Khare initially connected with a Mumbai-based financial planner who was also a mother to an autistic child. This introduction to full-scale financial planning was a revelation, but the distance proved impractical. Read this | How this Mumbai couple rebuilt their finances after going bust “I needed an advisor I could meet in person when I … Read more
You submit documents not just once but repeatedly over time. Failure to do so can result in your accounts being frozen, blocking further transactions. This rigorous process is part of anti-money laundering guidelines ensuring institutions have up-to-date customer information. The KYC paradox However, while institutions verify your credentials, you seldom scrutinize the qualifications of those … Read more
Despite the many good reasons for investing in India, non-resident Indians (NRIs) face numerous hurdles that can dampen their enthusiasm. While mutual funds seem like an effortless option, getting started involves significant hassle and paperwork. Existing NRI investors face the additional challenge of meeting new KYC (know-your-customer) norms, adding another layer of complexity to the … Read more