How much money can an NRI transfer from India in one year?
As of my last update, Non-Resident Indians (NRIs) can transfer up to $1 million USD per financial year from India, subject to certain conditions and regulations imposed by the Reserve Bank of India (RBI). These regulations include documentation requirements, reasons for the transfer, and compliance with anti-money laundering laws. Additionally, NRIs are advised to consult with their respective banks and financial advisors to ensure compliance with current regulations and to understand any changes that may have occurred since my last update. Non-Resident Indians (NRIs) are subject to certain restrictions and regulations when transferring money from India. As of my last update, NRIs can transfer up to $1 million USD per financial year from India, subject to the guidelines set by the Reserve Bank of India (RBI). This limit applies to various types of transactions, including repatriation of funds from the sale of assets such as property or investments, remittances for family maintena...