The Foreign Exchange Management Act (FEMA) governs all financial transactions between India and foreign countries. For Non-Resident Indians (NRIs), FEMA rules define how money can be transferred, invested, and managed in India.
Many NRIs face confusion around bank accounts, repatriation limits, property investments, and compliance requirements. Misunderstanding these rules can lead to penalties or blocked transactions.
We provide structured guidance to help NRIs comply with FEMA regulations, ensuring smooth financial transactions and full regulatory compliance.
An individual is treated as NRI if they stay outside India for more than 182 days in a financial year under FEMA. :contentReference[oaicite:0]{index=0}
NRIs must convert resident accounts into NRE, NRO, or FCNR accounts and cannot continue regular savings accounts. :contentReference[oaicite:1]{index=1}
Funds in NRE/FCNR accounts are freely repatriable, while NRO accounts have a limit of USD 1 million per year. :contentReference[oaicite:2]{index=2}
NRIs can buy residential and commercial property but cannot purchase agricultural land or farmhouses. :contentReference[oaicite:3]{index=3}
NRIs can invest in shares, mutual funds, and businesses under FEMA guidelines with proper compliance.
Money can be sent to India for family support, investments, education, and medical purposes, subject to FEMA conditions. :contentReference[oaicite:4]{index=4}
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