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of <h1>NRIs and OCIs must use banking channels for property payments in India; travelers' cheques not allowed.</h1> Payment for immovable property in India must be made through banking channels and comply with applicable taxes and levies. Funds can be utilized from NRE, FCNR(B), or NRO accounts of NRIs or OCIs. Payments via travelers' cheques and foreign currency notes are not permitted.
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