1. Non Resident Indians

2. Foreword The whole idea of a session on NRI’s is to understand the rules & regulations, their challenges and evaluation of the opportunities available to us as Financial Planners.

3. NRI’s The introduction of FEMA in 2000 eased the procedural part to a large extent for NRI’s, when RBI gave away the role of execution to AD’s and kept only supervision & control. Residential Status Opportunities Procedures Investments Taxes

4. Residential Status RI RNOR NRI POI OCI

5. Remittances & Repatriation Inward Outward remittances $ 1 million from bank a/c per F Y NRI Student $ 100,000 for maintenance $ 200,000 – LRS Repatriation

6. Opportunities Relocation Planning for self, parents residing in India Retirement corpus Cross border avenues India - lucrative market – safe haven (38%)

7. Where they can’t Invest Small Savings Agricultural land & related businesses also Exceptions

8. Investments FDI Direct Equity Mutual Funds Fixed deposits Real Estate…….

9. Procedures Before leaving After Returning Bank a/c’s to NRO Intimation to DP KYC to be amended NRE a/c to be opened Intimation to DP KYC NRE/FCNR Bank a/c to be closed or transferred to RFC NRO to be redesignated

10. Taxation & exemption TDS DTAA Exemption on providing CA certificate, declaration & a special permission 80E – same as residents

11. Bibliography FPGI community Sandeep Shanbhag Gaurav Mashruwala Devang Shah

12. Thank You