Articles
Govt Notifications /Circulars
Annexure -5 PRESS RELEASE OF GOVERNMENT OF INDIA Ministry of Finance February 1, 2009 Government’s adv...
Annexure -5   PRESS RELEASE OF GOVERNMENT OF INDIA Ministry of Finance February 1, 2009 Annexure -5   PRESS RELEASE OF GOVERNMENT OF INDIA Ministry of Finance February 1, 2009 Government’s advice on acquiring land by persons residing outside India 15:8 IST Government of India has advised State Governments to be extra vigilant in matters of acquisition and transfer of immovable property in India by a person resident outside India and satisfy themselves about the eligibility under ...
Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals ...
Annexure – 4  Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin RBI/2013-14/4 Master Circular No. 4/2013-14 July 1, 2013 To, All Category - I Authorised Dealer banks Madam / Sir, Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin Acquisition and transfer of immova...
Restriction for NRI's for opening an account in PPF scheme
Annexure – 3  Restriction for NRI's for opening an account in PPF scheme, post office saving bank and purchase National Saving Certificates.   . Foreign Exchange Management Act   Restriction for NRI's for opening an account in PPF scheme, post office saving bank and purchase National Saving Certificates. July 25, 2003    PUBLIC PROVIDENT FUND (AMENDMENT) SCHEME, 2003 Notification No. G.S.R. 585(E), dated 25-7-2003 In exercise of the powers conferred by sub-secti...
Conditions for Opening of NRO accounts by individuals of Bangladesh Nationality without RBI approval
Anexure – 2   Conditions for Opening of NRO accounts by individuals of Bangladesh Nationality without RBI approval RBI/2012-13/414 A.P.(DIR Series) Circular No. 82                                                    February 11, 2013 To All Authoris...
Non-Resident Ordinary Rupee (NRO) Account – RBI Master Circular
Annexure – I    Non-Resident Ordinary Rupee (NRO) Account – RBI Master Circular Master Circular on Non-Resident Ordinary Rupee (NRO) Account RBI/2013-14/2 Master Circular No.2 /2013-14 July 1, 2013 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Circular on Non-Resident Ordina...
Finance Ministry Notifies revised PPF Investment limit of Rs. 1,50,000/-
Finance Ministry Notifies revised PPF Investment limit of Rs. 1,50,000/-   THE GAZETTE OF INDIA : EXTRAORDINARY       [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 13th August, 2014 G.S.R. 588 (E). — In exercise of the powers conferred by sub-section (4) of Section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby makes the following further amendment...
RBI allows NRIs to transfer funds from NRO to NRE account
Annexure -23   RBI allows NRIs to transfer funds from NRO to NRE account The Reserve Bank allowed non-resident Indians (NRIs) to transfer funds from non-resident ordinary (NRO) account to Non-Resident External (NRE) account subject to a ceiling of $1 million in a financial year. In May 2012, the Reserve Bank of India allowed, Non Resident Indians (NRIs) to transfer money from non-resident ordinary (NRO) to non- resident external (NRO) accounts. Prior to that the only mechanism to transfer money into NRE acc...
RBI ups limit on inward remittances
Annexure -22  RBI ups limit on inward remittances Foreign Remittances – RBI ups limit of inward remittance to 30 in a year The Reserve Bank of India (RBI) on Friday raised the limit on the number of foreign remittances an individual can receive from 12 to 30 per calendar year. However, the cap on the amount of each transaction has been kept unchanged at $2,500 per person.  This had been a long-standing demand from money transfer agents who had received such requests from customers. According to expe...
Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014
Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014 With a view to providing greater convenience to tax payers, it has been decided that all designated branches of agency banks and RBI Offices conducting government business will keep their counters open for extended hours on Saturday, March 29, and Monday, March 31, 2014 till 8.00 p.m. This arrangement will apply where March 31, 2014, has not been declared as a public holiday. On Sunday, March 30, 2014, and on Monday, March 31, 2014 (at...
RBI notification on withdrawal of all old series note prior to 2005
RBI notification on withdrawal of all old series note prior to 2005 Reserve bank of India issued a notification on 3 March 2014 about withdrawal of old series notes prior to 2005. Full note is as under. Please refer to our circular DCM (Plg) No. G-17/3231/10.27.00/2013-14 dated January 23, 2014 on the captioned subject which was followed by a Press Release on January 24, 2014 (copy enclosed). 2. On a review of the matter, it has been decided to extend the date for exchanging the pre-2005 banknotes to Janu...

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