New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

     Interest income earned on investments made by NRIs in

    India on non-repatriation basis ____
    A cannot be repatriated at all Correct Answer Incorrect Answer
    B cannot be repatriated in full Correct Answer Incorrect Answer
    C only net Interest income (after tax) can be repatriated Correct Answer Incorrect Answer
    D Can be repatriated after a lock in period of 5 years Correct Answer Incorrect Answer
    E can be repatriated after 2 years Correct Answer Incorrect Answer

    Solution

     " Income/interest earned on investments held in India by NRIs on non- repatriation basis is allowed to be repatriated subject to payment of Taxes and submission of necessary documents". As such only net interest (after payment of taxes) can be repatriated.

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