Non-Resident Accounts and Foreign Currency Accounts
Introduction
This course provides a comprehensive understanding of Non-Resident Accounts and Foreign Currency Accounts, including their features, eligibility, and regulatory frameworks. Designed for NRIs, PIOs, OCIs, and financial professionals, it covers NRO, NRE, FCNR-B, SNRR, and specialized accounts like Diamond Dollar and Exchange Earners’ Foreign Currency (EEFC) accounts.
Whether you're looking to manage local income, repatriate foreign earnings, or open business accounts, this course equips you with the necessary tools and knowledge to make informed decisions.
Course Highlights
- In-Depth Learning: Covers NRO, NRE, FCNR-B, RFC, SNRR, DDA, and EEFC accounts.
- Real-World Applications: Practical examples of financial management for NRIs, PIOs, and OCIs.
- Comprehensive Learning: Covers all major non-resident and foreign currency accounts.
- Practical Knowledge: Apply insights to manage personal or business finances efficiently.
- Stay Up-to-Date: Keep pace with evolving financial regulations and market trends.
- Certification Advantage: Enhance your career with a professional certificate.
- Flexible Learning: Study at your pace with lifetime access to course materials.
- Expert Guidance: Developed by trade finance and compliance professionals.
- Certification: Earn a certificate upon course completion to enhance your credentials.
Benefits of the Programme
- Comprehensive Financial Knowledge: Understand key regulations and account features.
- Optimize Cross-Border Transactions: Learn about repatriation rules and foreign currency management.
- Stay Compliant: Ensure compliance with RBI and FEMA regulations.
- Boost Career Growth: Certification provides a competitive edge in finance roles.
Best Suited For
- NRIs, PIOs, and OCIs: Manage income, investments, and transactions in India.
- Financial Professionals: Bankers, trade officers, and compliance specialists.
- Entrepreneurs & SMEs: Handle cross-border financial operations and accounts.
- Students & Academics: Ideal for finance, business, and trade law students.
Programme Content Overview
- Module 1: Introduction to Non-Resident and Foreign Currency Accounts
Understand the eligibility and purpose of these accounts.
- Module 2: NRO, NRE, and FCNR-B Accounts
Explore account features, repatriation rules, and tax implications.
- Module 3: Special Business Accounts (SNRR & DDA)
Learn about business-focused accounts for international trade operations.
- Module 4: Resident Foreign Currency Accounts (RFC & RFC-D)
Manage foreign currency assets as a returning NRI.
- Module 5: Exchange Earners’ Foreign Currency Account (EEFC)
Maintain forex earnings without currency conversion risk.
- Module 6: Compliance & Documentation
Get familiar with KYC, repatriation requirements, and RBI guidelines & More
Course Materials include –
Study material of Non-Resident Accounts and Foreign Currency Accounts prepared by Market Experts available on SIFL Learning platform (SIFL-LMS).
Video Presentation for explanation of the Topics Presentation–wise SIFL Mock/Assessment test.
One SIFL Final tests for the Non-Resident Accounts and Foreign Currency Accounts
Self-learning training program with access to the SIFL Learning Platform (SIFL-LMS)
LMS Availability: 30 Days.