I am an Indian citizen with NRI (NonResident Indian) status, and I have an NRE account, an NRO account, as well as an ordinary bank account in India. I need to know
- How to treat my investments done under Demat account attached to my domestic bank account.
- How to treat mutual fund (MF) investments done through the domestic bank account.
- How to redeem MF schemes.
- Let me know tax implication on my earlier foreign currency remittance to my own domestic bank account. Of course, now I am remitting to my NRE account only.
- How I pay my LIC premium since my existing SB account has been converted to an NRO account.