Many NRIs don't realise they can give loans or make deposits with family members, businesses, or companies back in India. But the RBI has very specific rules depending on the currency, the recipient, and the purpose. Get it wrong and you could violate FEMA re… For the full story, visit the source.
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How NRIs can send money to family and businesses in India but one wrong step violates FEMA
Many NRIs don't realise they can give loans or make deposits with family members, businesses, or companies back in India. But the RBI has very specific rules depending on the currency, the recipient, and the purpose. Get it wrong and you could violate FEMA re…
By ET Online· Economictimes.com· 10 days ago· 2 min read
This summary is sourced from Economictimes.com. Read the full article at:Economictimes.com