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NRIs exploring banking, investing, and wealth management opportunities in GIFT City IFSC. This resource helps global Indians understand how GIFT City is reshaping access to world-class investment products, transparent financial services, and tax-efficient structures.

If you are planning private limited company registration in India or looking for seamless company formation services in India, this guide offers valuable context on why global investors and entrepreneurs are choosing GIFT City Ahmedabad as their preferred financial hub.

For investors seeking investment opportunities in GIFT City Ahmedabad, or professionals searching for the best investment advisory in India, the article highlights expert-led insights, strategic benefits, and compliance-friendly processes that support long-term wealth creation.

🌏 Attention NRIs! Managing money across borders isn’t easy — but avoid these 3 costly mistakes: ❌ Using untrusted remittance agents ❌ Forgetting to pay tax on Indian income ❌ Skipping nominations

🌍 NRI Tip of the Day! 🌍

If you’re sending money back to India, an NRE (Non-Resident External) account could be your go-to choice.

✔ Keep foreign earnings tax-free ✔ Repatriate freely to any country ✔ Earn interest while you save

However, the eligibility for NRI housing loan depends on many factors such as the age, income levels, and/if there are any other loans that you are still repaying, among others. The last factor, though, affects your eligibility the most, as your home loan EMIs combined with other EMIs cannot exceed a certain level of your monthly income.

This leads us to list out the benefits of taking a joint home loan.

These are:

1. Enhances loan eligibility

A joint home loan is worth considering as it enhances the eligibility to get a higher loan amount. This can be done by adding co-applicants having independent income source. This, in turn, would make you eligible to apply for a higher loan amount.

Co-applicants can be an immediate family member; they can be either salaried or self-employed; and even Indian residents or even NRIs.

2. Enjoy tax benefits 

When you apply for a joint NRI home loan, you also enjoy huge tax deductions separately, provided both the co-applicants are also co-owners of the property and are contributing to the home loan repayment.

The principal repayments are eligible for deduction under Section 80C of the Income Tax Act up to a maximum limit of Rs.1.50 lakh while the home loan interest payments are eligible for the same under Section 24 up to Rs 2 lakh in case the property is self-occupied. But if the property is let out, there is no maximum limit on the tax deduction.

In a joint home loan, collective tax benefits are much higher as the co-applicants are individually eligible for it. However, the actual amount of tax benefit enjoyed by each co-applicant relies upon the ratio in which they individually contribute to the repayment of the loan.

Therefore, you can plan how much tax benefit you can avail by determining the proportion of the loan each co-applicant is going to repay.

3. Special benefits for women co-owners

Another benefit of applying for a joint home loan is that women customers get a differentiated home loan interest rate, which is usually a few basis points lower than the normal ones. But for that, the woman has to be the sole or joint owner of the property under consideration. She also needs to be the applicant or at least co-applicant for the home loan.

Few points to note:

The repayment responsibility of home loans can be the collective and individual responsibility of the co-applicants, where they choose to separately pay the EMI or do so through a joint bank account.

All co-applicants- earning or non-earning- have to submit the home loan documents such as KYC (proof of identity and address), income and property documents to the lender.

The COVID-19 pandemic arrived with not only a health crisis but also an economic one across the globe. Many companies and organisations are announcing pay cuts, deferred payments, and are even laying off employees. Many countries are even sending the migrants back to their home country. NRI's returning to India may face a bigger problem in future. However, taking a wise investment decision can help you in the long run.

The economy has seen the worst hit this year, leaving everyone puzzled and confused on how to save and where to spend. In such a situation, it becomes necessary to consider investing in productive avenues to prevent the pandemic from hitting your financial stability.

Here are a few points to keep in mind while investing during COVID-19: 

1. Holding Cash

Saving money while in COVID-19 economy is a wise decision as it can come handy at the time of need. However, it is suggested that you park your saved money in separate bank accounts and/or Liquid or Overnight Funds and don’t use it until there is an emergency. 

If you are an NRI, then you must hold your money in excess for future use. Due to Economic crisis you never if you ever get a chance to go back to the country you were residing in. 

What you should remember while holding cash is that you don’t keep excess of it or very less of it. Inadequate cash won’t suffice in urgent times and holding excess cash may lead you to miss out on good investment opportunities. 

2. Asset Allocation

Many factors determine asset allocation or distribution of investible funds among asset classes- equity, debt, gold, or holding cash. Factors include your income, age, financial goals, investment objectives and time in hand. Since time is crucial, it would be a good idea to review your asset allocation now as these factors might have changed with time. Investing in safe options can be preferable in the long run. As investment options such as equity and debts can be risky options to invest in. However, investing in Fixed deposit can be preferable. As your money is safe and gives you good returns. And if you are an NRI, then investing in NRI fixed deposit can be the best option for you.  It gives you various options; Such as FCNR deposit, NRO Fixed Deposit, NRE Account fixed deposit and much more. 

The biggest benefits of Fixed deposit for NRI's is the Repartriability of their deposits.  You can invest in Foreign currency and get good returns on your investment. You can also repatriate your Investment without paying any taxes if you invest in NRE account fixed deposit or FCNR account.

However, in this time of economic uncertainty due to COVID-19, you must invest only after thorough research. Also, try not to over-diversify, else it will make your portfolio bulky and won’t add any benefit. 

 3. Stay Invested

During COVID-19, it might seem that terminating your investments is a good idea as they would offer financial relief. But it isn’t at all a good idea, especially for certain asset classes such as equity and gold. Such avenues need a longer investment horizon to give considerable returns. 

Selling them might seem like a quick solution but it might jeopardise your financial wellbeing in the long run. Therefore, it is recommended that you continue with your investments in mutual funds and stocks and even increase your allocation.

 4. Insurance

The most common step taken by people during COVID-19 is getting their life and health insurance done. Many upcoming insurance plans offer cover for corona infection. Opting for them is a good way to protect the wellbeing of your family and you.

Continue your insurance premiums; take it as an essential investment so that you and your family can enjoy uninterrupted insurance coverage. You might think of stopping your payments towards insurance premium during this economic crisis. But you shouldn’t do that since you’ll most likely have to pay a higher premium if you think of buying an insurance policy later.

 Conclusion