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Banking Services For Nris In India
  1. What are the special features of each bank account?

  2. Can Non Resident accounts be opened/ operated by the Power of Attorney holder in India, on behalf of the non-resident?

  3. What happens to the status of these accounts when the non-resident holder becomes a person, resident in India?

  4. What are the various facilities available to NRIs/OCBs?

  5. Are NRIs permitted to send remittances outside India out of the assets in India that are inherited by them?

  6. Can a person of Indian origin acquire any immovable property in India by way of inheritance?

  7. Can NRIs and Overseas Corporate Bodies (OCBs) invest in India?

  8. What is the extent and application of Foreign Exchange Management Act (FEMA)?

  9. What is the penalty for contravention of FEMA?

  10. Can a person of Indian origin resident outside India gift properties acquired earlier in terms of the provisions of FERA/FEMA?

  11. Can an NRI account be opened in the name of crew members of shipping companies?




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