The Indian government promotes investments from the Non Resident Indians (NRIs) in India. The investments are always welcomed especially as the NRIs staying abroad earn in dollars, pounds, and more and are likely to make investments amounting to a sizeable figure in the home country to avail the advantage of doing the same. Generally, the NRIs residing in USA, Europe, Australia and Middle East make such investments in keeping with their high earning in their resident country.
The NRIs having planned their finances well, take the advantage of weaker Indian rupee compared to currency value of their resident country and invest in India. The Indian government supports them by providing them various investment options.NRIs holding an NRI account in India, should be well aware of the repatriation rules before undertaking investment options in India. Repatriation rules are different for different investment options in India.In repatriation basis, the profits of the NRI can be transferred back to the foreign country, whereas in the non-repatriation basis, profits cannot be transferred back to the foreign country.NRI account in India
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