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Purchase of immovable property in India by Non-Resident Indians and Persons of Indian Origin – Mode of Payment – Clarification

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....ust 16, 2006 To. All Category - I Authorised Dealer Banks Madam / Sir, Purchase of immovable property in India by Non-Resident Indians and Persons of Indian Origin - Mode of Payment - Clarification Attention of Authorised Dealer Category I (AD - Category I) banks is invited to Regulation No. 3 and 4 of Notification No. FEMA 21/RB-2000 dated May 3, 2000, as amended from time to time. ....

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