NRI Guide

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What Happens When You Declare Money At Customs

International traveler need to mandatory undergo customs check while traveling through international passages and...

How To Exchange Indian Rupee To US Dollar In USA

With the growing population of visitors (for various reasons such as education, career, and medical, among others) to...

Checklist For Travelling To USA From India

Every country has mandated instructions for any visitor visiting the country which needs to be followed by the...

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....



Ask, Answer & Discover

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Q: How much foreign currency can an NRI bring along with him on his/her visit to India, without customs declaration form (CDF)?

A: An individual NRI can bring USD 10,000/- or equivalent (in the form of FCTC/FC) of which maximum USD 5000/-can be in the form of currency notes without declaring the same in CDF. Any amount in...

Q: Are there any charges while remitting the FCNR proceeds abroad?

A: No, commissions are levied while remitting the FCNR proceeds on maturity.

Q: Is nomination permitted in NRI accounts?

A: Yes, NRIs can nominate either a resident or a non-resident as Nominee. However, only one nominee is permitted per account. The nominee can also be a minor in which case, the guardian has to be...

Q: Can NRI invest in an immovable proprietary/partnership concern?

A: Yes, Repatriation benefit is available for 2 residential houses. The purchase should be out of funds remitted from aboard or out of NRE/FCNR accounts, in accordance with the provisions of FERA/FEMA.

Q: Can NRI place deposits with companies on repatriation basis?

A: Yes, provided the company accepts the deposits under public deposit scheme for a period not exceeding 3 years and has obtained necessary ratings etc.

Q: Can Indian company take a loan from a foreign bank?

A: Yes, an Indian company can borrow loans in foreign currency from a foreign bank. These are known as foreign currency term loans or external commercial borrowings.