What happens if the tool finds a compliance issue?
If a compliance issue is detected, the tool provides guidance on how to resolve it. This may include updating bank account types, filing required documents or regularising tax filings.
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How does the Compliance Compass work?
The tool asks users a series of questions related to their financial holdings and residency status. Based on the inputs, it provides a compliance score and suggests corrective actions if any issues are detected.
What is the Compliance Compass?
The Compliance Compass is a tool designed for NRIs to assess their compliance status regarding Indian bank accounts, stock market investments, mutual funds and property in India. It provides actionable steps to help users avoid issues like account ...
Is my data secure when using the Compliance Compass?
Absolutely. We don't collect any financially sensitive details when you use the Compliance Compass. All the tool data is handled with strict security measures to ensure complete confidentiality and protection.
Is the Compliance Compass free to use?
Yes, the Compliance Compass is free to use. It was designed by Belong to help NRIs stay informed about their compliance obligations without any cost.
How often should I check my compliance status?
We recommend you use the Compliance Compass at least once a year or whenever there are changes in your residency status, financial holdings or Indian regulations.