Can NRIs remit funds through Exchange Houses for investment in Government securities, National Savings Certificates and Units of Unit Trust of India?
• Yes. • Can NRIs remit funds through Exchange Houses for investment in shares/debentures of Indian companies? • Yes, subject to general/specific permission of Reserve Bank for such investment. • Can NRIs send drafts issued by Exchange Houses for acquisition of residential flats in India? • Yes. NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate develops for acquisition of residential flats in India in individual names. • Can NRIs remit premia on policies issued by the Life Insurance Corporation of India by means of drafts issued by Exchange Houses in favour of the Corporation? • Yes. • Can NRIs remit tuition/boarding/examination fees of their children studying in India by means of drafts issued by Exchange Houses in favour of schools, colleges, universities, technical and educational institutions in India? • Yes. • Can NRIs take out of India precious stones or jewellery purchased by them during their visit to India? • Yes. NRIs can take o
Related Questions
- Can NRIs remit funds through Exchange Houses for investment in Government securities, National Savings Certificates and Units of Unit Trust of India?
- Are NRIs permitted to remit funds through Exchange Houses for investment in shares or debentures of Indian companies?
- Are NRIs permitted to remit funds through Exchange Houses for investment in shares/debentures of Indian companies?
