FEMA Query

Vijay Hegde (PM) (32 Points)

01 February 2011  

Hi,

   I was working in US around 4 years back. Now settled in India. I hold a savings account in US. Recently while reading some articles, I came to know of a FEMA law that resident indian (who was an NRI before) can hold a savings account only for 2 years post return. Can the experts provide an insight into the law or reference for understanding ?

Regards

Vijay