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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...
- 9 Days ago
- Others
- Business and Finance
- See Answer
Q: Do NRIs need approval 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...
- 9 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: What are the provisions for corporate benefits for investments on repatriation and non-repatriation basis?
A: Corporate benefits may be in the form of a dividend, interest, rights, bonus, etc. Any corporate benefit resulting out of investment in securities on non-repatriation basis will not carry the right...
- 9 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: Can investments made under different schemes be held under single demat account?
A: No. Securities received against investments under 'Foreign Direct Investment scheme (FDI)', 'Portfolio Investment Scheme (PIS)' and 'Scheme for Investment' on non – repatriation basis has to be...
- 9 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: How much is the risk involved while investing in equity investments?
A: Equity investments are subject to market risks and there is no assurance or guarantee that the objective of the portfolio management service will be achieved. As with any investment in securities,...
- 9 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: Can NRI acquire or dispose of residential property by way of gift?
A: Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian...
- 11 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: Can NRIs acquire commercial property in India?
A: Yes, under the general permission granted by the Reserve Bank, property other than agricultural land/farm house/plantation property can be acquired by NRIs provided the purchase consideration is...
- 11 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: What is the procedure for seeking repatriation of sale proceeds?
A: Application for necessary permission for remittance of sale proceeds should be made in Form IPI 8 to the Central Office of the Reserve Bank of India at Mumbai within 90 days of the sale of the...
- 13 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: What are the conditions required to be fulfilled for repatriation of sale proceeds?
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 of...
- 13 Days ago
- NRI Investments
- Business and Finance
- See Answer
Q: Can immovable property in India, be transferred by way of gift to relatives/registered charitable trusts?
A: Yes. Reserve Bank has granted general permission to foreign citizens of Indian origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian...
- 14 Days ago
- NRI Investments
- 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...
- 9 Days ago
- Others - Business and Finance
- See Answer
Q: Do NRIs need approval 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...
- 9 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: What are the provisions for corporate benefits for investments on repatriation and non-repatriation basis?
A: Corporate benefits may be in the form of a dividend, interest, rights, bonus, etc. Any corporate benefit resulting out of investment in securities on non-repatriation basis will not carry the right...
- 9 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: Can investments made under different schemes be held under single demat account?
A: No. Securities received against investments under 'Foreign Direct Investment scheme (FDI)', 'Portfolio Investment Scheme (PIS)' and 'Scheme for Investment' on non – repatriation basis has to be...
- 9 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: How much is the risk involved while investing in equity investments?
A: Equity investments are subject to market risks and there is no assurance or guarantee that the objective of the portfolio management service will be achieved. As with any investment in securities,...
- 9 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: Can NRI acquire or dispose of residential property by way of gift?
A: Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian...
- 11 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: Can NRIs acquire commercial property in India?
A: Yes, under the general permission granted by the Reserve Bank, property other than agricultural land/farm house/plantation property can be acquired by NRIs provided the purchase consideration is...
- 11 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: What is the procedure for seeking repatriation of sale proceeds?
A: Application for necessary permission for remittance of sale proceeds should be made in Form IPI 8 to the Central Office of the Reserve Bank of India at Mumbai within 90 days of the sale of the...
- 13 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: What are the conditions required to be fulfilled for repatriation of sale proceeds?
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 of...
- 13 Days ago
- NRI Investments - Business and Finance
- See Answer
Q: Can immovable property in India, be transferred by way of gift to relatives/registered charitable trusts?
A: Yes. Reserve Bank has granted general permission to foreign citizens of Indian origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian...
- 14 Days ago
- NRI Investments - Business and Finance
- See Answer
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