New RBI rules for the repatriation of sale proceeds for NRIs: A 2026 guide to managing money between India and abroad
In 2026, one of the most common problems faced by NRIs is not merely taxation or property ownership disputes but difficulties in complying with RBI documentation requirements while transferring funds. Many NRIs are surprised to learn that selling a property does not automatically mean they can immediately transfer the entire sale proceeds abroad. Banks require […]
BANK ACCOUNT OPTIONS FOR NRIs – NRE, NRO and FCNR
NRIs have a lot of options with regards to opening a bank account in India. NRIs/OCIs can open the following types of accounts in the Indian banks: Rupee Accounts: Non-Resident (Ordinary) Account – NRO. Non-Resident (External) Rupee Account – NRE. Foreign Currency Accounts: Non-Resident (Foreign Currency) Account – FCNR Here is an infographic showing the […]