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Steps to take once you become NRI

26 Mar, 2024

By Vidhu

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Steps to take once you become NRI

1️⃣ Open NRO & NRE accounts in India. An NRI is not allowed to keep Savings account in India. Savings accounts can be converted to NRO account.

2️⃣ Open NRI Demat account. Disclose your NRI status to Demat company.

3️⃣ File your Income Tax return as Non resident.

4️⃣ No additional funds can be invested in PPF.

5️⃣ Comply with Income Tax laws & FEMA laws.