tag:blogger.com,1999:blog-19649274.post6902924846705418512..comments2024-03-29T12:03:50.891+05:30Comments on The Leap Blog: Weaknesses of recent moves on capital controls for outbound capital flowsAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19649274.post-81108293235398866072016-10-31T05:18:23.734+05:302016-10-31T05:18:23.734+05:30I am a PIO with some non-repatriable indian saving...I am a PIO with some non-repatriable indian savings. When I was a resident, I happened to open a set of (bank, demat and brokerage) resident accounts. Now that I am a non-resident, I have so much difficulty operating these accounts. I am not allowed operate these accounts. I am not able to convert them into NRO non-repatriable accounts either. Whenever I submit applications to convert them, they end up in a blackhole after two months of “processing”. I am in a trishanku swargam status for the past several years. It seems that RBI policies are in conflict with their own regulations of the banks.<br /><br />If non-repatriable accounts have so much hassle, only GOD can help somebody who wants to transfer money abroad for investment purpose. Anonymousnoreply@blogger.com