STI NEWS;"GIFT TRANSFER TO NRI RAISED BY RBI"plus 1 more

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GIFT TRANSFER TO NRI RAISED BY RBI Posted: 16 Sep 2011 08:45 PM PDT The Reserve Bank of India on Thursday announced several relaxations in the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000, which will benefit resident and non-resident Indians (NRIs). It has... ...... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NRI can now be joint account holder Posted: 16 Sep 2011 08:42 PM PDT The Reserve Bank of India (RBI) on Thursday announced modification of norms relating to bank accounts held by the non-resident Indians (NRI) and persons of Indian origin (PIO) in India. This comes in the wake of recommendations of a committee constituted to review facilities for individuals under the Foreign Exchange Management Act (Fema), 1999. According to the RBI's notification, a permanent [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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