If you are an NRI, which has both PAN card and Aadhaar card then it is must for you to link your PAN card with the Aadhaar card. Failing to do so, will result in their PAN card cancellation. Though I have not seen any official news on that this is what many newspapers in India quote. On other hands, it's not legal for NRIs to get the Aadhaar card because it is only for the residents of India i.e. anyone currently living in India, irrespective of their citizenship. This means, both foreigners and Indias with foreign passports e.g. OCI and PIO holder can apply and get Aadhaar card if they are currently living in India.
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Recently one of my readers asked me that he wants to invest some money on NRE fixed deposits but confused on whether to go for foreign banks like Citibank, DBS, Standard Chartered, Deutsche Bank or Indian banks like ICICI, Kotak, HDFC, SBI, Axis Bank or Union Bank? I asked him, whether he has any existing NRE saving account , he says he doesn't have any existing NRE saving account? Then I ask him what is more important for you? the interest rate or convenience? and his answer was the interest rate. Read more »
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