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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