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Latest Questions

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...

Q: Do I have to report the foreign property to IRS?

A: According to the rules, a foreign property is not reportable, This is because a foreign property is usually held in an offshore trust or foreign corporation and your shares in the entity must be...

Q: Can I reissue my passport before it expires?

A: You can't renew the passport for more than one year before the expiration date of your current passport. when a new passport is issued, an old passport will be canceled and returned to the...

Q: Can green card holder apply for Aadhar card?

A: Aadhaar card is for all residents, every individual above 15 years of age, including NRIs and foreigners residing in India, can apply for Aadhaar card. And there is no online process by which an...