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Latest Questions

Q: Can an NRI settled in foreign land become an elector of the electoral roll in India?

A: An overseas elector is a person who is a citizen of India and who has not acquired citizenship of any other country and is otherwise eligible to be registered as a voter and who is absenting from...

Q: Do NRI require RBI permission to transfer immovable property in India?

A: No. NRI's do not require any permission to transfer any immovable property in India. Permission is required only in the case of transferring of agricultural or plantation property or farm house to...

Q: Do NRIs need any approval from RBI for selling securities acquired through IPO's/ private placements?

A: No, NRIs can sell such shares on the exchange without any approval. However, while seeking the credit of sale proceeds to NRE/NRO account, the bank should be provided with the details regarding the...

Q: Do NRIs have to submit any documents to the RBI before purchasing residential property in India?

A: No, NRIs are not required to file any documents owing general permission granted by the RBI.

Q: Do NRIs require prior approval of RBI for maintaining bank accounts in India?

A: NO, an NRI doesn't need any prior approval from RBI for maintaining bank accounts in India.

Q: Is Aadhaar card required for OCI?

A: NRI/OCI are not eligible to obtain Aadhaar card as per the Aadhar card act and hence are fully exempted to produce Aadhaar for any verification.

Q: Do NRIs need approvals from RBI for selling securities acquired through IPOs/ private placements?

A: No. NRIs can sell such shares/debentures on the Exchange without any approval. However, while seeking the credit of sale proceeds to NRE/NRO account, the bank should be provided with the details...

Q: Are any conditions to be fulfilled if repatriation of sale proceeds is desired?

A: Applications for repatriation of sale proceeds are considered provided the sale takes place after three years from the date of final purchase deed or from the date of payment of final instalment of...

Q: Can an NRI renew Indian passport?

A: If you are an NRI and you are in need to renew your passport in India means, then it is compulsory to have a present address proof in India or else it will be much complex for you to get your...

Q: Can OCI holder work in India?

A: Yes OCI can work in the financial, economic and educational field, they cannot work 9n the acquisition of agricultural or plantation properties. and they do not need to get an employment visa and...