India’s 180-day overseas funds rule: What Gulf NRIs need to know

Indian citizens living in Gulf countries as non-residents can generally retain their locally earned salaries, business income and savings abroad without having to transfer or use the funds within 180 days. The rule applies to foreign exchange acquired by people who are resident in India and is governed by the Foreign Exchange Management Act (FEMA). ... Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .