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NRIs Returning to India

 

Facilities to returning NRIs

Tags : nri, nri india, nris, indian nri, nri in india, nri investment, non resident indian
Industry : Management & Strategy Consulting
Functional Area : India
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About "Facilities to returning NRIs" topic:

Under the RBI guidelines, facilities available to returning NRIs/ PIO is that, they may continue to hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India, if such currency, security or property was acquired, held or owned when resident outside India. So what are the other facilities that are there. Do share your views on them

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Dayanand Deshpande  |  Argues in support of  "Yes"  |  3 years ago
Sudeep Amit, many NRIs too are affected by financial crisis. However, there are many Indians abroad who will be not having jobs. I don't see much remittances flowing back. And in case of a ‘cash-surplus’ NRI, he/she would not find it an extremely...
amit chaudhry  |  Argues in support of  "No"  |  3 years ago
yes sudeep i agree with you, Indian banks are considered much ‘safer’ options to keep money since the recent crisis; interest rates overseas are abysmally low coupled with the fact that the RBI too had increased NRE deposit rates, making it more...
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The provisions relating to booking of forward contracts by Foreign Institutional Investors ( FIIs) and Non Resident Indians (NRIs) have been relaxed significantly  by RBI in the recent times. FOR FII s AD Banks maintaining the accounts of FIIs provide forward cover with rupee as one of the currencies subject to the following : a) hedging allowed up to market value of the entire investment by FII in equity and / or debt in India as on a particular date. In case hedge amount subsequently exceeds the underlying on account of shrinking of portfolio ( for reasons other than sale of securities), the hedge will be allowed to continue till maturity, if so desired. b) Forward contracts, once cancell...
 
 
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