Facilities available to NRIs, PIO for investment in India
I. Bank Accounts and Deposits


a) Non-Resident (External) Rupee (NRE) Accounts (Principal/ Interest Repatriable)

b) FCNR (B) (Principal/ Interest Repatriable)

c) NRO Accounts (Current earnings repatriable)

d) Repatriation from NRO balances

II. Other Investments on repatriation basis

III. Other Investments on non-repatriation basis

IV. Investment in immovable Property

V. Facilities to returning NRIs/ PIO

FAQ's


Do non-resident Indian nationals require permission of the Reserve Bank of India to acquire

residential/commercial property in India?

Are foreign nationals of Indian origin allowed to purchase immovable property in India?

What should be the method of payment for purchasing residential immovable property in India

by foreign nationals of Indian origin under the general permission?

Are there any formalities to be completed by foreign nationals of Indian origin for purchasing

residential immovable property in India?

Can such property be sold without the permission of the Reserve Bank of India?

Can the rental income from such property be remitted outside India?

Can sale proceeds of such property if and when sold be remitted out of India?

What are the conditions required to be fulfilled for repatriation of sale proceeds?

What is the procedure for seeking such repatriation?

Can foreign citizens of Indian origin acquire or dispose of residential property by way of gifting it?

Can foreign citizens of Indian origin acquire commercial properties in India?

Can they dispose of such properties?

Can sale proceeds of such property be remitted out of India?

Can the properties (residential/commercial) be given on rent if not required for immediate use?

Can NRIs obtain loans for acquisition of a house/flat for residential purpose from financial

institutions providing housing finance?

Can an dealer grant loans to NRIs for acquisition of a flat/house for residential purposes?

Can Indian companies grant loans to their NRI staff?

Can an dealer grant housing loan to non-residents of Indian nationality where he is a principal

borrower with his resident close relative as a co-obligate/guarantor, or where the land is owned

jointly by such NRI borrower with his resident close relative?

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