How permitted banking routes differ from a contractual property price.
What to know
RBI guidance permits eligible NRI and OCI property payments through inward remittance or debit to NRE, FCNR(B) or NRO accounts. The chosen route can affect records and future repatriation analysis.
The agreement remains denominated in INR. Confirm account use, purpose codes, conversion, charges and documentary evidence with the authorised dealer bank.
This guide is general information only. Confirm eligibility, documents, payment, tax and registration requirements with qualified advisers and the relevant authorised dealer bank.
Practical next steps
- Confirm your exact buyer category and the project record.
- Request current unit information, a complete cost sheet and draft transaction documents.
- Use official payment instructions and preserve the complete banking trail.
- Keep independent legal and tax review separate from the sales process.
Source referencesRBI Master Direction - Acquisition or Transfer of Immovable Property under FEMA; professional advice required for individual circumstancesRBI immovable-property directionUP RERA verification
NRI & OCI ASSISTANCE