Q: Can an OCI be given Power Of Attorney?
Q: My nephew works on ship presently ( he is in Merchant Navy) n got salary in USD can he open NRE Account and yes then which bank is perfect for him who gives more value to his revenue
Q: Can NRI become shareholder of producer company
Q: How long will it take to process an application?
A: can you please mention the application name which you want to process.
Q: If an Indian Resident die and his executor in India transfer his money (3 crs) to an NRI who is grandson of deceased, whether RBI permission require for transfer of money from deceased or executor account to NRI (USA) in his NRO account in India. Deceased has made will and WILL is probated in Court.
A: Yes, an NRI/PIO can receive a gift from a resident relative. However, the amount cannot exceed the limit prescribed under LRS, i.e., $250,000 per financial year
The account can be credited with...
Q: How much money can an NRI take out of India?
A: Residents of India can travel abroad with up to Rs.25,000. And there is no limit to take foreign currency you can take out of India. But if it's more than US$5000 or US$10,000 then it should be...
Q: Can an NRI purchase a travel card for upcoming foreign trip in India?
A: NRI customers cannot purchase travel card, traveler's cheques or foreign currency notes in India.
Q: Will, there be any charges if I cancel the order I placed for purchase of forex?
A: In case the transaction is canceled by you, applicable differential loss arising due to forex rates fluctuation will be deducted from the amount refunded to your account. Profit if any, will not be...
Q: How many days prior is it advisable to order for a purchase of forex?
A: Please make your request for online purchase and home delivery of Foreign Currency notes and Travel Card, 3 working days before your date of travel. For any urgent requirement, please visit the...
Q: What are the things to remember while purchasing forex or reloading /refunding travel card online?
A: Please keep your passport number, its expiry date and Debit Card handy while placing an order to purchase forex online. Also, don’t forget to carry your debit card, for its Grid values, to complete...