Times of India
Every country has its own guidelines on the money going in and going out. This includes India which is a country...
International traveler need to mandatory undergo customs check while traveling through international passages and...
With the growing population of visitors (for various reasons such as education, career, and medical, among others) to...
Every country has mandated instructions for any visitor visiting the country which needs to be followed by the...
Green Card or a Permanent Resident Card is issued to all the permanent residents of USA which serves as a proof that...
Repatriation of funds becomes necessary when an individual settled outside India has some immovable assets which he...
Q: Can the NRI deposits be prematurely extended to get the benefit of higher interest?
A: Yes, the deposit will earn interest without penalty for the period it has run, provided it has run for the minimum maturity period and thereafter at the higher interest rate.
Q: Will, the bank renew our NRE/FCNR bank deposits automatically?
A: Yes, provided automatic renewal instructions are given at the time of opening the deposit in which case, it will be automatically renewed for an identical period.
Q: Can NRI invest in immovable proprietory concern?
A: Yes, NRI can invest in capital proprietary and partnership firms engaged in manufacturing, commerce or trading activities on a non-repatriation basis
Q: Can NRI invest in shares of Indian Cos and other securities on a non-repatriation basis?
A: Yes, NRIs can invest without any limit on the non-repatriation basis in shares and convertible debentures of Indian Cos., issued either by public issue or private placement or right issues. NRI can...
Q: Can NRI place deposits with companies on repatriation basis?
A: Yes, provided the company accepts the deposits under public deposit scheme for a period not exceeding 3 years and has obtained necessary ratings etc.
Q: Does an NRI, FII require any approval from the RBI to invest in mutual funds?
A: No special approvals are required. NRIs/FIIs have been granted general permission by RBI for investing in/redeeming units of funds subject to conditions set out in the aforesaid regulations.
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