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The different kind of Bank Accounts and their characteristics are depicted in the following table:
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NRIs/OCBs can open the following types of accounts with banks in India, which hold authorized dealer licenses, as also other banks, specifically authorized by the Reserve Bank to maintain accounts in the names of NRIs/OCBs. Rupee Accounts 1. Non-
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According to Reserve Bank guidelines for NRIs: The loan amount shall not exceed 85% of the cost of the dwelling unit. Own contribution, which is the cost of dwelling unit financed less the loan amount, can be met from direct remittances from abroad
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Yes, the Rupee Fare Level for domestic sectors will be available for sale to Foreigners / NRIs when tickets will be purchased outside India.
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Yes, we have an overseas office in Dubai and Kuwait. For other particulars please click here.
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A8) Commissions cannot be paid outside in India. If NRIs have bank accounts in India, then, payment can be sent to addresses ONLY in India.
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Ans.: Authorized dealers have been granted permission to grant loans to NRI's for acquisition of house/flat for self-occupation on their return to India subject to certain conditions Repayment of the loan should be made within a period not
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By K.K. Katyal NEW DELHI, DEC. 27. Come Republic Day and there is lively anticipation about the State awards - at the top, Bharat Ratna and others and in the descending order, the Padam Vibhushan, Padam Bhushan and Padam Shri. The top honour has
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Non-Resident Indian’s and People of Indian Origin with Foreign Passport Holder can purchase of residential property in India. They are treated wholly as Indian Citizens and therefore don’t require permission to purchase from the Reserve Bank of
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The process of getting the POA adjudicated as per the Indian Stamp Act is called "Adjudication". All POA's issued in foreign countries, due the NRI being resident outside India have to be adjudicated to make it a legally accepted document for any
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