OIFC NRI Queries: View FAQs

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Investment Instruments

FAQs

Investment Instruments

Direct Investment

Q I am a PIO card holder. I need information to buy residential land in India regarding process steps, loans and the interest rate in India, taxes and related legal information?

Published on: May 10, 2013, Last updated on: May 10, 2013
Categories:Investment Instruments, Direct Investment, Real Estate , Source: Knowledge Partner

Q I am an OCI card holder from Iran. I would like to invest 10 lacs. Can you help me either to buy property or invest in any other place?

Published on: May 09, 2013, Last updated on: May 09, 2013
Categories:Investment Instruments, Direct Investment, Real Estate , Source: Knowledge Partner

Q The company is an Australian based Self Manager Super Fund (similar to Provident Fund). Can this company invest in residential or commercial property for investment and rental purpose?

Published on: May 03, 2013, Last updated on: May 03, 2013
Categories:Investment Instruments, Direct Investment, Real Estate , Source: Knowledge Partner

Q I want to set up a textile spinning plant. It would be a Private Limited Company with 50/50 partnership with my wife. I will apply for the DIN no as NRI, please advice if I need to take any other special permission?

Published on: May 02, 2013, Last updated on: May 02, 2013
Categories:Direct Investment, Functional Areas, Doing Business in India , Source: Knowledge Partner

Q Can an NRI buy agricultural land in India?

Published on: May 01, 2013, Last updated on: May 01, 2013
Categories:Investment Instruments, Direct Investment, Real Estate , Source: Knowledge Partner

Q What are the procedures to open NRI/NRO account ? What is the difference between the two?

Published on: Apr 19, 2013, Last updated on: Apr 19, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Knowledge Partner

Q I just want to know the best secured return in any kind of investment. Would invest 1 million Indian Rupees.

Published on: Apr 12, 2013, Last updated on: Apr 12, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q In case an Indian Citizen becomes a citizen of a different country then what happens to his property in India or investment in India in terms of PPF, NSC, Bank Deposits?

Published on: Apr 09, 2013, Last updated on: Apr 09, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Knowledge Partner

Q Which bank is the best to open for foreign currency investment in India?

Published on: Apr 08, 2013, Last updated on: Apr 08, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Knowledge Partner

Q I have transferred money from NRE account to NRO account and placed it in fixed deposit. Can this money (principle) be reverted back again to NRE account?

Published on: Apr 05, 2013, Last updated on: Apr 05, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q What is long term Infrastructure Bonds for NRE Account? How much interest does it yield?

Published on: Mar 14, 2013, Last updated on: Mar 14, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q I would like to settle down in Mumbai after I retire from my present job in Bahrain. Please advise me how I can best utilize my NRI deposits to reap regular monthly income for my expenses.

Published on: Mar 11, 2013, Last updated on: Mar 11, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q I am an NRI in UAE and am going to retire. My son & daughter both are NRI living in USA. Can I keep joint NRI-FCNR bank account with my son or daughter after my return back to India?

Published on: Mar 01, 2013, Last updated on: Mar 01, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q I am planning to retire and settle down in India. I want to invest in bank deposits. How much interest will I get?

Published on: Feb 25, 2013, Last updated on: Feb 25, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q I have worked in India for 15 years and am now in Oman. Recently, I have received my retirement benefits and have credited them to my saving account in India. Would like to know whether I can transfer them to my NRI account in India?

Published on: Feb 21, 2013, Last updated on: Feb 21, 2013
Categories:Investment Instruments, Direct Investment, Taxation , Source: Premium Knowledge Partner

Q I am an OCI card holder. I would like to invest in an asset reconstruction company as a shareholder and a director of that company. What are the requirements? The Registered office is in Andhra Pradesh. I will invest INR 30,00,000 as a shareholder.

Published on: Feb 19, 2013, Last updated on: Feb 19, 2013
Categories:Direct Investment, Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I am an NRI living abroad. Can I make fixed deposit in India in INR(NRE) in the name of my children? What is the highest limit for making fixed deposit and will there be any enquiry for source of income in future?

Published on: Feb 18, 2013, Last updated on: Feb 18, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q Is it necessary to present buyer and seller at the time of property registration? For NRIs is there any alternate way to register a sale dead ?

Published on: Feb 06, 2013, Last updated on: Feb 06, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Knowledge Partner

Q I am an NRI and a senior citizen working in the Gulf for the past 15 years. I am planning to return to India in 3 months. What are the best options for investment to minimise tax?

Published on: Feb 01, 2013, Last updated on: Feb 01, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Knowledge Partner

Q I want to purchase a flat in Bangalore. How to process the payments and registration without visiting India? 1) Can I send money to my sister's account? Will it cause her any tax problem? 2) How to get POA and will it need any kind of registration?

Published on: Jan 18, 2013, Last updated on: Jan 18, 2013
Categories:Investment Instruments, Direct Investment, Real Estate

Q I have INR 20 lacs in my NRO account. Now I want to transfer that amount into my NRE account for making fixed deposit.

Published on: Jan 17, 2013, Last updated on: Jan 17, 2013
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q I just want to know the best secured return in any kind of investment in India. Would like to invest 10 lacs INR. Please let me know the various options available.

Published on: Dec 31, 2012, Last updated on: Dec 31, 2012
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q I would like to invest INR 10 lakhs on a fixed monthly income. Please let me know the highest return options with low capital risk.

Published on: Dec 27, 2012, Last updated on: Dec 27, 2012
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q How to open an NRI account in Saudi Arabia? I do not have any NRI account. Please guide me.

Published on: Dec 26, 2012, Last updated on: Dec 26, 2012
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner

Q Please let me know if I come back to India can I convert and withdraw in dollars the amount which is in my NRO account? How much tax is applicable on foreign currency deposit?

Published on: Dec 24, 2012, Last updated on: Dec 24, 2012
Categories:Investment Sectors, Investment Instruments, Direct Investment , Source: Premium Knowledge Partner