How An NRI Does Repatriation of Funds
Living in overseas country opens gateway to gather millions as earning. Sophistication and standard lifestyle ends their hunt for it. But attachment to the native land is natural. Spending decades in foreign country evokes the feeling of homesickness. It is automatic. So, migrants have desire to make a comeback to the land of their origin. And this desire reaches at surge at the time of retirement. At that time, the need for purchasing a piece of land arises.
Need of Repatriation of funds:
Indian government has introduced services for NRIs by relaxing laws in order to invite investment. Thereby, hordes of migrants have started making investment in NRIs property management. In this procedure, repatriation of fund becomes essential. Migrants secure funds in foreign bank account. Land investment requires millions to sign a deal. So, NRIs have to make transactions from the bank accounts. If they don’t have enough money in their domestic bank account, they have to repatriate it. …
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