Posts Tagged ‘NRI’

How NRI can transfer money abroad from property sale?

How NRI can transfer money abroad from property sale?

NRI selling property in India can legally repatriate money abroad. However, it is generally seen that NRI transfer money obtained from property sell via private money transfer method or unauthorized channel. This may be due to lack of knowledge or ignorance. The private money transfer method used for transferring money earned from property sell is illegal. In this post, I will explain the rules applicable to the repatriation of a fund by NRI post property sale. How NRI can transfer […]


To do list for NRI before leaving India – Financial Checklist for NRI

To do list for NRI before leaving India – Financial Checklist for NRI

NRI means a person who works or stays outside India more than 181 days. My one of the friend has recently got H1B visa and he is flying to the USA. If he stays in the USA for next 181 days he will get NRI status. He approached me with following questions. What should he do about his bank account before leaving India? What should he do for the existing fixed deposit? What to do about existing Mutual Fund and […]


NRI guide for buying property in India

NRI guide for buying property in India

NRI always look for new Investment opportunities in India. Real Estate is one of the most preferred investment options for NRI’s. RBI also allows NRI to buy property in India however, NRI need to follow various rules and regulation while buying property in India. Let me share with you one Incident. My one of the NRI friend visited India in 2011. He was in a hurry and he wanted to invest money in property. He got a very good offer […]