NRIs and PIOs knock on RBI’s doors to transfer inheritance
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.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
