What facilities are offered to returning Indians?
A returning NRI is allowed to retain the assets, which he has acquired abroad, even after he has returned to India for good. The assets include bank deposits, shares, securities, business and immovable properties. The only requirement is that he should have stayed abroad continuously for at least one year.He can also open a resident foreign currency account (RFC) with banks in India. If he has returned in less than a year, he needs to obtain the RBI’s permission first.
