NRI Financial Planning Hub

Comprehensive financial guidance for Non-Resident Indians and Indian residents navigating cross-border wealth management

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Key Financial Topics

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FIRE Planning

Calculate your "Enough Number" and plan for financial independence and early retirement

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NRI Banking

Navigate NRE, NRO, FCNR accounts and banking compliance requirements

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Tax Compliance

Understand cross-border tax obligations, RNOR status, and TDS requirements

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Investments

GIFT City investments, wealth building frameworks, and NRI-specific strategies

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Case Studies

Real-world examples of retirement planning and wealth building strategies

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Blogs

Read and create in-depth articles about NRI finance topics

FIRE & Retirement Planning

How Much Money Do You Really Need to Retire in India?

The global FIRE movement popularized multiplying yearly expenses by 25—relying on a 4% withdrawal rate. But Indian factors make this incomplete:

  • Inflation (~6%) means costs double every 12 years
  • Higher historic equity returns but more volatility
  • Family support obligations
  • Emotional ties to property

Calculate Your Personal 'Enough Number':

Monthly Expense × 12 × 30-40x = Conservative Corpus

Lifestyle Bands & Corpus Requirements

Simple Life

₹40k–70k/month → ₹1.25–2.5 crore corpus

Modest Urban Life

₹70k–1.2L/month → ₹2.5–4 crore corpus

Comfortable Metro Life

₹1.2–2L/month → ₹4–7 crore corpus

Aspirational City Life

₹2–3.5L/month → ₹7–10 crore corpus

Abundant/Rich Life

₹3L+/month → ₹10+ crore corpus

9 Retirement Mistakes to Avoid

❌ Overspending on children's education
❌ Mishandling lumpsum retirement corpus
❌ Avoiding equity as a retiree
❌ Consuming entire retirement income
❌ Oversharing financial details with children
❌ Acting as guarantor on loans
❌ Chasing returns instead of safety
❌ Trusting dubious advisors
❌ Ignoring spousal simplicity

Three-Bucket Strategy for Retirement

Short-Term Bucket

Purpose: Cover 2-4 years of living expenses

Contents: Cash, savings, short-term debt funds

Medium-Term Bucket

Purpose: Steady inflation-beating income

Contents: Long-term bonds, balanced funds, dividend stocks

Long-Term Bucket

Purpose: Growth for long-term wealth

Contents: Stocks, equity mutual funds, real estate

Interactive Retirement Calculator

Use the official NISM Retirement Calculator below to estimate your retirement needs. Enter your details and get a personalized analysis:

NRI Banking & Accounts

NRI Account Types

10 Hassle-Free Banking Tips

✅ Limit bank accounts to 2 major banks
✅ Convert resident accounts to NRO when moving abroad
✅ Consider GIFT City account for dollar exposure
✅ Link Indian mobile number for banking
✅ Keep annual statements for compliance
✅ Clear all loans and gather closure documents
✅ Activate UPI for easy payments
✅ Open NRE/NRO before leaving India
✅ Close accounts when returning to India

Cross-Border Tax & Compliance

Canada Exit Tax Obligations - Common Mistakes

❌ Not understanding tax residency types
❌ Failing to break Canadian ties properly
❌ Filing unnecessary forms
❌ Not planning for exit tax
❌ Missing tax treaty advantages
❌ Assuming Canadian accounts stay tax-free
❌ Not securing Indian tax residency

RNOR Status Benefits

Qualification

NRI for 9 of last 10 years OR less than 729 days in India in last 7 years

Duration

Up to 3 years after return to India

Key Benefits

  • Foreign income exempt (except India-controlled business)
  • NRE/NRO interest tax-free for 2 years
  • Capital gains concessions

TDS Rates for NRIs (2025)

Income Type
TDS Rate
Shares & Bonds (LTCG)
12.5%
Company Fixed Deposits
10%
NRO interest, dividends
30%
Property LTCG
12.5%
Property STCG
30%

Investment Guidance

GIFT City Benefits

🌐 International zone with Indian comfort
🆔 No PAN/Aadhaar required for NRIs
💵 Dollar-denominated products
🚫 No FEMA restrictions
🏦 Global-style banking
🛡️ Dollar insurance options
💰 Low minimum investments ($200/month)
🎯 Innovative NRI-specific products

Wealth Building Framework

Accumulation Phase

Save 50-75% of earnings, build 5x annual expenses

Growth Phase

Let investments grow, begin diversifying

Independence Phase

25x annual expenses, achieve financial freedom

Abundance Phase

50x annual expenses, money works for you

Case Studies & Examples

₹5 Crore Retirement Corpus

Profile: Age 45, retiring at 58, ₹22L in EPF

Strategy: Step-up SIP ₹60k/month + EPF contributions

Timeline: 13 years to achieve goal

Assumptions: 12% pre-retirement, 10% post-retirement returns

Why Wealth Explodes After ₹1 Crore

Concept: First crore hardest, subsequent crores come faster

Reasons: Higher income, better investments, compounding scale effect

Timeline: ₹30k SIP: 1st crore in 12 years, 2nd in under 5 years

The compounding effect accelerates dramatically once you cross the ₹1 crore milestone

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