NRI Bank Accounts – NRE, NRO, FCNR

NRE (Non-Resident External)and NRO (Non-Resident Ordinary) accounts are popular with NRI. While the NRE is an external account and is repatriable in foreign currency, the NRO is the Resident account and cannot be repatriable. NRO and NRE Account can be opened as a Savings, recurring, or fixed deposit account. Interest earned on NRO is taxable and TDS @ 30%…

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Startup Funding Options

Startup needs funding to create the prototype, hire team, pay for infrastructure, working capital, and marketing, to name a few expenses. Funding, which is a combination of equity, debt, and grants has trade-offs in terms of cost-benefit attributes such as…

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