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NRI status update

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  • NRI status update

    I have been in US since last 6 years, never updated my residency status in India (Still use SB account). I have invested in mutual funds, gold bonds, PPF before travelling to US. Now, the MF company is asking to update my KYC.

    1. Can I simply claim as resident Indian?

    2. What happens if I claim as NRI?

    3. Where and what order should I start updating my residency status in all my financial instruments back in India? For ex, Should I update my PAN first, Bank accounts and so on.

    4. Anything should I be more cautious of ?
    Last edited by vickidippi; 08-01-2019, 09:40 AM.