Myth Busters
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Property Ownership
Property Ownership
Property Ownership
Myth
NRIs cannot buy property in India.
Fact
NRIs can buy residential and commercial property, but not agricultural land, plantation, or farmhouses (unless RBI permits).
Voting
Property Ownership
Property Ownership
Myth
NRIs can vote in Indian elections.
Fact
NRIs cannot vote in person, but they can vote via postal ballots in certain cases if registered as overseas voters under the Representation of the People Act
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Bank Accounts
Bank Accounts
Bank Accounts
Myth
NRIs must close Indian bank accounts.
Fact
NRIs can maintain bank accounts in India, but they must convert regular savings accounts to NRO/NRE/FCNR accounts, depending on the source and repatriation requirements.
Inheritance
Bank Accounts
Bank Accounts
Myth
NRIs lose inheritance rights.
Fact
NRIs retain the right to inherit property from family members in India, just like Indian residents. Wills and succession laws apply irrespective of residency.