Banking, financial and repatriation services for NRIs

We provide a full range of services to our clients in relation to their banking, equity investments, investments in different Government of India bonds (National Savings Certificates, Indira Vikas Patra, Kisan Vikas Patra, to mention a few), and savings kept with Indian Post Offices. One of the main issues with NRIs, or members of the Indian diaspora, who live overseas is managing requirements relating to these monies stored in banks or investments in the various types of securities mentioned above.

Typically, NRIs hold these transportable assets either directly or through their parents, grandparents, or both. The majority of these funds are classified as legacy funds or savings since they are kept in banks or long-held financial instruments. The operational and current status of such monies held in legacy accounts or instruments has not been maintained. In the end, NRIs seek access to these funds and use repatriation services to transfer these funds to their home nation.

In addition to the aforementioned facts, the recent liberalization and increasing digitalization of the Indian economy have sped up the growth of the laws and regulations controlling bank accounts, bonds, stocks, and other types of savings in India. India has now caught up with the most recent best practices used around the world and the standards involved in maintaining such accounts and investments. Due to this, many investments have either gone inactive or have been frozen, rendering them inaccessible to NRIs or the legitimate successors of the original account holders.

Our banking, financial, and repatriation services assist in resolving the aforementioned problems from beginning to end with a 360-degree closure loop.

Among our main services are the following:

– Activation of Dormant Bank Accounts.

– Complete assistance for clients to acquire all mandatory paperwork and IDs without which no financial transaction can be concluded, such as PAN Card.

– Opening of new Bank Accounts as per the status of the client – such as NRE or NRO accounts.

– Activation and retrieval of funds held in Accounts that are non-operational for more than 10 years, which are termed as D.E.A.F (Depositor Education & Awareness Fund) accounts and the funds are moved from the Bank to the Reserve Bank of India.

– Completion of all Know Your Customer (KYC) requirements with regards to Bank accounts/Equities/Bonds/Post Office Accounts.

– Conversion of equities held in physical form into Demat form, along with the opening of a Demat account and regularizing of Bank Accounts linked to Demat accounts.

– A complete suite of repatriation services to repatriate funds held in Bank Accounts/Demat Accounts/Post Office, to the country of residence of our client with full compliance of all Government of India rules and regulations.


Can an NRI grant a resident of India power of attorney to repatriate his funds?

For the aforementioned purposes, an NRI may sign a Special Power of Attorney in favour of a local.

Can one or more NRIs hold joint accounts with you?


Can a deceased person's repatriation be carried out?

No, the money cannot be moved to a deceased person’s account.

If a UK citizen just possesses a National Insurance Number and not a PAN Card, can the money still be repatriated?

Even if you already have a National Insurance Number, you must have a PAN card in order to return to India.

How much money can someone repatriate?

An NRI can easily transfer any amount from his NRE and FCNR accounts because there is no such upper transaction restriction. However, it should be noted that an NRI who satisfies the qualifying requirements can only transfer up to USD 1,000,000 from the balances of an NRO account.

Can the money be transferred to the account of a different account holder if one joint account holder (Either or Survivor) passes away?

Yes, if you have a shared (Either or Survivor) account, in that case, the funds can be repatriated to the remaining holder’s account if one holder has passed away.

Can the repatriation be done without the original bank documents?

For repatriation, original bank documents are required in order to start and finish the process.

Is there a cap on the number of accounts an NRI can have in India?

There is no restriction, and an NRI is free to hold multiple accounts with various banks.

Is there a clause allowing an NRI to register a joint account with local Indian residents?

It is simple for an NRI to register a joint account with close relatives in India.

What paperwork must an NRI provide in order to open an NRO account?

Identity evidence and address proof are the two pieces of documents that NRIs and PIOs commonly demand. Valid passports, evidence of their foreign addresses, and documentation of their income, such as form 60, are all required. A passport-size photo and documentation of PIO or NRI status are also required as part of the process to confirm that a person is qualified to open an NRO account in India. These papers must be attested at the closest Indian embassy, notary public, or overseas branch of an Indian bank in the resident’s country. Also, the mandatory requirement is that the NRI must be having PAN Card in India.

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