The Ideal lighting for homes in India

In todays modern world a number of important factors need to be looked at when we are designing or building our own dream Home. The simplest part of building a house is the construction of its outer shell or the building. Then the real work starts. The interiors and its designing are one aspect with many sub aspects to be considered in the finishing of your house into a dream home.

A good lighting design takes into consideration many aspects like aesthetic designs, power consumption, lumens , colour temperatures and so on. Each room in a home has to have certain properties associated with ideal lighting. There is an ideal light for the bedroom, for the Drawing or sitting room, for the kitchen and dining room and for exteriors or washrooms.

For a bedroom a light which has around 800 lumens is considered ideal. This gives you enough light for reading but is also not bright enough to keep you awake. For Kitchens and an ideal lighting should reflect 60 to 80 lumens per sq. Ft of space. This rule generally applies for the working area of the kitchen. Generally, for the living room the lighting fixtures should be having adjustable levels. Depending on the activity being carried out the lighting may be adjusted.

With the increase in the usage of energy-based household utilities it has become necessary to have more power efficient lighting. That means the need for lighting with higher lumens but a lower energy consumption overall. The last twenty years have seen the advent of LED lights which has on one hand lowered the consumption of energy in lighting the home. On the other hand, the advent of more electronic gadgets like air conditioners, electric cooking ranges, micro ovens, deep freezers etc has increased the overall energy consumption in a home. For the outdoors the HPSV lamps are proving to be energy savers.

What type of light suits or is required for which home areas?

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Bedrooms : For bedrooms a light bulb which gives around 60 watts of light or 800 lumens of light is an ideal light. This gives you sufficient light to be able to read if you wish but also is not so bright that it will keep you awake if you fall asleep whilst reading. The ideal lampshade would be an overhanging one in the centre with two-night lamps on the bed side tables.

Living room : The living room requires more of lighting which can be adjustable with use of dimmers. The lighting in a living room needs to be adjusted mostly with the type of mood or the gathering in the room. If the gathering is small a more intimate and soft lighting will be more suitable and for larger gatherings the lighting has to be brighter. Corners lamps and lamps which highlight certain prominent points in a room like a particular painting or wall are used to give the living room that fancy effect. Dimmers can be used in Living rooms to increase or decrease the intensity of light as per the requirement.

Kitchen: In a kitchen the cooking area requires a brighter light than the rest of the kitchen. Sunken lights under the cabinets, led lights which illuminate the interiors of the cabinets when opened are very practical.

Bathroom: The ideal light for a bathroom is an overhead light of around 800 lumens plus brighter lights in front of the mirrors to give better accomplishment of tasks like shaving or makeup.

House Exteriors. The lighting for the house exteriors has to be bright keeping in view the security aspect of protecting your home from break ins.

Can Mobile App Notifications Replace Cancellation Notices?

P&C insurers are required to notify policyholders when their policies are cancelled for any reason. If they do not, and a former policyholder’s claim is rejected, they can be sued for damages well in excess of the claim. To protect themselves, many insurers maintain various kinds of evidence that Cancellation Notices were sent.

One compelling piece of Cancellation Notification evidence could be mobile app notifications sent directly to a canceled policyholder’s phone. The mobile app notifications could include links to Cancellation Notices and could be logged for future reference, reducing doubt that the policyholder was made aware that the policy was cancelled. This evidence creates a “digital audit trail” showing the insurer has made every reasonable effort to ensure that policyholders are notified of cancellation.

While a mobile app notification will not replace a government mandated, mailed Cancellation Notice in most states, Insurers can help to reduce the frequency and cost to litigate “bad faith” cancellation lawsuits by adding mobile notifications to their policyholder communication channels. Notification Management is one of the valuable benefits of a robust mobile policy services app. The low cost of a mobile app is typically far less than the high cost of a single judgement against the insurer.

With stock markets rising, should investors still hold gold?

With equity markets soaring and the gold rally pausing for breath, investors are debating whether they should maintain their allocations to gold or exit the asset class.

It’s appalling how easily we discount and look beyond the value that an asset class brings to the table, especially when its “falling out of favor” like gold is currently. We get busy chasing the best performing asset class, which seems to be equities for now.

Here are two reasons why doing that wouldn’t be prudent.

Owning gold is not about the upside potential, it is about minimizing risk to the downside

Every asset class plays a role in the portfolio. While equities generate growth and debt brings regular income, gold because of its lower correlation to the other two provides diversification and lends stability. We saw these characteristics play out as recently as this year when stock markets fell off the cliff and gold climbed to new peaks, in addition to gold’s history of improving portfolio risk-adjusted returns.

Yes, the recovery in stock markets since the collapse of March has been phenomenal, and could continue going forward, but let’s not forget that the steep fall wiped off a third of investor capital within a matter of days. For an investor to participate in and benefit from the unprecedented equity market rally we’ve seen this year, he should have firstly been able to digest the massive losses of March and stay on. An all equity portfolio for the three months ending 31st March 2020 was down 28% compared to a diversified portfolio with 40-40-20 allocation to equities, debt and gold which fell by only 8% based on Sensex TRI, Crisil Composite Bond Fund Index and Domestic Price of Gold.
Those with diversified portfolios were hurt less and probably are the ones who managed to stick it out through the volatility and reap the benefits that followed.

So, while it is true that investing in shares can give you a better return than investing in gold, it’s important to appreciate that the presence of portfolio diversifier like gold, which tend to do well when risk assets like equities perform poorly, is what enables us to take on higher risk that comes with equity investing in the first place.

Thus don’t question gold’s relevance in your portfolio and do maintain adequate gold allocation.

No asset class can go up in a straight line, including equities

Despite historic damage to economic activity, equity markets, with the help of massive fiscal and monetary stimulus, ended the year in the green with valuations at all-time highs.

The optimism surrounding the economic rebound and the cheap liquidity backdrop is expected to encourage further risk taking in search for yield and continue to propel equities in 2021. This could be a headwind for gold and could limit its rise next year. However, the fact remains that the economic rebound is prone to setbacks like vaccine inefficacy, further waves of infections, the new virus strain now detected in the UK and fresh lockdowns.

If the recovery falters or is weaker than expected, investors might question the rich valuations resulting in repricing to historical averages and market corrections. With investors vulnerable to a host of potential disappointments, cautious optimism seems to be the way forward. And with low yields limiting bond markets’ ability to act as a hedge against equity price volatility, gold could be an effective portfolio diversifier in the case of another stock market correction and renewed risk aversion. In addition, weak economic growth will require continued doses of fiscal and monetary stimulus, which too will bode well for gold.

So to answer the question in the title, the choice investors have to make isn’t between equities or gold, but in fact it is equities and gold.

Source: World Gold Council, Bloomberg

Angel Broking Account Opening Guide

Angel Broking Limited is one of the biggest and largest independent full-service broking houses in India. Moreover, it provides accurate and widespread data for each and every online share trader. Angel broking is a home for an independent database that covers the Indian online brokerage industry. They have experience of over two decades with an abundance of knowledge and expertise in the broking Industry. With great and high technology platforms that make the process hassle-free for their retail clients.

Angel Broking is a trading platform, which is seamless and safe for clients to use. Additionally, the trading platform helps to track online investment and provides expert research for traders who use technical analysis.

What is a Demat Account?
A Demat account is short for a “dematerialized account” which means stocks, bonds, shares are stored in electronic form rather than in physical or material form. Moreover, a Demat account can hold securities like:

Non-Convertible Debentures
Government Securities
Mutual funds that are traded on the Stock exchange
Benefits of a Demat Account
There are various benefits of using a Demat Account those are:

Traders can make any transaction happen at their convenience which is time-saving and convenient.
There is no risk of delays, forgery, theft, damage of the shares as they are no held in physical form and stored in electronic form.
There is no paperwork needed to register any transaction.
The single integrated platform where you hold both debt and equity.
The multiple communications are eliminated as the stakeholders are notified after every transaction.
Cost reduction as the cost of stamp duty is not present due to the holding of shares in electronic form.
How to Open A Demat Account (Online & Offline) with Angel broking
To avail all the benefits of a Demat account you need to open a Demat account by following these steps. The steps mentioned are for opening a Demat account in offline mode:

Step 1: Select A DP (Depository Participant)- You should first compare different benefits provided by different DPs and select the best one which is most suitable.
Step 2: Fill Application Form- Now after selecting a DP you need to fill up the application form for opening a new Demat account. You need to submit certain documents for KYC (Know Your Customer) those are:
Identity Proof
PAN Card
Address Proof
Bank Details
Personal details
Step 3: Verification Process- A list of certain rules will be provided to you that you need to follow. These rules will ensure that you do ethical and legal trading also these regulations will clear your doubts. The several functions of the Demat account will be mentioned in the list mentioned. Now DP will organize an in-person verification of your KYC documents and you. Payment of the fees is necessary which depends on your DP.
Step 4: Final Approval- After the in-person verification is completed the other final formalities will be completed and your brand new Demat account will be opened. You will receive a UID for your account.
The steps mentioned are for opening a Demat account in online mode:

Step 1: Visit the official website of Angel broking
Step 2: Fill out the form with details that are asked like your name, number, city, etc. Additionally, an OTP will be provided to you on your registered number.
Step 3: Enter the OTP in order to get the next form. In the next form, you have to fill out the form with details like
PAN card details,
contact details,
DOB, and
Bank details.
Step 4: Congratulations! Your account is now open. On your email and mobile, you will receive details of your Demat account.
KYC Documents
When you open an account with Angel broking you will need one proof of identity and one proof of address from the list given below:

Proof of identity

IT Returns
Voter’s ID
Divers’ license
ICAI, ICSI, ICWAI, etc issued id with photo
Phone Bill
Electricity bill
PAN Card
Photo ID provided by state or central government body
Proof of Address

Bank Passbook/statement
Voter’s ID
Ration Card
Leave License agreement
ICAI, ICSI, ICWAI, etc issued id with photo
Phone Bill
Electricity bill
Photo ID provided by state or central government body

How to Open a Trading Account with Angel Broking?
Here are some easy steps to open a Trading Account with Angel Broking:

Compare the services and brokerage rates then choose the best out of them for opening a trading account
Select the best one that suits your needs
Fill the form with necessary KYC documents
After the verification, you will receive your trading account details
Now you can trade happily and easily.
Using Demat and Trading accounts for trading
When Investor wants to Buy: With the help of your trading account you can place buy orders. The order will get processed and the shares you placed the order to buy will be credited into your Demat account.
When Investor wants to Sell: You can sell any shares of any quantity from your trading account and it will reflect the debit entry in your Demat account.
The trading takes place both online and on-call whichever you prefer. It is advisable to link both the accounts that are Demat and trading account. Additionally, keep both accounts under the same firm to avoid bringing additional stakeholders.
To sum it all up you need to pay attention to each of the steps while you start the process of opening an account with Angel Broking. You should open both Demat and Trading Account with Angel Broking which will be better than having accounts with different firms. Moreover, you need to link your Demat and trading account for easy flow of the process. You need to check the charges that they levy on their website and update your correct data. It is a great practice if you add a nominee that will remove many hassles of the future. In the end, open your account and enjoy the perks provided by Angel Broking.

Democratization of Finance and Investment

The democratization of finance is the process of removing control of the finance industry away from financial institutions and distributing power among the public. Democratization can come at various levels -giving access to what was previously only offered to institutional investors, to high-net-worth investors, and making services and solutions only offered to high-net-worth investors, to the mass affluent.

Largely driven by the advancement of technology, the democratization of investments also emerged from tighter regulations in investor protection. Higher transparency in products and fees drove many banks to switch from pure product-focused recommendations to standardized advice based on diverse product packages. Additionally, many banks had no choice but to widen the customer target group and offer, staying on the hunt for new revenue streams from recurrent advisory fees instead of commissions.

The advancement of technology contributed to the proliferation of wealth management services and the rise of non-financial players that offer low-cost, automated investments mimicking traditional portfolio management in the form of proprietary algorithms managing customer portfolios. We are already seeing big tech companies, such as Google, Apple and Facebook, looking to break into the financial services industry. While many expected Rob advisor platform endangers high-end wealth management, taking over its market share, the platforms ultimately cater to investors with lower assets. This brought a new kind of customer segment to the wealth management digital marketplace. Privileges that used to be reserved exclusively for HNWIs are becoming available for regular investors and retail banking customers.

Financial institutions have played catch-up to challenger banks and fintech companies for a few years now. Digital investment platforms have centred mostly on the needs of retail investors, while HNW and UHNW clients continued to rely on personal, relationship-based service. However, wealth managers are now realizing that this model is flawed, in that HNW clients expect a digital experience and services as part of their overall manager relationship. The challenge is to provide a low-cost, digital experience that matches the level of their personal service.

Effectively serving the world’s wealthy is going to get far more complicated in the years ahead. As the demographics of wealth shift, so will the needs and expectations of wealth clients. According to BCG, over the past 20 years, personal financial wealth globally has nearly tripled, rising from $80 trillion in 1999 to $226 trillion at the end of 2019. The group predicts that HNW and UHNW will remain the fastest-growing segments in North America and that the affluent band will be the fastest-growing segment in Asia, Western Europe, and the Middle East. The Middle East and Latin America are also expected to see their share of cross-border wealth grow slightly faster than the global average over the next five years.

With the large and growing affluent and HNW segments in mind, retail banks and asset managers need to use technology and hybrid models to aggressively undercut traditional wealth management providers and offer simple, but appealing, investment management technology across their existing client base. These offerings will be especially attractive to clients in markets with few established wealth management providers. Asset managers will leverage their superior investment capabilities to win new clients through direct channels.

As digitization lowers barriers to entry to wealth management as a business, the competition will intensify and offerings that once provided differentiation will face commoditization. In the past, offering this level of customization would have been cost-prohibitive. But advances in technology will allow wealth management providers to create highly tailored portfolios at a fraction of the current time and cost. The historical distinction between advisory and discretionary products will fade, as innovative mandates combine elements from both.

Forex Trading – Making The Right Decisions

Forex trading is all about making the right decisions. So many people fail at this important part of forex trading. They fail because they are unsure of what the right decisions are. Instead they usually go off gut feelings, an article they may have read, false tips, or some other type of false information.


Forex trading is all about having the proper information and coming up with a winning trading strategy to make proper decisions trading. The exact method you use to come up with the information is up to you. How you come up with a winning strategy is totally up to you as well.


Another wise decision a forex trader should make is coming up with the right online broker. Their are literally thousands of different online brokers to choose from. Coming up with just one can be tough because obviously no one will read up up on thousands of forex brokers just to choose one. The thing you want to look for when choosing a fx broker zero are low commissions, low spreads, sign on bonuses, cash back programs, low minimum deposits, and what regulations and accreditations they have.


The reason I suggested you should find a fx trading broker with low minimum deposits as a beginner is because starting out you have an opplrtunity to not lose as much money if your trades go bad. Foreign exchange brokers offer minimum deposits anywhere from $1 – as much as $5000. As a beginner you may not know these low $1 minimum deposit websites exist. These sites allow you to gain the knowledge and expertise to make higher dollar amount trades in the future as you become successful.


The internet is a great place to learn more about forex trading. With the amount education and trainings available online, a brand new trader would be able to become an expert trader without having to spend one cent. Websites like, investopedia, all have trustworthy information that knew traders can use to gain knowledge with forex trading.


What is forex trading? One of the other biggest questions that arise when just starting out is when am I ready to make my first trade? Your ready to make your first trade when you know what currency pair you want to trade, at what price point you want to enter the trade and when to exit the trade whehter it wins or loses.

How do I Upgrade my QuickBooks Desktop to the Latest Version?

QuickBooks is an accounting software developed for US small-business owners and accounting professionals. It facilitates transaction records and operational reports. The developer and marketer of QuickBooks is Intuit Inc.

For the effective and efficient working of the software, you need to frequently upgrade it. It’s best to upgrade the QuickBooks Desktop software on a monthly basis. In the monthly update, there are only minor changes occurring in the software. In the yearly update, major changes in the application were added.

There are two methods for QuickBooks Upgrade 2020 to the latest version:

Automatically update the application.
Manually update the software.

You should have an active internet connection for the fast and proper download of the application or software.

Automatically Update the Application.

Proceed with opening the QuickBooks.
Move the cursor to the ‘Help’ menu.
Select the ‘Update QuickBooks’ tab.
Then, from the ‘Update QuickBooks’ window, select the ‘Update Now’ tab.
Tick a checkmark on the “Reset Update “box, for erasing all the early-downloaded updates,
Click on the ‘Get Updates’ icon.
Start the QuickBooks application again.

Automatic Download for Future

Proceed to the ‘Help’ menu and select the ‘Update QuickBooks’ option.
From the ‘Update QuickBooks’ screen, choose the ‘Option’ tab.
Select the ‘Radio button’ for the ‘Yes’ option to switch on the automatic updates.
At last, click the ‘Exit’ option.

Also Read: – QuickBooks Error H505

Manually update the Software.

Go to the ‘File’ menu.
Select the ‘Close Company/Logoff’ option.
Again, go to the ‘File’ menu, click the ‘Exit’ tab.
Right-click on the QuickBooks application, and then click the ‘Run as Administrator’ option.
From the ‘No Company Open’ windows, move to the ‘Help’ menu & then choose the ‘Update QuickBooks’ option.
Navigate to the ‘Update Now’ tab, and then check-mark the ‘Reset Update’ box.
Click on the ‘Get Updates’ option.
When the screen displays ‘Update Complete’ shut-down the QuickBooks application.
Open the QuickBooks application again.
You will see the install update message.
Click on the ‘Yes’ option.
Restart the system, once the installation is complete.


This article has covered almost every information and instruction regarding Upgrade QuickBooks to its latest version. QuickBooks offers QuickBooks Premier Plus for accessing the application and services. If you still get any issues or want any QuickBooks Professional help and guidance, feel free to contact this number: 1-877-349-3776.

What are the major benefits and limitations of PPF Accounts?

The fixed deposits have been the primary choices of the majority of people in India. For those, it could be one of the best modes of investment with assured returns because the rate of interest is also higher than other types of deposits.

Let us discuss other significant benefits and limitations of PPF Accounts in brief.

Advantages of PPF Accounts:

The major advantage of depositing money in a PPF account is that whatever interest you will earn in between, is a tax-free return.
The rate of interest in case of PPF investment is comparatively higher than the traditional fixed deposits (FD).
You are eligible to avail a tax rebate up to 1,50,000/- as per 80C of Income Tax Act.
You can start investing with a minimum amount as 500/- and a maximum of 1,50,000/- per financial year.
You can deposit said amount in monthly instalments (12 months) by cheque, cash, bank transfer.
A partial withdrawal is allowed but after 7 to 15 years of maturity period.
The PPF account can be opened in post offices, the recognised banks in India whether it is public or private sector banks.
Thus Investing in public provident funds offer several benefits when it is compared to other types of deposits like saving deposits, fixed deposits, recurring deposits or Flexi deposits.

Disadvantages of PPF Accounts:

The PPF accounts have a lock-in period of 15 years which can be extended in 5 years blocks, meaning you cannot withdraw the funds before 15 years.
The first financial year in which you have opened the PPF account will not be considered, meaning the maturity period would be fully 15 years besides the first year.
Only one PPF account per person is allowed, however, you can transfer your account anytime in any organisation.
The premature withdrawal is not allowed till the 3rd year from the date of opening, however, you can get a loan against the balance amount after a 3 to 6 years time period.
The monthly interest rate shall be applicable only if you deposit money into your PPF account from 1st to 5th of every month, otherwise, you would not earn any interest for that month.


Any individual who is resident of India is eligible to open a PPF account in the post offices or any popular banks, but an NRI can’t open a PPF account in India.

Nevertheless, if you have already opened a PPF account before having NRI status, you can still operate it up to 15 years but it can’t be further extended.

The PPF account of minors can also be opened but it shall be operated by their parents.

How to open a PPF Account?

The process of opening a PPF account is very simple. You can either approach the post offices and commercial banks or can apply online.

You need to carry proof of identity, address and passport size photo and then fill the application form (Form A). The minors PPF account can also be opened under parents supervision.

If you hold an account in ICICI bank or HDFC bank, you can directly request for opening a PPF account through the internet banking portal.

Wrapping Up:

The PPF investments have always been preferred mode of investment for salaried as well as working professionals. The returns are not only guaranteed by the government but at the same time, it provides monthly compounding rate interest as well.

Moreover, the downside part, the rate of interest is not fixed depending upon the market and the lock-in period is also very long.

Examining Debt Settlement

Debt settlement is confused with financial management. The two are in fact quite different in how they work. I understand your worries about the settlement. I feel it is essential for anyone to avoid scams or worsening credit issues. Being hounded is not enjoyable and neither is remaining in a bad credit position. It can be hard to trust an online company. Word of mouth and independent reviews can only do so much.

Debt settlement will be defined along with what debt management is. This is in an effort to help you so that you will know exactly which product can help you the most. I have worked in this industry for several years offer you solutions to your financial burdens.

There are two types of financial solutions often confused: debt settlement and management. I will define both so that you can understand the differences between the two. Debt settlement is where you pay off your creditors with a lump sum. This lump sum is usually 50 to 89 percent lower than the amount owed. If you owe $100,000, you might be able to settle for $50,000. Of course, this is providing you have savings to settle with. The key to debt settlement is that you are able to pay a lump sum, not that you pay out over a given period of time. This process does not work for everyone. Given that you are required to have a lump sum for the payment amount, you have to act earlier with your debt issues than you might for other solutions. Keep in mind that with certain solutions you do not have to undergo bankruptcy, but you have more leeway in paying the debts off. Consolidation is one of those choices. You can consolidate your debts with a payment over time or a lump sum. Let the debt solutions work best for your situation by picking the correct one.

Using debt settlement if you do not have savings means the company or companies will not let you negotiate for a lower amount. They will want you to pay the entire amount in full even if that means paying a minimum payment for three decades. Debt settlement is not for everyone. Since it requires having a lump sum to give to the creditors, you either need savings or a consolidation loan. Working with an agency to negotiate for you typically means they have consolidation loans to offer you. In this way, you can use debt settlement to negotiate down your amount owed, obtain a consolidation loan to make the lump sum payment, and then pay the debt relief company. You should use a company that has the most advantage for you with regard to settling your debt. If you can get a loan to pay off the lump sum amount owed this can be helpful with the right company. You do have to be wary of the interest rate requested for the loan.

If you do use debt settlement with a consolidation loan you often pay a monthly payment plus interest to the debt help agency. You also pay a fee for the services provided to you. It is in your best interest to choose an agency that will settle your financial affairs all at once rather than one which settles each one separately in order to save money on the commission for settlement. This is completely different than management options.

Management differs from the settlement in that you are paying out over time. You set up a budget where you pay a little more than the monthly payment for one creditor. You do this until the creditor has been paid off. Already you can see the differences between this and settlement. In this manner, you do not negotiate, but create an arrangement on your own with a little help from the debt settlement company to see where you can save and start sending even more to one company.

The theory behind this option over debt settlement is that as you get one paid down, you use that money towards the next one, paying even more per month than you could have before. You repeat the process until all the money you were paying towards debt is now yours to save. The settlement clears it up in the beginning. Your financial burdens are over quicker when you use settlement versus management.

It is nice in theory to believe you could end your debt troubles all at once. Sadly, for someone who has waited too long or does not have any savings originally it is going to be harder to negotiate down. At the point you reach this harder situation for negotiation, you are also on your way to losing your good credit standing.

It is understandable that you might not want to face your debt issues. You might wish to avoid the situation because you are embarrassed or you feel as if you have failed. Things happen to you whether it is a loss of job, health issue, or something else. It is hard to live life, so you have not failed just because you are in a financial crisis. A failure to act will worsen the situation, so acting as soon as possible is important.

Debt solutions are only going to help you when you actively start seeking help. It is time to make a decision about your financial situation and end your debt troubles. Until you take action you will not be able to solve the money troubles you have. Furthermore, you may get into a worse situation. Do not wait until the bankruptcy is your only choice. It is not too late to speak with a representative about your situation.

I hope the above has been helpful to you need to make an educated choice about debt relief.

What Are The Advantages Of Holding An NRO Account?

If he moves abroad for whatever cause, an Indian resident can convert their regular savings account into an NRO account. Through this conversion, the NRI deposits the NRO account from their investments, loans, rent, etc. In the form of the Indian currency, all gets carried out.

Here are the benefits of holding an NRO account

NRO accounts provide many services to NRIs. For depositing and withdrawing money, you can do so either with a current or savings account. Daily deals would see NRO savings account opened by a person with not many transactions. It is because of the money that you get from your savings account. The NRO saving account, where you can obtain a deduction of up to INR 10,000 on the interest earned while filing returns, also provides an additional benefit. For investment purposes, you can vote for NRO recurring or NRO fixed deposit services.

The entire interest earned on behalf of NROs is taxable in the individual’s possession. Thus, no portion of the income would be considered tax-free, and any balance would be included in the taxpayer’s tax return. Non-residents, however, are not worried, as they can make use of the necessary exemptions for calculation purposes, which is approximately INR 2.5 lakh.
To reap the benefits of various tax provisions, NRO account holders need to ensure that additional work is done. Currently, 30 per cent of the interest earned from the NRO savings account is withdrawn, which is high. There are circumstances under which lower rates apply. However, you need to consult the bank on the same matter. It makes it essential to file tax returns and get refunds for individuals.

How to convert regular savings account to NRO account:

Notify the bank where you have your savings account that you have moved abroad and opt for an NRO account opening online.
Complete the conversion form that includes information about your KYC, new address details, contact point, etc. It can be accessed either from a branch of a bank or on the bank’s website.
Certify the form until finished. Provide documents such as a visit permit, PIO card, passport copy, etc., with the approved form.
If the savings account is a zero-balance account, you would need to change it to a minimum average balance savings account.