Are funds in FCNR accounts freely repatriable abroad
Question: Are funds in FCNR accounts freely repatriable abroad?
Raju Kanumuri: Yes, funds in FCNR accounts are freely repatriable.
Q: Can I get a visa to do casual work?
A: No. There is no visa that covers casual work. All applicants who plan to work in the United States must have an approved petition prior to their visa appointment.
Q: How can I extend my visa?
A: The validity of a visa cannot be extended regardless of its type. You will need to apply for a new visa.
Q: If I have dual citizenship, which passport should I use to travel to the United States?
A: If one of your nationalities is not U.S., you can apply using whichever nationality you prefer, but you must disclose all nationalities to the Embassy on your application form. U.S. citizens, even...
Q: What is the fee for ESTA (Electronic System for Travel Authorization) and who has to pay it?
A: ESTA registration is required for all travelers to the United States under the visa waiver program. The registration fee for ESTA is US$14. It can be paid online.
Q: Can OCI holders open PPF account in India?
A: OCI holders who are living in India are considered to be residents in India. Their status is no longer that of a Non-Resident (NRI). Therefore they can open PPF account in India.
While we are on...
Q: What are the step by step instructions to replace lost OCI card?
A: Before a lost OCI card can be replaced,
Applicants should file a police report. To apply for a replacement OCI Card, applicants will have to provide a copy of the complaint filed with the police....
Q: Can i repatriate funds in the NRI account?
A: The principal as well as the interest of the funds in an NRI account can be repatriated only if a person holds either an NRE account or an FCNR account. In case of an NRO account, only interest...
Q: Are there any prohibitions on the purpose for which loans cannot be taken?
A: The loans cannot be utilized for the purpose of re-lending or for carrying on agriculture or plantation activities or for investment in real estate business.