A Guide For NRIs To Transfer Money To Buy Property In India

While investing in India, Non-Resident Indians (NRIs) prefer real estate when compared to other asset classes. To attract more such investments in the country, the Narendra Modi-led government had recently made it easier for NRIs to invest in Indian real estate. For instance, non-reptariable investments of NRIs in India is now considered a domestic investment. [...]

By | December 26th, 2016|Revenue|Comments Off on A Guide For NRIs To Transfer Money To Buy Property In India

NRIs have advantage in luxury market

NRIs have an advantage in luxury property market in India post-demonetisation as real estate developers in major cities of the country have ‘significantly’ dropped property rates, according to Singapore-based business analysts. “Given the recent demonetisation move, property rates have significantly dropped across various cities in India,” said Abhijit Ghosh, India Desk leader at PricewaterhouseCoopers (PwC) [...]

By | December 18th, 2016|Revenue|Comments Off on NRIs have advantage in luxury market

Demonetisation: Rules for NRIs and expats

THE sudden demonetisation of high value currency notes has come as a surprise and shock not only to Indian citizens but also to foreigners in India. The exchange of cash for Indian citizens has been suspended by banks. However, up to December 15, the government has allowed the exchange of foreign currency held by foreign [...]

By | December 14th, 2016|Revenue|Comments Off on Demonetisation: Rules for NRIs and expats

Here’s how NRIs can safeguard their money in wake of demonetisation

If you are a Non-Resident Indian (NRI) and have currency of Rs 500 and Rs 1,000 you can deposit them in your NRO account. There is no limit on how much you can deposit. The same rules will apply to these accounts as the regular savings bank accounts. So, if the deposit is more than [...]

By | December 11th, 2016|Revenue|Comments Off on Here’s how NRIs can safeguard their money in wake of demonetisation

Demonetisation: Stricter norms for NRIs

Non-resident Indians (NRIs) could run into difficulties if they possess discontinued currency notes amounting to a high value. Not only do NRIs have limited options for exchanging/ depositing old notes; in some cases, they might need to provide additional disclosures.   Foreign branches of Indian banks are not accepting the Rs 500 and Rs 1,000 [...]

By | December 10th, 2016|Revenue|Comments Off on Demonetisation: Stricter norms for NRIs

Cash woes: Government sets up panel to look into concerns of tourists, NRIs

The government has formed an inter-ministerial committee to look into concerns expressed by NRIs, tourists from abroad and foreign missions over demonetisation, the ministry of external affairs said on Thursday. While foreign missions had sought MEA's intervention to facilitate smooth collection of consular and visa fee and to allow them access to more funds, NRIs, [...]

By | November 18th, 2016|Revenue|Comments Off on Cash woes: Government sets up panel to look into concerns of tourists, NRIs

Here’s how NRIs can safeguard their money in wake of demonetisation

If you are a Non-Resident Indian (NRI) and have currency of Rs 500 and Rs 1,000 you can deposit them in your NRO account. There is no limit on how much you can deposit. The same rules will apply to these accounts as the regular savings bank accounts. So, if the deposit is more than [...]

By | November 17th, 2016|Revenue|Comments Off on Here’s how NRIs can safeguard their money in wake of demonetisation

NRIs in Gulf concerned over demonetization

As the Narendra Modi government demonetized 500 and 1,000-rupee currency notes on Nov. 8, reports from India suggest that the financial sector continues to brace itself to deal with the move’s impact. Banks and post offices were thrown open to the people on Nov. 10, after a day’s shut down for the public, and they [...]

By | November 13th, 2016|Revenue|Comments Off on NRIs in Gulf concerned over demonetization