Are you still using a regular Savings Account in India? If so, you might be breaking the law without even knowing it!

Most NRI financial mistakes don't happen because of bad intent, they happen because of "familiarity." We move abroad, but we keep the same bank accounts, the same FD habits, and the same investment styles that worked when we lived in India.

In this episode of The Home Advantage, Aswin breaks down the 8 most common financial traps NRIs fall into, from FEMA non-compliance and massive tax leakages to the "hidden" currency depreciation that eats your returns.

Chapters

(00:00) Intro

(00:54) Mistake #1: NOT Updating Your NRI Status

(01:50) Mistake #2: Overlooking Currecy Exchange Risks

(02:48) Mistake #3: Over-Reliance on Fixed Deposits

(03:32) Mistake #4: Ignoring the Tax Impact

(04:49) Mistake #5: Non-filing of Income Tax Returns in India

(05:36) Mistake #6: Not Adding Nominees

(06:33) Mistake #7: Buying Property Early

(07:04) Mistake #8: Buying Insurance for the Wrong Reasons

(07:41) Takeaway

About Belong

Belong is a fintech platform built for NRIs who want to invest in India with clarity and confidence. From USD Fixed Deposits to GIFT City Mutual Funds, Belong connects global income with Indian opportunities without the NRO, NRE or PIS maze.

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