NRI's PLANNING TO SHIFT BACK TO INDIA: PART 4 THINGS TO DO ONCE YOU REACH INDIA

BANK ACCOUNTS

- Convert NRE & NRO accounts to Resident SB accounts
- Open RFC accounts if required using funds from NRE a/c
- FCNR accounts can be held till maturity
- Convert matured FCNR accounts to RFC accounts if needed
- Close existing standing instructions in NRE/NRO account
- Create fresh standing instructions in Resident SB account

MUTUAL FUND PORTFOLIO

- Change tax status from NRE to RESIDENT
- Change Bank account in every folio

DEMAT ACCOUNT /TRADING ACCOUNT

- Convert tax status from NRE to RESIDENT
- Change Bank account to Resident SB account

MEET YOUR CHARTERED ACCOUNTANT

- Ascertain your tax status - RES/ RNOR ?
- Discuss taxation of overseas income in future
- Compute approximate tax liability as a resident

MEET YOUR FINANCIAL PLANNER

- Plan for future cash flows
- Plan to reduce tax burden
- Plan for investing end of service benefits

BUY HEALTH INSURANCE

- Buy A Large Health Insurance

WORD OF CAUTION

- Be careful with your savings
- Avoid Relationship Managers In Banks
- Avoid impulsive decisions to invest
- Always consult professional financial advisors
-

Links to my previous videos:till now :

NRI's PLANNING TO SHIFT BACK TO INDIA: PART 3 HOW TO DEAL WITH PROPERTIES, UTILITIES, CAR & HOME.
https://youtu.be/WVxPt5Fie_o

NRI's PLANNING TO SHIFT BACK TO INDIA: PART 2 POINTS TO DISCUSS WITH YOUR HR & BANK
https://youtu.be/oUm3LkATmsc

NRI's PLANNING TO SHIFT BACK TO INDIA - A CHECK LIST OF THINGS TO DO - PART 1
https://youtu.be/0Z6suPR1t1c

NRI ACCOUNTS - PART 4 RFC ACCOUNTS
https://youtu.be/QuLfwnAfbXk

NRE - NRO - FCNR ACCOUNTS - PART 3 FCNR ACCOUNTS
https://youtu.be/Ehzz7_zKKko

NRE - NRO - FCNR ACCOUNTS - PART 2 NRO ACCOUNTS All That You Need To Know
https://youtu.be/ujxsZCV5Iks

NRE - NRO - FCNR ACCOUNTS - PART 1 NRE ACCOUNTS All That You Need To Know
https://youtu.be/9Q8yhqGlOh8

WHY ARE THE FIXED DEPOSIT (FD) RATES FALLING ?
https://youtu.be/KXOnCEc-MD0

FINANCIAL PLANNING TIPS FOR BEGINNERS - AGE GROUP 35 TO 45
https://youtu.be/Gz9e8X3HuJs

HOW TO SELECT A RIGHT FINANCIAL ADVISOR / PLANNER? By Dr. Chandrakantha Bhat
https://youtu.be/guwNXbUgCW4

FINANCIAL PLANNING TIPS FOR BEGINNERS - AGE GROUP 25 TO 35
https://youtu.be/G9GVK1gGD6M

HOW TO INVEST IN MUTUAL FUNDS FOR FREE WITHOUT DEMAT ACCOUNT ?
https://youtu.be/kCrIYNUAbZk

WHY SHOULD YOU APPOINT A FINANCIAL PLANNER?
https://youtu.be/SXVtwx5sQXc

Why Should You Buy A Term Insurance Today ? Dr. Chandrakantha Bhat
https://youtu.be/8YGeRV1ksQk

WHAT IS CRITICAL ILLNESS INSURANCE? By Dr. Chandrakantha Bhat
https://youtu.be/YhXGThE8G4M

NRI TAXATION- Finance Act - 2020 - Who will be impacted ?
https://youtu.be/Bo-1LjGDOFo

HOW TO BE SUCCESSFUL IN THE STOCK MARKET
https://youtu.be/0TzRoXkO2g4

As a NRI Should I Keep My Savings As Dollars Or Rupees ?
https://youtu.be/RXjvOvYsDow

6 MISTAKES TO AVOID DURING MARKET CRASH
https://youtu.be/9Y2r08x2sJM

DEPENDING ONLY ON PENSION DURING RETIREMENT CAN BE A TRAP FOR YOU https://youtu.be/qLTkhCDe89g

WHY SHOULD YOU DEAL WITH MORE THAN ONE BANK ? https://youtu.be/GjDsxS2Kxuo

WHAT TO BUY? SHARES OR MUTUAL FUND?https://youtu.be/0nl9sPJBUQs

6 COMMON MISTAKES DURING RETIREMENT https://youtu.be/ivus9eJWKXMWhy Investors Fail ?
https://youtu.be/c8jxppcdXhs

Why You NEED an Emergency Fund! by Dr Chandrakanth Bhat NRI Money Clinic:https://youtu.be/fBm8bokZI0c

#NRImoneyclinic #ReturningNRI #personalfinance

6 steps to generate good returns on your investments - https://youtu.be/AAxQ4ywScos

Don’t Buy a Life Insurance Policy Until You Watch This! https://youtu.be/q0adm_CKvew
NRI Money Clinic is a YouTube channel created by Dr. Chandrakantha Bhat , an investment consultant and financial planner in Dubai . It aims to spread financial literacy and educate on money matters for resident and non resident Indians . The channel discusses subjects like Fixed Deposits , Taxation , Mutual Funds , Insurance , Specific Issues pertaining to NRI community and every other investment opportunity. Dr. Chandrakantha Bhat can be reached on Whatsapp on +971 50 148 4595

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