The maximum amount that can be transferred from an NRO account depends on the source of funding, with a cap of $1 million per fiscal year for non-current income. There are no restrictions on remitting current income from an NRO account.
Non-resident Indians and persons of Indian Origin (POI) can buy residential properties in India without specific permissions from the Reserve Bank of India
SBI has launched a digital platform that allows Non-Resident Indians (NRIs) to easily open NRE and NRO accounts through its mobile app, YONO. This service caters to new customers and fulfills a longstanding demand from NRIs for a hassle-free method of managing their accounts in India.
Taxation of income earned abroad in India depends on the individual s residential status. Indian income is always taxed in India, regardless of residency