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of <h1>RBI Approval Required for Asset Remittance over USD 1M in Legacy or Inheritance Cases to Foreign Citizens and NRIs/PIOs</h1> RBI approval is necessary for remittance of assets in excess of USD 1,000,000 per financial year in cases involving legacy, bequest, or inheritance to a foreign citizen residing outside India, and by NRIs/PIOs from NRO accounts or sale proceeds of inherited assets. Approval is also required if not making the remittance would cause hardship to a person.
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