In accordance with the Foreign Exchange Management Act, 1999, a resident outside India is not allowed to hold a savings account in India. When a person resident in India leaves for: Employment outside India; or...Read More

Non-Resident Individuals (NRIs) contribution to India’s financial, social and economic condition is significant. Inward remittances by NRI either through remittances or investments augment the foreign exchange reserves of India and strengthen the national savings. The...Read More