Hi Deepak,

Thanks for pointing out the tax liabilities in the case of NRE and NRO accounts. I haven't written much about them in the article. Surely, I will include them.

In the article, I meant 7% is the interest on a fixed deposit, not the interest on your savings/current deposit. Maybe I will change that line to make it clear. If you use RBI deposits, it's 8.05% interest. You can find more about RBI Bonds here: https://rb.gy/xpsv9

Further, SIP in mutual funds/NIFTY BEES ETF is investing in stock markets. If you understand stock markets, it's better to invest in stock markets directly than SIPs in Mutual Funds. However, I agree that investment in NIFTY (even through SIP) is better than savings in a bank.

However, ''Investment in Indian Market v/s American Market'' or ''Investment in Stock Market v/s Fixed Deposit'' are totally separate topics.