT IN OTHER PARTS OF INDIA?

[@NRVAPPASAMY1]

Sir 1 Very enlightening post. Should we take it as a future vision statement or already specific products for NRI available. 2 What about infrastructure? How it is connected to Ahmedabad or Gandhinagar? Road/ Rail/ Air. 3 As you know, NRI are miserable already with Indian Banks, dividends from corporates, interests from financial institutions and frozen parent accounts in the name of Re-KYCs, lakhs of crores ending up with RBI and distributing in the name of dividends to Central Government.There is no effort to hand it over to rightful owners but used as a tool to harass them. 4 Better NRI youngsters to keep it in where ever they live rather than to "Swaha". Can you guarantee the Gift City database is not spared to scamsters? Already we are suffering from Bajaj Finance Overdraft to Kotak Bank Insurance to digital arrest from Vietnam. 5 GIFT city is meant for people who are well connected to Governments across the Globe.

[@dharmendragohil4926]

Absolutely a fantastic information that I have been waiting for I'm coming soon to GIFT CITY

[@man_named_nobody]

I am a NRI and I would NEVER invest in India. The rules are sooo convoluted! Tell me one good reason why I should pay GST when I am repatriating money from India. I mean what service I am getting in return. On top of it TDS on the capital gains on sale of property is nearly 24%, so many type of paperwork, no senior citizen benefits in NRE accounts…the list goes on. Let India thrive, but Jai Ramji Ki. I have better places to invest my money in the world.

[@mukeshbavejaa116]

Please enlighten us about those other places

[@man_named_nobody]

@ To start with, certainly the United States of America.

[@tapk1995]

100% correct. NRI are already pulling out money from India and every NRI who has the means to save their money outside money must do and only repatriate as little as required for their families and siblings to buy food and rent a home. The bhaiyas ministers are suckers as ordered by Godi media

[@tapk1995]

GIFT CITY HAS FAILED AND WILL NEVER SUCCEED UNDER GODI . Its wastage of tax payers wealth starving rest of India for Gujarat’s prosperity which we Indians are proud of had it been of betterment of Gujrat . GIFT city is a money guzzler and its only Indian companies have rented shops in GIFT city who will not survive without Godi protection against corrupt governess.

[@juson4267]

Totally agree 👍 avoid investing. GST even to wipe your azz.

[@palyamsudheer]

It's not clear what returns we can expect investing in GIFT city

[@thimmug5553]

If it's too good to be true, then most likely its not. 😂 Thank you for your videos sir.

[@achag9273]

Great video, thanks

[@NareshTaxali]

Watched this video with interest and following questions come up in my mind :- - I have funds in NRE a/c with a local Indian bank. Can I invest from such an a/c and how currency conversion is treated ? - are there any Tax liabilities to Indian Tax office ? Any gains earned need to be reported to which Tax Authorities?

[@shanthanalur4714]

What guaranty do I have for my invested money, say in GIFT bank, In US we have FDIC insured upto 250k/account. Also no mention is made of what products and what returns. Too much of a rosy picture to trust. I had previously asked question on repatriation of money on this channel, where they made it look so efficient and simple, while the bank would not do it, and they never answered. Too much misinformation, will not subscribe

[@Ice_cooled]

What all products are available for medium and small scale investors.

[@rajahya]

In the UK ...I have fscs protection of my savings to the value of 85000 UK pounds in any one bank. If married a couple has joint protection of 170000 pounds Will I have that protection in gift city?

[@UMS9695]

It's an investment and not a bank deposit to be insured by the government, you stupid!

[@savitribobde1]

What kind of protection are you talking about?

[@samsue2600]

NRIs who do not plan to go back to settle in India need not choose GIFT city. Indian government can change laws anytime to the detriment of investors. NRI dividend income & short-term gains are taxed differently from residents now so it is obvious that there is no love for NRIs as portrayed in this video.

[@UMS9695]

I would not trust Nirmala Seetharaman. She is unpredictable.

[@tapk1995]

@@samsue2600 stay away from Noti ayog’s GIFT city will haunt you. It’s opened to lure NRI’s depositing their Fx where u would be treated like donkeys by Govt Peon, clerks & their Banking agents

[@joaquimfernandes2369]

What about the security of your funds. Any guarantee? Is it like 5lacs insurance for X amount?

[@londondisc]

If I keep GBP funds in Gift City and these funds are to be remitted back to UK what will be the bank remittance charged?

[@chocku10]

Can I know whether nri/OCI holder require to link PAN & Aaadhar ? Is it optional or mandatory. Pl advise

[@sanjivrockin]

Required

[@savitribobde1]

@@sanjivrockin its not mandatory in GIFt City as GIFT city is for foreign nationals too.

[@kiwicleothebudgies2738]

Why is it only in Gujarat?

[@kp9887]

What all products are available in gift city to invest to make my money grow ?

[@tapk1995]

@@kp9887 noting only 20% tax more than Indian mutual fund

[@PreethiSharma-p2g]

Could you please make another video in continuation of what kind of products are available...are thier any restriction on investment in equity market if you reside in USA , Canada, Australia..

[@NRIMoneyClinic]

Definitely will do . You will get many videos on Gift City investments over next 1 year. All your questions get answered as well as opportunities will be reviewed and brought to you

[@amitkhokhar6808]

As an NRI, you are eligible to trade in equity by opening brokerage accounts within Gift city. There are only 2 brokerage house which provides this service

[@londondisc]

I am a British citizen resident in UK for decades. I do some work in India and funds go to NRO INR account after TDS. Can i transfer these funds from NRO account to Gift city bank account?

[@deepakjibhat]

I invested in GIFT CITY IN 2013. PAID ALL AMOUNT DUE. I have stopped receiving MONTHLY RETURNS SINCE 2021. NO ONE RESPONDS TO EMAILS & UPON CALLING THE MANAGER, THE LADY SHAMELESSLY SAYS WE WILL NOT GIVE PREVIOUS MONTLY RETURNS. WE ARE BUSY IN COMPLETING OTHER TOWERS. ITS A BAD SITUATION. WHATEVER TGE VIDEO SAYS, THESE ARE CHEATS WHO MISGUIDE

[@NRIMoneyClinic]

Please provide correct details of where you invested and for what ?

[@BadraVeeraBadra]

Gujarat: Land of scammers

[@UMS9695]

Banking and financial investments tracking and management are still rudimentary in India. It's too risky for anyone living abroad to confidently invest in India unleass they have someone living in India who can manage their investments. Moreover, the trust factor in the finance minister is shaky at best. The other option is to have a trusted investment agent/agency and tax consultant in India who can take care of your investments. Otherwise, it's suicidal.

[@doubleDip24]

thru GIFT City, can NRI buy/trade Indian stocks ?

[@dillards99]

Are there any Audits on these banks inside GIFT city...we have many rouge bank managers in recent times who have siphoned-off funds misusung authority and corruption....😂

[@shaileshparikh6920]

it has become VERY PREVELANT lately. It seems that success has gone thru their heads. I am struggling with one of the reputable banks where I have a DEMAT account. Instead of addressing my issue, they want me to bring in MORE money into their bank.

[@AllwinJeba]

Who regulates the GIFT City ? If there are legal issues ?

[@NRIMoneyClinic]

Wait for our future videos

[@juson4267]

Avoid any investments in India unless you're relocating. The tax laws are convoluted. People are not trustworthy. Even relatives are not to he trusted. Banks are a pain to deal with. The list is endless. Not worth the head ache.

[@SudhirKumar-so8qe]

You have not confirmed if the City any assurance/ insurance of ALL deposits Are the assets covered if so by whom. The fundamental issue is not handled

[@pslakshmanan]

Hi Doc., Thanks for this video. A couple of questions, pls. If I have just one account in one of the Banks in Gift City can that substitute my NRO & NRE account? | Can I have my Indian income deposited into that one a/c in Gift City without going through 15CA/CB for repatriation?

[@NRIMoneyClinic]

No , that would not be possible.. stay tuned on our channel.. over next 1 year we will do many videos to answer your queries. Please feel free to ask questions for which you need answers for .

[@pslakshmanan]

@@NRIMoneyClinic 🙏

[@sas25048]

It’s very true India never made it easy for NRI’s to do any business in India.. We need big changes to easier to do business / investments in India.. Laws are by default think every investor has bad intentions .. guilty unless proven otherwise I am big time supporter of BJP government but finance ministry is the weakest..😢

[@nareshbhatia7311]

Can my brother resident in India gift me some amount in India which I can transfer to gift city account. If so, how much?

[@shaileshparikh6920]

I believe [think] he can..... Have him write a check, deposit into your NRO account. This becomes a vehicle to transfer into a gift city bank account. Most people declare as an inheritance. Be advised that income tax authority may question [depending on amount] the source of money.

[@mandadapumalleswararao999]

not directly but via LRS. Don't expect the Indian government to open gates easily to move money outside.

[@viseshm]

Being an NRi, Can I sell my property/ investments in india and invest through gift city? Will we have any tax benefits?

[@savitribobde1]

Not yet.

[@subramanianvenkatasubban7017]

Can OCIs invest in Gift City?

[@NRIMoneyClinic]

Yes , you can

[@vsatya4364]

This looks like an unregulated institution which is handing NRI’s money. How does the capital gain taxation work without PAN/Adhaar link?

[@NRIMoneyClinic]

Wait for our future videos on GIFT City where we cover all these topics

[@maneshroy4511]

This will help gangsters who live abroad to invest in the gift city. Benami money investment, more easy life. More extortion calls will start.....

[@shaileshparikh6920]

I am sure in your SPIK & SPAN home, there is at least one DUST BIN or Trash can. Sad reality of life, I have accepted it!

[@SDM496]

No. There will still be normal KYC process. Don't just type something if you don't understand.

[@DerDhu]

Looks he has joined the BJP . Congratulations !

[@User1976valid]

Half knowledge is dangerous - better to see additional videos / info

[@shekharnair9730]

Yep seems to be from bjp or scam city....

[@CajjieP4Peace]

This Video seems more in service to the Indian Government and in support of those who siphon off the loot from India. NRI Money Clinic seems to have vested interests as a facilitator in this crime. Please sir do not just go where the money flows. Else youre commonsense and ethical videos in the past loose their value.

[@NRIMoneyClinic]

Thanks for your advice , and we know what we are doing . Keep watching the videos in weeks ahead on various aspects of business from GIFT CITY and take an informed decision as per your comfort . A sincere request to you - please don't make unsubstantiated wild allegations .

[@CajjieP4Peace]

@@NRIMoneyClinic Respected Sir I used the word "Seems' meaning its my opinion. Opinions need not be substantiated rather theyre based out of reality in India(read Adani saga unfolding before us and this is in Gujrat). Upon that no need for any identity proof. Enough boss what else needed to assume. However eagerly awaiting for your future videos to bust the myth that how illegal money wont be entertained into GIFT City. Myth because look at the comment section so many are posting similar views. So instead of calling these as allegations please respect the viewers first hand feedback.

[@akufunkidstv330]

Sir this is best area I been visited and you are absolutely right , don’t listen to the guy who connected with politics…

[@seriousjoker8472]

Hahaha, they had big plans for GIFT city, why do they want USD now, let them de dollarize.

[@saintchristopher8228]

🎉❤🎉Indian Government has not left a single way of looting the Indian Middle -Upper class people with both hands with Zero or Worst Services in return ❤🎉❤ That's why Billionaires are leaving this third world country 😢😢 Which foolish man will dare to invest in India ❓❓❓