Q1012. Can foreigner resident in India maintain foreign bank account?
Question: Can a foreign citizen of Indian origin continue to maintain his foreign bank accounts while resident in India?
Answer: A person resident in India may maintain a foreign currency account outside India if he had opened it when he was resident outside India or inherited it from a person resident outside India [https://www.rbi.org.in/scripts/FAQView.aspx?Id=69]
Information by Virendar Chand
Disclaimer
Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com