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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 4499
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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I have a question regarding IPI7
, I am a Card holder,

Customer Question

Customer: Hello I have a question regarding IPI7
JA: Thanks. Can you give me any more details about your issue?
Customer: I am a Green Card holder, Indian Citizen, holding Indian passport, purchased a apartment in India, cash down. Am I required to file IPI 7.
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Submitted: 1 year ago.
Category: Finance
Expert:  Rakhi Vasavada replied 1 year ago.

Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

From what I understand from your question, you are a NRI - Non Resident Indian and a Green Card holder currently residing in the US.

The IPI 7 filing requirements are for foreign citizens and PIO -- Person of Indian Origin and OCI -- Overseas Citizens of India.

You, since you are an Indian Citizen currently (not a foreign citizen anda PIO or OCI) NEED NOT file IPI 7. There is no requirement of such filing or seeking permission from the RBI.

I am sure this would help.

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Warm Regards