Facilities to NRIs/PIOs and Foreign Nationals - Liberalisation

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..... to NRIs/PIOs and Foreign Nationals - Liberalisation A. Facilities to NRIs/PIOs Attention of authorised dealers is invited to the following AP (DIR Series) Circulars on the subject : (i) AP(DIR Series) Circular No.1 dated July 2, 2002. (ii) AP(DIR Series) Circular No.19 dated September 12, 2002. 2. At present, authorised dealers are allowed to repatriate funds held by NRIs/PIOs in th .....

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..... USD 1 million per calendar year. Accordingly, it will be in order for authorised dealers to allow remittance/s upto USD 1 million, out of balances held in NRO accounts/sale proceeds of assets, on production of an undertaking and certificate by a person making the remittance, as stipulated in A.P. (DIR Series) Circular No.27 dated September 28, 2002 read with A.P. (DIR Series) Circular No.56 dated .....

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