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Latest Questions 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...
- 44 Days ago
- Others
- Business and Finance
- See Answer
Q: Can NRI buy medical insurance in India?
A: Yes an NRI is eligible to buy medical insurance in India and to do that he should just need a proof of residence, ITR, and other related documents. PIOs can use their Indian passport with other...
- 295 Days ago
- Health Insurance
- Business and Finance
- See Answer
Q: Can NRI take life insurance in India?
A: Yes, an NRI is eligible to take life insurance in India. he/she can just apply by filling an additional questionnaire, the same policies offered to resident Indians will be offered to NRIs.
- 295 Days ago
- Health Insurance
- Business and Finance
- See Answer
Q: I have PIO card issued in 2011like apassport type prints. is it valid to travel to India?
A: *The government of India has notified that all existing PIO card holders shall be deemed to overseas citizens of Indian cardholder (merger of PIO to OCI)
*Until applicants are in receipt of an OCI...
- 317 Days ago
- Others
- Business and Finance
- See Answer
Q: How can NRIs do the sale/transfer of shares held by them with repatriation benefits?
A: In the case of shares /debentures /bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchanges...
- 430 Days ago
- Others
- Business and Finance
- See Answer
Q: Are NRIs permitted to transfer/sell their shares held on non-repatriation basis to resident freely?
A: Yes. General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favor of an Indian citizen or...
- 430 Days ago
- Others
- Business and Finance
- See Answer
Q: How to get biometric scan for Aadhaar card from abroad
A: There is no such facility abroad perhaps because NRIs, OCI and PIOs abroad are not supposed to have Aadhaar Cards. Aadhaar it is meant only for Indian or foreign residents of India.
- 486 Days ago
- Health Insurance
- Business and Finance
- See Answer
Q: Can gold jewelry be taken on the transfer of residence?
A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods.
The only duty-free allowance that can be availed when it comes...
- 501 Days ago
- Others
- Business and Finance
- See Answer
Q: Can OCI holder buy LIC insurance in India?
A: NRIs are allowed to purchase LIC policies whereas foreigners cannot.
Sometimes there is confusion over NRI status in the minds of people as they classify all former Indian nationals as NRIs....
- 507 Days ago
- Health Insurance
- Business and Finance
- See Answer
Q: Medical insurance in India for foreigners
A: Medical insurance in India is offered by private insurance companies as India does not have a Government sponsored health insurance plan offered by countries like Canada.
Anyone who can pay the...
- 518 Days ago
- Health Insurance
- Business and Finance
- See Answer
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...
- 44 Days ago
- Others - Business and Finance
- See Answer
Q: Can NRI buy medical insurance in India?
A: Yes an NRI is eligible to buy medical insurance in India and to do that he should just need a proof of residence, ITR, and other related documents. PIOs can use their Indian passport with other...
- 295 Days ago
- Health Insurance - Business and Finance
- See Answer
Q: Can NRI take life insurance in India?
A: Yes, an NRI is eligible to take life insurance in India. he/she can just apply by filling an additional questionnaire, the same policies offered to resident Indians will be offered to NRIs.
- 295 Days ago
- Health Insurance - Business and Finance
- See Answer
Q: I have PIO card issued in 2011like apassport type prints. is it valid to travel to India?
A: *The government of India has notified that all existing PIO card holders shall be deemed to overseas citizens of Indian cardholder (merger of PIO to OCI) *Until applicants are in receipt of an OCI...
- 317 Days ago
- Others - Business and Finance
- See Answer
Q: How can NRIs do the sale/transfer of shares held by them with repatriation benefits?
A: In the case of shares /debentures /bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchanges...
- 430 Days ago
- Others - Business and Finance
- See Answer
Q: Are NRIs permitted to transfer/sell their shares held on non-repatriation basis to resident freely?
A: Yes. General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favor of an Indian citizen or...
- 430 Days ago
- Others - Business and Finance
- See Answer
Q: How to get biometric scan for Aadhaar card from abroad
A: There is no such facility abroad perhaps because NRIs, OCI and PIOs abroad are not supposed to have Aadhaar Cards. Aadhaar it is meant only for Indian or foreign residents of India.
- 486 Days ago
- Health Insurance - Business and Finance
- See Answer
Q: Can gold jewelry be taken on the transfer of residence?
A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods. The only duty-free allowance that can be availed when it comes...
- 501 Days ago
- Others - Business and Finance
- See Answer
Q: Can OCI holder buy LIC insurance in India?
A: NRIs are allowed to purchase LIC policies whereas foreigners cannot. Sometimes there is confusion over NRI status in the minds of people as they classify all former Indian nationals as NRIs....
- 507 Days ago
- Health Insurance - Business and Finance
- See Answer
Q: Medical insurance in India for foreigners
A: Medical insurance in India is offered by private insurance companies as India does not have a Government sponsored health insurance plan offered by countries like Canada. Anyone who can pay the...
- 518 Days ago
- Health Insurance - Business and Finance
- See Answer
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Indian-origin ex-policeman jailed for sexual offences with underage girls - Times of India
