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Accounts and Banking

Begin with your actual return purpose and date, then work through each account separately. FEMA residence is not the same as an annual NR, RNOR or ROR income-tax result. RBI calls for immediate NRE action on a qualifying return; the permitted continuation of an existing FCNR deposit to contracted maturity is a different rule. Record maturity dates, ask about eligible RFC credits, and keep written confirmation of the bank's status review. Do not treat the first ninety days or the end of RNOR as a banking grace period. The first guides below cover those return decisions. Later articles address remittances, investments and adjacent regulatory topics; their scope and verification limits still apply. A date calculator does not establish every transaction's eligibility, interest exemption or tax withholding.

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Reading Order

  1. FEMA Resident vs Income-Tax Resident: Two Different Tests

    FEMA section 2(v) governs account residence; Income-tax section 6 governs tax residence. Understand why purpose, days and earlier years can produce different answers.

    Source review: 2026-09-11; see article for scope.

  2. NRE/NRO After Return to India: When to Redesignate

    RBI calls for immediate NRE/NRO redesignation on a qualifying return. Check the trigger, resident-account options, bank steps and consequences of delay.

    Source review: 2026-09-11; see article for scope.

  3. What Happens to an FCNR FD After You Return to India?

    You need not break an existing FCNR(B) deposit on return. RBI allows it to run to maturity; compare RFC or rupees, interest treatment and the bank steps.

    Source review: 2026-09-11; see article for scope.

  4. FCNR(B) vs NRE vs NRO: Which Account Does What

    Three NRI account types, three different jobs. Where the money sits depends on currency, repatriation need, and what counts as your income source.

    Source verification not yet recorded.

  5. NRE vs NRO Fixed Deposit Interest: How the Tax Treatment Actually Works

    NRE FD interest is exempt while you are FEMA-non-resident. NRO FD interest is taxed at 30% plus surcharge and cess unless a DTAA-based lower-rate certificate is in place. The mechanics, the statute, and what changes the day you become resident.

    Source verification not yet recorded.

  6. FEMA Compounding Explained for NRIs and Returnees

    RBI compounding orders make news when corporates pay crores. The same regime applies to individuals who tripped FEMA — late filings, redesignation gaps, property paperwork. Here is how compounding actually works.

    Source verification not yet recorded.

  7. LRS June 2026 Surge: A Primer for NRIs, Returnees, and First-Year Residents

    Outward remittances under the Liberalised Remittance Scheme touched about 2.5 billion dollars in June 2026, roughly a fifth higher than a year earlier. Here is what LRS is, who can use it, what the TCS bite looks like under Section 206C(1G), and where NRIs sit in this picture — grounded in RBI, CBDT, and Income-tax Act primary sources.

    Source verification not yet recorded.

  8. Can NRIs Buy RBI Floating Rate Bonds Before Returning?

    Check the residency eligibility for RBI Floating Rate Savings Bonds (Taxable), what changes on return and why NRI status alone does not qualify a new investment.

    Source verification not yet recorded.

  9. Draft Foreign Investment Rules, 2026: What RBI Actually Placed for Public Comment (and What NRIs/OCIs Should Not Assume Yet)

    On July 21, 2026, RBI released a draft rationalisation of the NDI Rules, 2019 for public comment. Media headlines are already calling this an 'easing' of NRI/OCI investment rules. Here is what the primary source actually says, and what is not in it.

    Source verification not yet recorded.

  10. FEMA 395(4) 2026: NRI & OCI Mode of Payment Rules

    How the 2026 FEMA 395(4) rules change permitted modes of payment for NRI and OCI investment - which accounts qualify, what is no longer allowed, and the reporting that follows.

    Source verification not yet recorded.

  11. FEMA 395(4): LEC, FC-GPR and FC-TRS Reporting in 2026

    The 2026 reporting obligations under FEMA 395(4) - which of LEC(FII), FC-GPR and FC-TRS applies to your transaction, who files, and the deadlines that carry penalties.

    Source verification not yet recorded.

  12. Schedule XI Under FEMA 395(4)/2026-RB: The International Exchanges Listing Route, Mode of Payment, and Sale Proceeds

    FEMA 395(4)/2026-RB rewrote not just Schedule III (the NRI/OCI repatriable basket) but also Schedule XI of the Mode of Payment and Reporting of Non-Debt Instruments Regulations, 2019. Schedule XI governs the lesser-known Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme, operated through IFSC exchanges in GIFT City. This explainer walks through who the scheme is for, what a Permissible Holder is, what counts as a recognised International Exchange today, and how the substituted Schedule XI language defines mode of payment and remittance of sale proceeds.

    Source verification not yet recorded.

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