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Can a NRI use a DD from NRE/NRO Account To Purchase Property In India ?


By Unregistered Visitors, Section Ask Questions
Posted on Tue Feb 06, 2007 at 12:55:42 PM EST

Hello Friends
Does anyone know if an NRI can use a DD for purchasing the property from his NRE/NRO account.

If yes, then is there a ceiling on this amount and does this DD work like as a DD/pay cheque from a resident savings account ?<>p kind regds

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