Budget 2025 tightens tax rules for NRIs: What Indian students and professionals abroad must brace for – The Times of India

Budget 2025 tightens tax rules for NRIs: What Indian students and professionals abroad must brace for – The Times of India

Indian Students Abroad Face New Tax Scrutiny Under Budget 2025 Changes. (Representative Image) The Union Budget 2025, while focused on accelerating domestic growth and fiscal consolidation, also signals a more stringent tax regime for Non-Resident Indians (NRIs), including students and young professionals abroad. As the government moves to strengthen regulatory oversight and clamp down on…

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Cheer for NRIs! Earn higher interest rates on FCNR(B) deposits till March 31, 2025 – here’s how – Times of India

Cheer for NRIs! Earn higher interest rates on FCNR(B) deposits till March 31, 2025 – here’s how – Times of India

In order to attract more capital inflows, it has been decided to increase the interest rate ceilings on FCNR(B) deposits. (AI image) Cheer for NRIs! The RBI has enhanced the interest rate ceiling for FCNR(B) deposits to overnight Alternative Reference Rate (ARR) plus 400 basis points for deposits with maturities between 1 year and less…

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