Costly Financial Mistakes NRIs Make While Earning Abroad

When you move abroad, your financial responsibilities don’t stay behind in India. In fact, they become more complex - and more critical.

In this video, we follow Vikram's journey from Bengaluru to San Francisco and uncover 7 banking and documentation mistakes many NRIs unknowingly make and pay heavily for.

Discover how to avoid common pitfalls, the importance of converting your accounts, understanding repatriation rules, and maintaining proper documentation to ensure a smooth financial transition.

Whether you’re a new NRI or a seasoned expat, this is a must-watch financial survival guide.

Chapters:
00:00 Vikram's Big Move to San Francisco
01:20 The Initial Banking Hurdles
03:28 Understanding NRO and NRE Accounts
06:22 Repatriation Rules and Emergency Funds
07:58 Tax Implications and Account Management
09:10 KYC Compliance and Documentation
10:42 Ensuring Proper Tax Treatment
12:02 Vikram's Financial Transformation

Sources:
https://www.moneycontrol.com/news/bus...

https://m.economictimes.com/nri/inves...

https://www.goinri.com/blog/common-mi...

https://www.idfcfirstbank.com/finfirs...

https://www.outlookmoney.com/plan/fin...

https://aktassociates.com/blog/the-mo...

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