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Facilities for Returning Indians |
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May continue to hold, own, transfer or invest in foreign
currency, foreign security or any immovable property
situated outside India, if such currency, security or
property was acquired, held or owned when resident outside
India.
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May open, hold and maintain with an authorised dealer
in India a Resident Foreign Currency (RFC) Account to
transfer balances held in NRE/FCNR(B) accounts. Proceeds
of assets held outside India at the time of return,
can be credited to RFC account. The funds in RFC accounts
are free from all restrictions regarding utilisation
of foreign currency balances including any restriction
on investment in any form outside India.
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