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Reclaim your forgotten investments in India- hassle-free!

At GLC Wealth, we help NRIs & foreign citizens recover lost shares with ease.

Call us at +91-8287103437 Email: [email protected] Website: www.glcwealth.com

Don’t leave your family’s future to chance.

Without a will, your loved ones may face legal battles and disputes over your assets. Ensure your wishes are honored and your family's future is secure. Take the step today to write a will.

Unlock Forgotten Wealth: Reclaim Your Unclaimed Assets.

📞 Call Us - +91-8287103437

✉️Mail Us- [email protected]

India is seeing a daily rise in the number of citizens who decide to leave the country in search for better employment possibilities, all the while maintaining financial ties to their family roots in India via monetary transactions. These people are called NRIs. Those who own an Indian passport yet live outside of the country are referred to as NRIs, or Non-Residents of India.

How do these individuals handle their financial transactions with their Indian families? The Indian government strongly values the financial inflow that non-resident immigrants (NRIs) bring into the nation. To facilitate their transactions, the government offers NRO (Non-Resident Ordinary) and NRE (Non-Resident External) accounts.

NRE Account The NRE account provides total security and is denominated in Indian rupees. These accounts might be fixed deposit, recurring, savings, or current accounts. When you deposit foreign currency into the account, it gets converted to Indian rupees. Without any issues or limitations, you can move your money (principal and interest amount) from an NRE account to a foreign account. The money you put into these accounts must be generated outside of India.

NRO Account To handle their money received in India, non-resident Indians (NRIs) maintain current or savings accounts in India. Account customers have easy access to deposit and manage their rupee funds. You can receive money from the account in either foreign or Indian currency. You and a local Indian or even an NRI may jointly apply for an NRO account. You can even move money from your existing NRE account. However, TDS (Tax Deducted at Source) applies to the interest you earn in this account. Withholding Tax at the Source (TDS).

Difference between NRE and NRO accounts If you’re an NRI who wants to secure your earnings in India or is searching for a dependable means to send money to your family in India. If you’re looking to open a bank account in India, you’ve come to the correct spot. Here are the key distinctions between an NRE and an NRO account to assist you trade money in a safer and more comfortable way.

CLICK ON LINK TO READ FULL ARTICLE HERE: https://glcwealth.com/blog/nre-and-nro-account-meaning-benefits-difference/

So far, around Rs 200 crore has been restored to the rightful claimants to whom the funds belong.

One of the oldest vexing issues in equity investing, that of lost money and shares, is well on its way to getting solved with the establishment of a digital process for recovering old dividends and shares by the Investor Education and Protection Fund Authority (IEPFA).