|
Non Resident Indian |
No RBI Approval required |
No RBI Approval required |
a) Direct remittance NRO / NRE A/c
b) Loans against NRE / FCNR Deposits for
Residential House only |
No RBI approval required |
Repatriation of sale Proceeds equivalent to the
Original Investment is permitted for a maximum
of two houses as well as Commercial Property
after 3 years of acquisition (i.e. possession)
or payment of last installment, whichever is
later , provided the investment is out of direct
remittance or NRE/FCNR account. Form IPI 8 to be
submitted to RBI within 90 days of sale of the
property. |
|
Foreign citizen of Indian origin |
No prior RBI approval only intimation to RBI in
Form IPI-7 within 90 days of purchase (Press
Release dated 8/1/1992) |
No RBI approval required Intimation to RBI in
Form IPI-7 within 90 days of purchase (08/06/93
Circular) |
a) Out of NRE / FCNR a/c or Foreign remittance
b) Loans against NRE/ FCNR Deposits for
Residential House only
c) With prior approval of RBI from NRO Account |
No RBI approval required |
Repatriation of sale Proceeds equivalent to the
Original Investment is permitted for a maximum
of two houses as well as Commercial Property
after 3 years of acquisition (i.e. possession)
or payment of last installment, whichever is
later , provided the investment is out of direct
remittance or NRE / FCNR account. Form IPI 8 to
be submitted to RBI within 90 days of sale of
the property. |
OCB
a) Controlled by NRI 60%
b) Others
|
a) RBI approval required
b) RBI approval required |
a) RBI approval required
b) RBI approval required |
a) Direct remittance
b) Direct remittance |
a) No RBI approval required
b) No RBI approval required |
a) Non Repatriable
b) Non Repatriable |
