S2NRI

An NRI (Non-Resident Indian) consultant can be a valuable resource for anyone living abroad who has ties to India. These consultants are typically experts in various areas of Indian culture, business, and finance. Having expertise ensures offering guidance and support to NRIs who are navigating the difficulties of living outside their home country.

In this blog, we bring some of the ways that an NRI consultant can help a person living abroad.

Areas Where an NRI Consultant Can Assist

• Providing Guidance on the Documents Procurement

The process of procuring important documents like birth certificates, NABCs, and single status certificates can be complicated and time-consuming, especially if you are living outside India. An NRI consultant can provide guidance on the process, including the necessary steps, documentation requirements, and timelines.

• Assistance with Documentation

These professionals can also help NRIs with the documentation required to obtain these certificates. Their expertise and hands-on experience can support you with end-to-end guidance on what documents are needed, how to obtain them, and how to ensure that they are properly authenticated.

• Liaising with Local Authorities

In some cases, it may be necessary to liaise with local authorities to obtain these documents. These consultants can assist in this regard by acting as an intermediary between you and the local authorities, ensuring that the process goes smoothly.

• Follow-up and Status Updates

A consulting professional can also provide regular updates on the status of your application. Moreover, he can guide you in following up with the relevant authorities to ensure that your application is processed in a timely manner.

• Translation Services

In some cases, documents like an academic transcript may need to be translated into English or other languages. These professionals provide their helping hands in arranging translation services, ensuring that the documents are translated accurately and efficiently.

• Legal and Financial Advice

For seeking legal and financial advice, the NRI consultant can prove the best asset. Non-residents often have unique legal and financial needs that are different from those of residents in India. This expert understands and hence, can show you a proper way to pass through a variety of issues, including tax planning, investments, property management, and estate planning. They can also provide suggestions on Indian laws and regulations that may impact NRIs, such as the Foreign Exchange Management Act (FEMA) and the Foreign Contribution Regulation Act (FCRA).

• Assistance with Property Management

Another area where an NRI consultant can be helpful is wealth management like property, etc.  Indian emigrants may own property in India that they need to manage from abroad. The consultant can provide assistance with buying, selling, and managing property in India. They can also help them navigate the legal and regulatory requirements involved in property transactions, including registering property, tenant management, rental income management, obtaining approvals, and ensuring compliance with local laws.

• Cultural Understanding

There is another area where they appear outstanding support, which is to get valuable insights into Indian culture and customs. This can be particularly helpful for non-residents who have been living abroad for a long period and may have lost touch with their cultural roots. An NRI consultant can provide guidance on Indian customs, traditions, and social etiquette, which can help them come across social situations with greater ease.

• Networking Opportunities

An NRI consultant can also provide networking opportunities for Indian emigrants. With their support, people can introduce themselves to other Indians living abroad, as well as to business contacts and other professionals in India. This can be particularly significant for those who are looking to expand their professional network, or who are interested in starting a business in India.

• Assistance with Government and Regulatory Requirements

OCIs or PIOs (NRIs) may need to deal with various government and regulatory requirements, such as obtaining visas, opening bank accounts, and registering for various services. Here also, an NRI consultant can sail them across various challenges. He provides assistance with these processes and ensures that service seekers are able to navigate the complex regulatory environment in India.

• Investment Opportunities

Last but not the least, the support concerned with investment opportunities is also valuable. These professionals can guide you on these opportunities or tips in India. India has a rapidly growing economy and offers many investment opportunities for NRIs. With this professional assistance, non-residents can identify investment opportunities that are appropriate for their financial goals and risk tolerance. They can also provide advice on how to manage investments and ensure compliance with Indian regulations.

The question arises whether NRIs can apply for Aadhaar card in India. The answer is yes, NRIs are eligible to apply for an Aadhaar card in India. However, there are certain conditions that need to be fulfilled by NRIs in order to apply for this card.

What is Aadhaar Card?

An Aadhaar card is a unique identification number issued by the Indian government. These 12-digit numbers serve as a unique identifier for an individual, including non-resident Indians (NRIs) and Persons of Indian Origin (PIOs) residing abroad. This nationality identification card is a significant document for various government schemes and services. Also, you can use it for private transactions such as opening a bank account, obtaining a mobile phone connection, and so on. Non-Resident Indians (NRIs) may also apply for this card in India, subject to certain conditions.

Who Issues It?

The Unique Identification Authority of India (UIDAI), a statutory authority established by the Indian government has the right to issue it. This very same authority has made it possible for non-residents to apply for an Aadhaar card in India. It can be easily done through a process known as the “enrollment process”. The enrollment process requires applicants to provide personal details and biometric information such as fingerprints, iris scans, and photographs, and finally, these details are submitted to the UIDAI.

Residential Condition

Indian migrants need to be present in India at the time of the application process. It means that they cannot apply for an Aadhaar card online or through any other means from outside India. They must physically be present in India to apply for the card.

Eligibility for Aadhaar Card

NRIs who wish to apply for an Aadhaar card in India must meet certain eligibility criteria.

As aforesaid, they must have been residing in India for a period of at least 182 days (6 months) in the 12 months preceding the date of application. This means that non-residents who have been living abroad for an extended period of time may not be eligible to apply for an Aadhaar card in India.

Required Documents

These emigrants must visit an Aadhaar enrollment center, which can be found in various locations across the country. At the enrollment center, they must provide these documents:

• Proof of identity and proof of address, as well as their biometric information
• Proof of identity can be provided through documents such as a passport, PAN card, driving license, or voter ID card
• Enclose proof of address, which can be provided through documents such as a bank statement, utility bill, or rental agreement
• Attach their mobile number and email address, which will be used to communicate with them about this identification card

Verification

Once the enrollment process is complete, the competent authority will verify the information provided by the emigrants and issue an Aadhaar card if everything is fine or in order.

Processing

This identification card will be sent to the NRI’s address within a few weeks of the enrollment process. In the meantime, they can check or track the status of this card by visiting the UIDAI website and entering their enrollment ID and other details.

Process to Get Aadhaar Card

Formally, you (as NRI) can follow these steps to get it quickly. Once these conditions are met, you can apply for an Aadhaar card by following the below steps:

Step 1: Find the Nearest Enrollment Center

You can find the nearest enrollment center on the aforementioned website , or by calling the toll-free number 1947. You can also book an appointment online for the enrollment process.

Step 2: Fill Out the Enrollment Form

You need to fill out the Aadhaar enrollment form at the center. The form requires personal information such as name, date of birth, address, and contact details.

Step 3: Submit Identity and Address Proof

You need to submit proof of identity and address, along with a copy of your passport.

Step 4: Provide Biometric Data

NRIs need to provide their biometric data by undergoing a fingerprint scan, iris scan, and photograph.

Step 5: Receive Acknowledgement Slip

Once the enrollment process is complete, you will receive an acknowledgement slip. The slip contains an enrollment ID, which can be used to check the status of this card.

Step 6: Receive Aadhaar card

Emigrants will receive their Aadhaar card via post at the address provided in the enrollment form.

It is important to note that NRIs who apply for this card in India are subject to the same rules and regulations as Indian citizens. This means that you must use your card for legitimate purposes only. Also, you must not use it for any illegal or fraudulent activities. Additionally, keeping your card safe and secure is a must, and you should not share your Aadhaar number or other details with anyone except for authorised agencies or individuals.

A transcript is an academic record issued by the university or educational institution to a student. It consists of a list of all courses, their corresponding grades, and degrees obtained during a particular time period.

Simply put, it’s a detailed scorecard of a student, carrying obtained courses, grades, and degrees in each semester or module.

It can be called the following in different universities. But, the meaning is the same, which is the transcript.

• Mark Sheet/ Report Card
• Academic Certificates
• Diploma Supplement
• Statement of Learning
• Record of Achievements
• Academic Record
• Cumulative Record File (CRF)
• Permanent Record
• Transcript of Records (ToR)

Here is a guide to getting a transcript from Mumbai University (MU).

How Do You Get a Copy of Your Transcript from Mumbai University?

To get a transcript, you should know the correct way or procedure. Here all steps are given to address any challenges that you may face in getting a transcript from Mumbai University.

Step 1. Preparations At Home

• Collect all documents to be attested. These documents are the mark sheets received in all semesters, which should be stamped by the dean of the university.
• Keep one extra photocopy of your documents. It would be submitted for reference by the university.
• Put them into an envelope for each set. Write the address of the varsity where you have done courses using a pen. Prepare all sets in those envelopes. Take along with you an extra envelope.
• Avoid printing the address, as Mumbai University rejects your application.
• Don’t submit your original documents. But, keep them with you for verification of every detail by the authority. Once verified, you may submit them back.

Step 2. Submission Phase at the University

• Reach the university early for the submission. You may find long queues. Reaching before the opening of the office will be a plus.
• Be informed about the breaks and off days.
• Stay in a queue and wait for your turn for submission.
• Fill out the form, which carries the basic information like name, year, etc.
• On your turn, show all documents. Hand over all envelopes to the officer.
• Pay the charges per copy being attested.
• The attestation charges may vary, which include attestation and processing fees. Let’s say, the attestation of one set costs INR10 and INR100 for processing. In all, it would cost INR50+INR100=INR250+IR500 (i.e. INR750).
• Once you clear the payment, receive a receipt for tracking the status over the internet.
• Or, you may revisit for collecting the attested mark sheets on the day being called for collecting them.
• Generally, this process may be complete in a month. So, this is the estimated period of your transcript processing.

Step 3: Collect the Attested Transcripts

• On being updated, reach the university on a working day.
• Wait for your turn. Your receipt number will be called.
• Go inside the office for collecting your papers.
• Show the receipt for reference.

How Much Does it Cost to Get Transcripts from Mumbai University?

According to distance open learning (Mumbai University), a transcript may cost INR 20/- and the Transcript Certificate is( BA , B.Com & B.Sc (IT,Comp.Sc & NT):- Rs. 750/-, MA,M.Com,M. Sc. Maths :- Rs.1000/- , M.Sc. IT, M.Sc. Computer Sc, MCA ,PGDFM & PGDORM :- 1000/- ). This amount should be paid in cash during working days.

What Documents are Required for Transcripts?

The academic transcript reads the educational history, which has the final scores of all your subjects in each module or semester. To show that educational backlog, you need mark sheets, degrees, provisional docs, certificates, etc. All of these certificates are required concrete proof of your academic background. These records help in determining if you have authentically obtained a degree or certificate from Mumbai University in a given year. Once verified, you can easily get admission to the next-level course.

How to Get a Transcript Translated?

Not all universities in Mumbai provide transcripts in English because they prefer it to be in their native language. In such cases, the procured documents should be translated into English. Take into account that the new university would seek both, the original and the translation, at the time of admission. So, keep them both signed and stamped by the authentic translator.

This is so because of the lingual difference. English is a universal language. This fact helps you to translate your transcript into English. If you don’t have any knowledge, consult with an expert like Services 2 NRI.  We can help you to make your dreams of studying at a foreign university come true.

What if It’s Damaged or Misplaced?

This is indeed a Herculean task to reobtain it because some universities do not reissue it. In that case, you have to contact the board of education. Explain what loss you bear and request for reissuing it.

Wealth management is one of the financial services that ensure an end-to-end financial advisory & management. The one who does it all is called a wealth manager. He guides on what to do for addressing the investment requirements in general and in specific situations. Once clarity is there, he customizes a personalised strategy that includes a range of financial products and services.

This is a matter concerned with consultation, including an advisory on NRI wealth management or of any layman while understanding financial needs and goals.

Advantages of Wealth Management

• Effective Consultation

Managing funds is not easy when it’s an overwhelming amount. A person may not be able to effectively invest and prepare plans for investment, managing the entire money. But, a specialist can do it. He is the wealth management consultant who is high-level professionals and experts. One can easily contact them to strategically manage wealth.

• Customisation

This kind of management plans requires a scope for changing strategies or advisory as per clients’ specific needs. So, the wealth management expert combines different financial products & strategies to effectively meet the purpose or end the financial/ investment struggle. This is how the NRIs or any other ones can get a confident and bold solution to carry out during the course of financial planning and advisory.

• Location-based Services

The location of the customer makes a great impact on this management service. Let’s say-an NRI is in the USA. The investment strategy for that country will differ from India. With this facility, the residents and NRIs wealth management goes on smoothly because expert managers have the knowledge of every country’s economy dynamics.

• Expert Advisory

The client can have services of different financial disciplines, such as financial and accounting or tax or property investment or legal planning and post-retirement strategies. It ensures managing wealth effectively from all aspects through the bundle of services.

• Specialised Services

However, people seek for holistic financial services under it. But, there are some exceptional wealth managers as for NRIs to deliver specialised services in a particular area of finance. This specialization can help in sorting out any specific financial problems with expertise.

• Secure Sensitive Info

These services providers swear on their compliance with data privacy and security. They agree to work according to regulations that are meant to regulate the best privacy policies for not compromising on the sensitive information. They maintain confidentiality also during the agreed tenure.

• Holistic Management of Wealth

Managing wealth has an inclusive investment advisory. But, both differ from each other. It comes with a more holistic approach, which comprises all sorts of services related to managing money and strategies for fulfilling needs. It may have some existing and the future-based needs of the customer.

• Availability for All

Wealth management services may be aligned for a single person or small scale business or large firm. What all it means is that it involves a wide range of services that can be customised according to different requirements under different titles, which include consulting to practically executing management ideas.

What does a wealth manager do?

A wealth manager strategises to invest and manage the worth of millions of dollars, which includes remote assistance to NRIs, entrepreneurs of small, medium and large businesses. They align full-proof plans to monetize physical assets. When the need arises, he works as a virtual private bank so that customer can access professional credit and investment banking services in no time.

There are many High Networth Individuals (HNIs) that may have millions to billions of worth to be managed. Such people can be professionals, lawyers, doctors and CAs or whosoever with high net worth. There are some cases of HNIs who need the assistance for inheritance management and preservation of wealth.

Now-a-days, digital innovations are all around. HNIs are also interested in hi-tech wealth managers who can connect with technology-driven tools to execute effective management strategies in no time. So, the professional and upskilled wealth manager often comes with digital offerings also to provide an end-to-end support, especially to NRIs.