Recurring Deposits for NRI/NRE

 

Recurring Deposits for NRI/NRE

NRE are non-resident external accounts. The interest from an NRE RD is free from tax in India, and is freely repatriable. NRI/NRE Recurring Deposit Accounts are available through which small sums of money can be invested on a monthly basis from foreign income of the NRI. Such RD schemes are fully repatriable and offer attractive tax benefits and also multiple tenure options. NRE RD Accounts allows investments towards your deposit installments to come from the NRE Accounts only.

Invest Rs 150000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

There are a lot of mutual funds that customers can choose from but some of the best Tax Saver mutual funds in India right now are:

Top 10 Tax Saver Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

It must be remembered that this list is not set in stone as improvement or reduction in performance of the mutual fund could change the position of these funds among the top 10 tax saving mutual funds in India.

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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