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<h1>Payment methods for immovable property must use banking channels; travellers' cheques and foreign currency notes prohibited.</h1> Payment for acquisition of immovable property in India must be received in India through banking channels, be subject to applicable taxes and duties, and may be made from NRE, FCNR(B) or NRO accounts of NRIs/OCIs; travellers' cheques and foreign currency notes are not permitted.