Is there any limitation as to how many accounts an NRI can maintain in India?

No, there is no limitation, and an NRI can maintain multiple accounts with different banks.

Property Disputes in India- Recurrent problems and their solutions

Nowadays, a significant problem facing the NRI community is property disputes related to their Indian properties. Many NRIs own property in India. Generally, NRIs own these properties by inheritance, joint ownership with their relatives, or, lastly, because they tend to invest in real estate in India to keep in touch with their roots in India.Although […]

All about an Encumbrance Certificate (EC), an Occupancy Certificate (OC) and a Completion Certificate (CC)

Summary An encumbrance certificate serves as proof of possession of the property. When applying for a home loan or obtaining a loan against a property, an encumbrance certificate is crucial. There are two types of ECs: Form 15 and Form 16 To obtain an Encumbrance Certificate, a person must determine the period for which […]

Rights of a Grandson to the Property of a Grandfather

Summary The rights of grandson in the property of a grandfather depend on the nature of the grandfather’s property – whether it is self-acquired or ancestral property. When a property is ancestral, the grandson has a similar right to his father on his grandfather’s property. The grandson has no birth right in self-acquired property […]

The Rent Agreement: What you need to know

Summary A rent agreement is a rental contract, usually in written form, between the owner of a property (landlord) and a renter (tenant) who desires temporary possession of the property. The rent agreement document contains details about the parties and the terms and conditions of the tenancy of the property. A rent agreement has […]

Property Partition Dispute between brothers after father’s death

There are a lot of property disputes between siblings these days. It has become a bone of contention among family members to resolve property matters. In order to gain the maximum share of the property, each sibling ignores the needs of the others. There are many factors contributing to disputes, such as greed and lack […]

Is there any limitation as to how many accounts an NRI can maintain in India?

Cookies on NRI Legal Services Sites