NRI Guide

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Temporary Green Card Travel Restrictions

Green Card or a Permanent Resident Card is issued to all the permanent residents of USA which serves as a proof that...

How To Repatriate Money From NRO Account

Repatriation of funds becomes necessary when an individual settled outside India has some immovable assets which he...

How to Apply Passport For Infants

A Passport is a very important document, more so in order to prove and certify the identity of the passport holder....

Do Foreign Banks Report to IRS

Yes, the Foreign Banks do report to the IRS. Foreign Account Tax Compliance Act (FATCA), passed in 2010 makes it...

How to Get Study Visa for USA

Any individual from any foreign country who wishes to enter the borders of United States of America for any purpose...

How to Start a Startup in India

Startups have become the buzz word around the town. Its eminent success here in India and across the globe has seen...



Ask, Answer & Discover

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Q: How can an NRI send a rupee draft to a beneficiary in India?

A: You can give instructions to your bank to issue rupee draft through online and the draft will be issued in India and couriered directly to the beneficiary within 2 working days.

Q: Can an NRI deposit a foreign currency cheque or draft at any bank in India?

A: Yes an NRI can deposit foreign currency cheque or draft at an NRI service center in India. since the draft is sent overseas for collection it would take between 14 to 21 days to credit the proceeds...

Q: Can an NRI repatriate money from inheritances?

A: Inheritance proceeds of assets other than property can also be remitted by an NRI along with other remittances allowed out of NRO accounts.

Q: Can an NRI repatriate money from property and investment income?

A: All forms of current income arising out of investments in India are repatriable. This includes income by way of interest, dividends, rentals, etc. Current income is repatriable even if the asset...

Q: Can an NRI repatriate money out of balances held in NRO accounts?

A: Interest earnings can be repatriated. In addition to this, remittances up to USD 1 million per the calendar year from balances in NRO accounts subject to payment of applicable taxes is allowed for...

Q: Can NRI trade in currency derivative segment of the exchange?

A: No, Only “a person resident in India” as defined in section 2(v) of FEMA Act 1999 are allowed to participate in currency derivative segment of the exchange.