rbi Archives | Pravasi Samwad

NRO Demat Account: What NRIs Need to Know About Investing in India

Account allows NRIs to hold Indian securities using locally earned income, subject to FEMA, RBI and SEBI rules Non-Resident Indians

RBI rules allow eligible NRIs to move funds from NRO accounts to NRE accounts, subject to tax compliance and repatriation

Non-resident Indians can inherit proceeds from these savings schemes, but the money cannot automatically be transferred to a foreign bank

India’s latest foreign-currency deposit drive has raised $127.2 billion, more than twice the scale of the 2013 programme relative to

Fresh NRI deposits fell to $2.78 billion in the first quarter of FY27, while foreign-currency deposits more than doubled

Family transfers from NRIs are generally tax-exempt, but maintaining a clear record of the source and purpose of funds can

Strong demand from UAE-based Indians drives foreign-currency deposits through GIFT City, while inflows from the US and UK remain subdued

Loans backed by eligible new FCNR(B) and NRE deposits will be excluded from banks’ priority-sector lending calculations The Reserve Bank

Bankers say regulatory and tax-related issues have slowed potential inflows, even as UAE-based NRIs contribute strongly to India’s foreign currency

Latest data shows strong overseas Indian response as total foreign currency inflows cross $40 billion The Reserve Bank of India’s