Q: I bought a holiday apartment in Goa with funds from UK. Due to ill health my wife can no longer travel this far.
I sold the apartment and money was paid into my NRO account with Axis Bank. I want to Repatriate this money back to UK. My bank is not helpful at all in this matter. How do I go about this transaction please?
Thank you and regards,
I recently become NRI and converted my pension a/c with SBI to nro s/b a/c.In usa i have no means of income and want to get around $ 1000 transferred and there is a form NRI-11.2 and the first part of application doesn't require any certificates up to Rs 500000/per year.My Bank is refusing the transfer.
Can you please guide me about the correct procedure?
Thanks and regards
Q: Can an OCI be given Power Of Attorney?
Q: How long will it take to process an application?
A: can you please mention the application name which you want to process.
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Q: 1)Can an NRI sell his inherited property in India with the help of Power of Attorney executed in favor of his son who is also an NRI? ( since the father is an old aged person unable to move, the son may come to India)
2) How to wire the sale proceeds to NRI's account abroad?
A: * A Power of attorney is a special choice for most sellers who have difficulties in attending to the execution and registration of sale deed.
* The reason for executing the POA should be clarified...