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.

Family Settlement Agreement to resolve NRI property disputes

Summary NRIs face hardship in resolving property disputes in India while sitting abroad. Most of the NRI property disputes revolve around inheritance, distribution or demarcation of ancestral properties amongst family members. NRIs can enter into a Family Settlement Agreement (FSA) instead of contesting long-drawn litigation battles in the Court. All members must voluntarily enter […]

Filing Claim Against the Property Developer – Taking Legal Action

IntroductionPurchasing a property is a significant milestone for most individuals. However, the path to property ownership can be challenging, and issues with property developers can arise, leading to the need for legal action. Understanding the essential factors to consider when filing a claim against a property developer is crucial to ensure your rights are protected, […]

Steps to take when your NRI property in India is illegally occupied

Any property situated in India which has been purchased or inherited by any NRI is called NRI Property. And when such property gets encroached by any other person, in other words, when forceful possession of the property is taken by a stranger only with the intention to grab the property of the legal owner, then […]

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

Introduction: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 […]

How NRIs in the US and Canada have to pay tax on capital gains from Indian mutual funds

NRIs from USA/Canada facing compliance considerations, if they wish to invest in India, differ from those from other countries. There are many AMCs (Asset Management Companies) in India that allow USA and Canada NRIs to invest in mutual funds in an easy and hassle-free manner. Let’s understand the rules governing USA/Canada NRI investments in India.  […]

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

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