NRI may, without limit, purchase on repatriation basis:
NRI may, without limit, purchase on non-repatriation basis :
Note : NRIs are not permitted to invest in small savings or Public Provident Fund (PPF).
(i) funds received in India through normal banking channels by way of inward remittance from any place outside India or
(ii) funds held in any non-resident account maintained in accordance with the provisions of the Act and the regulations made by the Reserve Bank.
Note : No payment of purchase price for acquisition of immovable property shall be made either by traveller’s cheque or by foreign currency notes or by other mode other than those specifically permitted as above.
n respect of such investments, NRIs are eligible to repatriate:
Repayment of Housing Loan of NRI / PIOs by close relatives of the borrower in India
Housing Loan in rupees availed of by NRIs/ PIOs from ADs / Housing Financial Institutions in India, can be repaid by the close relatives in India of the borrower.
What are the facilities available to returning NRIs/PIO?Foreign Currency Account
Resident Foreign Currency Account