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NRE Fixed deposits are one of the best options for NRIs. It's safe, offer fixed and good returns and most importantly interest earned on NRE fixed deposit are not taxable in India . On top of that, you can also repatriate (send money to overseas from India) both principle and interest. Still, there are a couple of things every NRI should know about NRE fixed deposit before booking. Most important of them is that minimum tenor for earning the interest on NRE Fixed Deposits is 1 year . If you withdraw or break your NRE FD before 1 year then no interest will be paid. Read more »

The Indian Budget for 2017 has been announced a couple of days back and Finance Minister Mr. Arun Jaitely announced some Income tax reforms, amendments, and relief for personal income tax payers of India in his budget 2017 speech. The most important of them are 5% tax on the lowest slab i.e. 2.5 lakhs to 5.0 lakhs instead of 10%. This change will impact most of the tax payers in India as data provided in the budget, total 3.7 crore people filed income tax returns in 2015-16 and out of those almost 2 crore was in the range of 2.5 lakh to 5 lakh. Read more »