I recently only got a job is abroad. I wanted to know what are the merits of being a NRI? ?

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nri, can open 2 different types of bank accounts - nro , nre. nro non-repatriable account can deposit indian rupee earnings, if (say rent or consulting fees). can make investments nro earnings such investments need go nro.

nre repatriable account can invest in stocks or mutual funds or real estate. earnings such investments (in rupees) can deposited nre account. both original deposit , earnings can repatriated overseas. can deposit rupee cheques nre account. can open joint account nri, or nominate local person through power of attorney operate account.

banks , financial institutions eager depending on how money deposit. $1000 deposit not second look. $1 million deposit, , bend backwards you. better off know rules , regulations , own investments - because competence of nri services @ banks questionable @ best.

indian based banks, other financial institutions in india, real estate business etc..helps nris in personal financial soundness? if yes..how? benefits of being nri?? please guide me...
don't want hard earn money wasted or idle!!!


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