Repatriation of funds by NRIs � RBI Guidelines, Documents and Tax implications

Nri Legal Services14 Jun, 2024Legal

Despite moving overseas, NRIs remain connected to their roots in some form or another. For example, the NRIs often have to take care of their near and dear ones or ancestral properties in India. In another scenario, NRIs earn passive income such as rent and investments in India, and they need this money in their country of residence. As a result, they often need to transfer money from abroad to India or vice versa, a process which can be made easier and more secure if NRIs know the rules regarding the repatriation of funds.