If you are a NRI staying or working abroad, it is an ideal option for you to invest in your home country. This will provide you with a lot of benefits, especially when you want to return back home in the near future. However, before you invest your foreign funds, there are certain factors you must consider. Here are a few pointers that will help you decide.
Liquidity
There are many ways you can invest in the various NRI options. You can invest your funds for short term tenure or even a long term. The NRI accounts will provide you with the best solutions for short term. Here you can invest your funds in the various foreign currency or even get them converted to into the local currency, depending on your preference. A long term deposit like the FCNR account will allow you a lot of benefits. Here you can invest your funds for a beneficial return on your investment. Your family members can also have an easy access to the funds in this account, as the NRI account holder can nominate a local resident as the account nominee.FCNR accountFCNR accounts
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