Visiting India is always a busy occasion for
NRI’s and they usually plans so many things but due to time constraints they
miss some important financial works
NRI’s can use following 9 points checklist
while planning to visit India
1. If
you have forgotten Internet Banking / ATM Passwords then inform your Banker 5 to 10 days before your India landing date
2. Close
unused Bank Accounts & Activate all the dormant / Inoperative Accounts
3. Take
CA Certificates for repatriation of funds from NRO to NRE Accounts
4. Prepare
Tax Residency Certificate for onwards submission to your Banker for TDS
Concessions
5. Finalise
property related investment and if require then apply for Home Loan and execute
power of attorney for property registry and home loan documentation
6. Take
Overdraft Facility against your Fixed Deposits
7. Open
Demat Account and submit Share Certificates for dematerialization also if illegible
then take trading account
8. Take
Insurance policy (preferably a Term plan)
9. If
having Indian Income then file Income Tax Return
