Many non-resident Indians (NRIs) who are sending money out of India are running into problems with the banks.
Large local banks in which NRIs have Non-Resident Ordinary (NRO) accounts have expressed concern about the usage of Limited Liability Partnership (LLP) vehicles by these individuals to repatriate funds from abroad. In NRO accounts, NRIs manage their savings and receive dividends, rent payments, and interest generated in India.
