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Yes, NRIs can return to India at any time, but they must update their residential status for banking, investments, and taxation after moving back.
Important documents include a valid Indian passport, a PAN card linked to Aadhar, proof of NRI status, and an OCI card (if applicable).
NRIs must convert NRE, NRO, and FCNR accounts to resident savings or resident foreign currency (RFC) accounts. Closing unnecessary accounts and updating KYC with banks is necessary to ensure compliance.
Once classified as Resident and Ordinarily Resident (ROR), global income is taxable. Only Indian income is taxed if you have the status of Resident but not Ordinarily Resident (RNOR).
NRIs can keep foreign investments, but they must be reported in Indian tax returns. Foreign insurance policies usually become invalid, so returning NRIs must buy comprehensive Indian health and life insurance plans.
By Varun Gupta |Last Updated: January 28, 2026
