News

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Indian-origin woman sentenced for smuggling hundreds of illegal aliens into US

Times of India

Indian-Americans thrilled over PM Modi's possible community address in Houston

Economic Times

Lifting country cap on Green Card would help in attracting best talent: Congressmen

Economic Times

New figures reveal hike in Indian student applications for UK universities

Economic Times

Country cap on Green Card goes, thousands of Indians to benefit

Economic Times

Indians are high-earners in UK: Study

Economic Times

NRI Guide

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US Customs Questions At The Airport
US Customs Questions At The Airport

US has strict strict customs and immigration checking counter. Such officials would make sure that the visitors are...

FEMA Guidelines For Outward Remittance
FEMA Guidelines For Outward Remittance

Every country has its own guidelines on the money going in and going out. This includes India which is a country...

What Happens When You Declare Money At Customs?
What Happens When You Declare Money At Customs?

International traveler need to mandatory undergo customs check while traveling through international passages and...

How To Exchange Indian Rupee To US Dollar In USA
How To Exchange Indian Rupee To US Dollar In USA

With the growing population of visitors (for various reasons such as education, career, and medical, among others) to...

Checklist For Travelling To USA From India
Checklist For Travelling To USA From India

Every country has mandated instructions for any visitor visiting the country which needs to be followed by the...

Temporary Green Card Travel Restrictions
Temporary Green Card Travel Restrictions

Green Card or a Permanent Resident Card is issued to all the permanent residents of USA which serves as a proof that...

Articles

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Ask, Answer & Discover

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Q: What way an NRI can finance the flat?

A: The purchase of the flats can be financed from the fresh remittance through the normal banking channels or from payment from the original NRI account or from NRE accounts. When the flat is under...

Q: Do NRI require permission to transfer any immovable property in India to a person resident in India?

A: No specific permission is required by NRI to transfer any immovable property in India to a person resident in India.

Q: How should the purchase consideration for acquiring immovable property in India, be met?

A: The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRI maintained with banks in India.

Q: What is the position regarding the refund of the purchase consideration on account of non-allotment of flats/ plots/ cancellation of bookings/ deals in respect of immovable property purchased by NRI in India

A: With a view to credit to NRE/FCNR account of refund of purchase considerations by the seller on account of cancellation of bookings for purchase of residential, commercial property, RBI clarified...

Q: can you help me getting my money from sbi-nre a/c to canada in candian dollars, as i find it very difficult to fill in forms etc ? J.S.Patel

A: Yes, you can freely transfer these funds back to your Canadian account. However, note that the bank will charge you for currency conversion. Funds in NRE is denominated in INR and there’ll be a...

Q: If an FCNR deposit of 12 months maturity is withdrawn prematurely, would any interest be payable?

A: The premature withdrawal is allowed and no interest rates are applicable.