There was a time when money could not be transferred abroad from India without NRIs going through a lot of difficulties. However, things have changed for the better. Money that is legally owned and accounted for can be easily remitted abroad from India through normal banking channels in a safe and legal manner.
Foreign Exchange Management Act (FEMA) allows you to transfer/invest in Indian currency or any immovable property situated in India, if you were a resident of India at the time of its ownership or if you inherited the same from a resident of India. But there are certain compliances that need to be completed and forms that need to be filled before you can repatriate the funds abroad. Similarly while bringing the money into India there might be RBI compliances that need to be completed. We make it easier for you by guiding you with the do’s and don’ts of FEMA and assist you throughout the whole process.