Select what actually applies to you. The tool now distinguishes ordinary returnees, foreign-paid employees, retirees, overseas directors/business owners and people with continuing cross-border income or assets. No name, phone number or email is required.
1. What best describes your return?
2. Which Indian banking products do you currently hold?
3. What will you continue to own or receive abroad?
About what remains abroad:
4. After returning to India, will you continue working for an overseas employer/business or billing overseas clients?
Where will you mainly perform this work after returning?
5. Will you receive money after leaving your overseas employment?
Approximate future/post-employment amount involved?
6. Do you have an ongoing overseas business or professional connection?
Which of these also applies to that overseas company/business?
7. Which Indian assets/investments do you hold?
8. Is a large overseas receipt likely later?
Approximate value of the expected large receipt?
9. Will you still need foreign currency after returning?
10. How long were you living abroad before this return?
11. Where will your immediate family mainly live?
12. What is your broad plan for substantial foreign-currency money?
This is the common reference path. Your own order can change depending on what you actually hold in India and abroad.
RBI says NRE accounts should be redesignated as resident accounts, or the funds may be transferred to an eligible RFC account, immediately upon return for employment or on change in residential status.
RBI permits NRO accounts to be redesignated as resident accounts when you return for a purpose indicating an intention to stay in India for an uncertain period.
A visit home is not the same as returning to India to stay. RBI specifically distinguishes temporary visits from a change in residential status.
RBI says an FCNR(B) deposit may continue until maturity at the contracted interest rate if the account holder wishes. On maturity, the bank can convert it into a resident rupee deposit or an eligible RFC account.
For an eligible returning resident, RFC can be useful for holding permitted foreign-currency funds rather than converting everything into rupees immediately. Ask the bank whether you qualify and whether RFC fits your future foreign-currency needs.
When you became NRI, you updated bank/KYC/demat/mutual-fund records. Returning can require the reverse exercise. Review every MF folio, SIP, demat/broker relationship and linked bank account so the residential classification and bank mandate are correct.
Review FATCA/CRS self-certifications with relevant financial institutions/intermediaries when your tax-residence circumstances change. In the securities market, SEBI has centralised FATCA/CRS certifications at KRAs.
Income-tax residential status depends on the applicable statutory tests. A returning person may, depending on the facts, be Resident and Ordinarily Resident (ROR), Resident but Not Ordinarily Resident (RNOR), or Non-Resident for a particular tax year. This affects how foreign income and foreign assets are treated.
Income Tax guidance says Schedule FA is for residents with reportable foreign assets/income, while the Department's CRS/FATCA guidance states that Schedule FA need not be filled by a person who is RNOR or non-resident. Check your exact status before filing.
Last verified: 24 August 2026. FEMA residence, Income Tax residence and tax residence reported under FATCA/CRS should not be assumed to be identical tests. The exact result depends on your facts.
Start with what you hold in India, what remains abroad and whether the move is temporary or intended to be long-term.
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