Category: Uncategorized
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Guide to Liberalised Remittance Scheme (LRS) of RBI
Till the time you are non-resident, RBI is not concerned what you do with your foreign earnings, where do you send it etc. But once you become a resident, there are restrictions on sending money outside India, as India still does not have a full capital account convertibility. In this regard, there may be a…
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What should I do with my UK pension on return to India?
A returning NRI who’s worked for a long time in UK may have a significant chunk of his UK savings locked in a pension which cannot be withdrawn till 55. For such NRI, a question is whether to retain the pension in UK or transfer it to a QROPS in India or other advertised overseas…