A foreign passport holder is deemed to be of Indian Origin if: 1) he held an Indian Passport at any time or ii) he or is father or paternal grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955. However this does not apply to citizens of Pakistan , Bangladesh , Afghanistan , Bhutan , Sri Lanka or Nepal .

A foreign citizen is deemed to be of Indian origin, if he, at any time, was an Indian citizen or either of his parents or any of his grandparents was a citizen of India. The spouse of an NRI is also treated as an NRI for the purpose of opening and maintaining bank accounts and making investments in shares/ securities in India. Citizens of Pakistan and Bangladesh are not eligible for this status. See similar questions...

Ans. Yes. See similar questions...

per current guidelines of the Reserve Bank of India persons of Indian origin holding foreign passports are eligible for loans with the bank. Back To Top The repayment capacity of the applicant(s) based on Resident status is reassessed and a revised repayment schedule worked out. The new rate of interest will be as per the currently applicable rate of Resident Indian loans (for that specific loan product). See similar questions...

Ans. Yes. Reserve Bank has granted general permission to foreign citizens of Indian origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin whether resident in India or not,provided gift tax has been paid. See similar questions...

Ans. Yes, foreign nationals of Indian origin, whether resident in India or abroad, have been granted general permission to purchase immovable property in India Ans. The purchase consideration should be met either out of funds from NRE/FCNR accounts maintained with banks in India or out of inward remittances in foreign exchange through normal banking channels. Ans. See similar questions...

A.8 Yes. A Foreign National of non-Indian origin including a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan may acquire only residential accommodation on lease, not exceeding five years for which he / she does not require prior permission of Reserve Bank of India. A.9 No. A person resident outside India cannot acquire by way of purchase agricultural land / plantation property / farm house in India. A.10 Yes. See similar questions...

quot;Persons of Indian Origin" means a foreign citizen (not being a citizen of Pakistan, Bangladesh and other countries as may be specified by the Central Government from time to time) if, He/she or either of his/her parents or grand parents or great grand parents was born in and permanently resident in India as defined in the Government of India Act, 1935 and other territories that became part of India, thereafter provided neither was at any time a citizen of any of the aforesaid countries. See similar questions...

For investments in immovable properties A foreign citizen (other than a citizen of Pakistan, Bangladesh, Afghanistan, China, Iran, Bhutan, Sri Lanka, or Nepal) is deemed to be of Indian origin if, (I) he held an Indian passport at any time, or (ii) he or his father or paternal grand-father was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955). See similar questions...