Sunday, August 13, 2023

BANKING

The Reserve Bank of India (RBI) has reportedly rejected requests from Indians abroad to move money from banks and sell inherited assets above the $1 million allowed limit per financial year. This tightening of regulations has impacted non-resident Indians and those of Indian origin, causing hardship and limiting inheritance planning for some.

from Banking/Finance-Industry-Economic Times https://ift.tt/a9YEKCW
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