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Can NRIs send drafts issued by Exchange Houses for acquisition of residential flats in India?

April 26, 2017acquisition drafts exchange flats houses India issued NRIs Residential send

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Can NRIs send drafts issued by Exchange Houses for acquisition of residential flats in India?

7 Answers

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• Yes. NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate develops for acquisition of residential flats in India in individual names. • Can NRIs remit premia on policies issued by the Life Insurance Corporation of India by means of drafts issued by Exchange Houses in favour of the Corporation? • Yes. • Can NRIs remit tuition/boarding/examination fees of their children studying in India by means of drafts issued by Exchange Houses in favour of schools, colleges, universities, technical and educational institutions in India? • Yes. • Can NRIs take out of India precious stones or jewellery purchased by them during their visit to India? • Yes. NRIs can take out of India precious stones and jewellery (both gold and non-gold) purchased by them in India, without any limit, provided the purchase is made against payment in any convertible foreign currency. • Can assets held in India by NRIs prior to their becoming non-resident be repatriated outsid

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Yes. NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate developers for acquisition of residential flats in India in individual names.

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Ans. Yes. NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate developers for acquisition of residential flats in India in individual names.

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Yes. NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate develops for acquisition of residential flats in India in individual names.

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Posted

Ans. Yes. NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate developers for acquisition of residential flats in India in individual names. Q.