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Home > Forum > Mumbai > Investment Advice > What payment modes can an NRI use for paying for a property in India?

What payment modes can an NRI use for paying for a property in India?

Q: I am an NRI settled in California and interested in buying a property in Mumbai, India. What payment modes can I use for paying for the property?

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There is no restriction or condition on payment on buying a property. The normal banking channels are applicable.Some of the payment modes are Foreign Currency Non-Resident accounts in India, Remittance from abroad through normal banking channels, NRO accounts in India,Non Resident External Rupee accounts.
Suresh Khanna


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