OCI
Can I withdraw my EPF to repay home loan principal; will I have to pay tax on it?
ET Wealth Reader's Query: Can I withdraw my Provident Fund to repay my home loan principal? Will I have to pay taxes on PF withdrawal? How long can I retain the money in my EPF account and continue earning interest—up to three years from the date of my last contribution or until I turn 58?
NRIs can now complete online KYC from the US, UK, UAE and other FATF-compliant countries
For Indian investors residing overseas, a new development brings good news. A recent circular from Sebi allows them to open investment accounts without needing to return to India. By permitting digital KYC submissions from various compliant countries, this initiative simplifies the process for non-resident Indians (NRIs) and overseas citizens of India (OCIs).
Why Nithin Kamath believes NRI investing in India has become easier than ever
Zerodha CEO Nithin Kamath welcomed Sebi's simplified NRI account-opening rules, enabling eligible overseas investors to complete digital KYC within two to three days. Effective December 3, 2026, the framework aims to boost overseas participation in Indian equities.
Centre relaxes passport, visa rules for select foreign nationals; revises Nepal, Bhutan travel norms
The Centre has announced amendments to immigration rules for several categories of foreign nationals residing in India. Pakistani citizens who entered India before December 31, 2009, may be exempt from renewing their passports. Additionally, certain refugees from Afghanistan, Bangladesh, and Pakistan fleeing persecution are included in these exemptions. Registered Sri Lankan Tamil nationals and Tibetans with specific entry permits also benefit from relaxed requirements.
India plans to cut visa categories from 13 to 9 and reduce application form fields by 70%
In a significant turn of events, India's Union Home Ministry is undertaking a major overhaul of the country's visa system, reducing the existing 13 categories down to just 9 while revamping the application process to enhance user experience.
OCI passport update: India removes $25 late fee for applications submitted by December 31
In a significant move to aid Overseas Citizens of India (OCI) cardholders, the Government of India has implemented a temporary two-month waiver of late fees for those updating their passport details.
SBI-led banking alliance comes together to mount a defence to AI threats
Indian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on improving coordination among banks and facilitating timely information sharing. Increasing digitalization has expanded the potential for cyberattacks, urging immediate measures to mitigate risks.
Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas
Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct video verifications when necessary.
Sebi eases KYC norms for NRIs, OCIs, allows digital onboarding from December 3
SEBI has relaxed KYC requirements for NRIs, OCIs and foreign nationals, allowing eligible overseas clients in FATF-compliant countries to complete onboarding digitally. The revised framework introduces video verification, electronic documents and simplified repeat KYC, effective December 3, 2026.
Sebi cancels registrations of 8 investment advisers for non-payment of renewal fees
Sebi has announced relaxed KYC requirements for Non-Resident Indians, Overseas Citizens of India, and foreign nationals. These changes will allow them to complete digital onboarding from FATF-compliant countries effectively. Intermediaries can accept KYC submissions without requiring physical presence in India. Video In-Person Verification is now permitted where in-person verification isn't feasible, enhancing compliance capabilities. The revised framework, effective from December 3, is aimed at simplifying the entire onboarding process.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
Motilal Oswal Financial Services announces leadership rejig; appoints new heads across businesses
Motilal Oswal Financial Services announced major leadership changes across alternatives, retail broking and private wealth businesses. The reshuffle coincides with strong Q2 performance, with operating PAT rising 29% year-on-year to Rs 718 crore.
Should my OCI son continue his Indian health insurance policy or take a new one?
ET Wealth Reader's Query: My son recently became an Overseas Citizen of India (OCI). Earlier, he had insurance coverage in India. Should he continue that or take a new one in India?
Imran Khan tenders unconditional apology to Bombay HC, vows not to join protests amid ‘Leave India’ notice row
Imran Khan submitted an unconditional apology to the Bombay High Court as he challenges a 'Leave India Notice'. This notice was issued by the Foreigners Regional Registration Office after his alleged participation in a protest. The court has scheduled a hearing for December 7, which keeps the notice in abeyance for the time being.
India makes Air Suvidha form mandatory for all international arrivals amid Ebola outbreak
For anyone arriving in India from abroad, completion of the Air Suvidha Self-Declaration Form is essential. This online form must be submitted before departure and includes important personal and travel details for health checks upon arrival. Be prepared for potential extra screening at airports based on the information provided. This mandate is applicable to all international passengers, irrespective of their travel backgrounds.
Motilal Oswal Q2 Results: PAT nearly quadruples to Rs 1,070 crore; revenue up 20%
Motilal Oswal reported a 29% year-on-year rise in operating profit to ₹718 crore in Q2 FY27, driven by asset management and wealth management growth. Assets under management expanded, while recurring revenue strengthened earnings visibility and business resilience.
Actor Imran Khan seeks evidence from FRRO, questions grounds for OCI cancellation amid CEC protest row
Imran Khan has challenged the FRRO's show-cause notice regarding his OCI status, citing incomplete evidence and a lack of transparency. He demands access to all materials used in the decision-making process, arguing that he has not been properly informed of the allegations against him. The Bombay High Court is set to hear the case on Nov 2.
Bombay High Court defers actor Imran Khan's plea against 'Leave India Notice' to Tuesday
The High Court deferred the hearing on actor Imran Khan's petition challenging the notice directing him to leave India by October 28. The matter has been kept for hearing on Tuesday at 3 pm.
‘Mary Millben can back BJP, Imran Khan can’t criticise it’: CJP's Abhijit Dipke flags contrast
CJP activist Abhijit Dipke drew a comparison between American singer Mary Millben and Imran Khan regarding political speech. Mumbai Police issued a 'Leave India' notice to Imran Khan, directing him to exit by October 28. Allegations against Khan include participating in protests despite his Overseas Citizen of India status. BJP leader Kirit Somaiya demanded his arrest over alleged violations of OCI provisions and visa conditions.
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