*Aspects of NRI Business – CAIIB ABM* 🌍💰 The banking needs of Non-Resident Indians (NRIs) differ from residents due to overseas earnings, investments, and regulatory frameworks like FEMA & RBI guidelines. Banks offer tailored services to cater to their financial requirements. 🔹 *Key Aspects of NRI Business:* ✅ *Types of NRI Accounts:* 🏦 *NRE (Non-Resident External):* Repatriable, tax-free interest, INR account. 💼 *NRO (Non-Resident Ordinary):* For Indian income, taxable, limited repatriation. 💵 *FCNR (Foreign Currency Non-Resident):* Foreign currency fixed deposit, no exchange risk. ✅ *Remittances & Transfers:* 🔄 Fast online transfers & swift remittances from abroad. 🌐 RBI allows $1 million repatriation per year from NRO (with tax compliance). ✅ *Investment Options:* 📈 Stocks & Mutual Funds via Portfolio Investment Scheme (PIS). 🏡 Real Estate (Residential & Commercial, but no agricultural land). 💰 Tax-Free NRE & FCNR deposits. ✅ *Taxation & Compliance:* 🏦 DTAA (Double Taxation Avoidance Agreement) prevents dual taxation. ⚖️ Income from India (rent, interest) is taxable, foreign income isn’t. ✅ *Loans & Credit Facilities:* 🏠 Home, personal, & car loans available for NRIs. 🔐 NRE deposits can be collateral for loans. ✅ *Wealth Management & Estate Planning:* 📊 Portfolio Management Services for high-net-worth NRIs. ✍️ Succession planning, will drafting & nominee services. ✅ *Regulatory Framework:* ⚖️ RBI, FEMA, & Income Tax Act compliance. 🆔 Strict KYC, FATCA, & periodic re-verifications. 🔹 *Conclusion:* NRI banking is a lucrative segment with specialized financial products, investment opportunities, and strict compliance needs. Banks play a crucial role in facilitating smooth transactions & ensuring regulatory adherence. 🚀💼