Ask, Answer & Discover

Latest Questions

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...

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...

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.

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...

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....

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...

Q: Can OCI buy life insurance in India?

A: You can buy insurance in India from any insurance company of your choice. Just call the company and their agents will virtually line up to sell you a policy. Get answers to all your questions...

Q: How to pay foreign insurance policy premiums from India?

A: Persons who are permanently resident in India are not permitted to take foreign currency life insurance policies, However, there are provisions for paying insurance premiums for policies where NRIs...

Q: Can OCI holders apply for Indian citizenship?

A: As per the provisions of section 5(1) (g) of the Citizenship Act, 1955, a person who is registered as an OCI for 5 years and is residing in India for 1 year out of the above 5 years, is eligible to...

Q: Indian life insurance policies of NRIS living abroad?

A: Existing polices taken while in India should continue in Indian Currency even after your moving to foreign countries as NRI. However you should keep the concerned servicing branch of LIC informed...