RBI/FEMA Restrictions on Cross-Border Payments for NRIs
NoRI Services Simplifies Compliance in Andhra Pradesh
Why RBI/FEMA Restrictions Are a Challenge for NRIs
NoRI Services, based in Amaravati, Andhra Pradesh, understands the complexities NRIs face with RBI/FEMA regulations when managing cross-border payments for properties . With by NRIs supported across 20+ cities, we’ve seen how these restrictions can hinder financial efficiency.
From repatriating rental income to handling property sale proceeds, the compliance process is cumbersome and costly. NoRI Services streamlines these processes, ensuring your funds are managed efficiently while adhering to RBI/FEMA guidelines in Andhra Pradesh.
Key Challenges NRIs Face
RBI/FEMA Restrictions on Cross-Border Payments
The RBI and FEMA regulate cross-border payments, requiring rental income from properties to be credited to an NRO account. Repatriating up to USD 1 million per year needs CA certification, Form 15CA/CB, and bank documentation. Sale proceeds from a property in Andhra Pradesh also require tax clearance, with larger amounts needing RBI approval.
High Taxation
Funds in NRO accounts face up to 30% tax on rental income, reducing returns on properties, with low interest rates adding to losses.
Cumbersome Documentation
Repatriating ₹20,000 monthly rent from Andra Pradesh requires CA certification and Form 15CA/CB, costing ₹2,000–₹5,000 in fees, making it inefficient.
Delays in Fund Access
Repatriating ₹5 lakh from a property sale can take 1–2 months due to compliance, delaying access to funds abroad.
Lack of Seamless Systems
Payment systems don’t support easy transfers of rental income , forcing NRIs to keep funds in India, subject to taxes.
Case Study: Repatriation Delays in Vijayawada
Mr.Vaibhav , an NRI in the UAE, wanted to repatriate ₹3 lakh rental income from his property in Vijayawada. The CA certification and bank documentation took 6 weeks, costing ₹4,000 in fees and a 30% tax of ₹90,000. NoRI Services streamlined the process, reducing delays and costs by 50%.
How NoRI Services Solves This Challenge
Compliance Support
We handle CA certifications and Form 15CA/CB for properties, ensuring RBI/FEMA compliance.
Faster Repatriation
NoRI Services team speeds up fund repatriation, reducing delays to 1–2 weeks for your convenience.
Cost Efficiency
We minimize CA fees and tax losses for properties, saving you ₹20,000–₹30,000 annually.