What Happens To Your NRE FD When You Come Back To India And Lose NRI Status

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[bhikaribaba]

My Humble Request to all NRI's / PIO's staying abroad - Please do not make Investments in India via Fixed Deposit NRE, Bonds, Insurance, Equity, Real Estate etc. This is because of the complexity of Income Tax Laws, Ignorant Bank Employees, Uncooperative & Corrupt Govt Officials. The best way is to keep your investments abroad, and your mouth shut, during visits to India 🙏🙏🙏🙏

[sandeepshanbhogue]

Kudos for explaining the NRE Fds and the plant at your desk suits a sentence: "Knowledge is power." 😊

[GaneshTirthahalli]

One of the most appropriate video at right moment of time to clear doubts

[zubairpeeyem]

Very useful and informative topic. This video made my doubts clear without meeting a bank official. Thanks alot.

[Ananthvenkat]

Very valuable information not just in this video but also in many earlier ones. But before NRIs return to India they should also consider other residence options such as taking up permanent residence in Dubai instead of walking into a messy tax possibilities of India.

[susantalahiry]

Thank you so much for simple way of explaining in simple way

[nirajrao]

Very informative thank you. Will be in touch with your team at appropriate time

[jayeshgala]

Very helpful video. Thank you for sharing

[thara]

Sir I am nri and I have NRE ACCOUNT AND RESIDENT ACCOUNT. I CLOSED MY RESIDENT ACCOUNT BUT AADHAAR DESEEDING NOT HAPPENING. HOW TO HANDLE. I lose my nri status now

[SettyS]

Is NRI or resident status dependent on citizenship? As in the rules apply in same manner even if the returnee is having foreign passports?

[kadirv]

Please, can you talk about incidence of tax in India, relevant to income tax? I want to understand accrued /deemed to be accrued.. And how this affects RNOR who earn a salary deposited overseas.

[santanusarkar]

These are very valuable information. In case Mutual fund company then will investor loose the money. Please advise

[pm]

There seems to be a change. NRE FDs now remain tax free until maturity even if you loose your NRE status.

[naveengp]

What about oci card holders? Thank you

[muhammadsarfaraaz]

It was very informative. Thanks. in case I return to India for permanent settlement on May 31, kindly clarify whether interest earned for the first two months of the financial year is taxable since the IT return for the year will be filed as a Resident assesse

[tapanmondal]

Thank you sir for the detailed clarification. Still I have few doubts and if you kindly clarify it would be great help for us.
Suppose one NRI return to India permanently say on 15th January who has spent more than 182 days outside India and declare to bank that he has returned permanently. The question is from which date NRE FD interest will be taxable, from 15th January or from 1st Jan as quarter starts from 1st Jan.
Best regards

[Indian-shxz]

Sir, my NRO account has been deducted by ICIci bank with huge sum of negative balance to my old credit card due. I’m planning to talk to credit card department. My question is do I need to worry about the negative balance

[ravichandran-utiz]

What is the reasonable period before which the bank should be informed about returning to India

[koyakoya]

Once became resident, . can I give form against TDS,

[happyretirement]

FCNR taxable? As you say it can run up to maturity?