Fema: tr of fund from nro to nre in india
This query is : Resolved
hetal sangoi
(Querist)
03 February 2018
What is the limit of transfer of AMOUNT from NRO to NRE account in the F.Y. what is the maximum limit in amount?What documents are required to submit to Bankers ?
CA R SEETHARAMAN
(Expert)
03 February 2018
As per RBI guidelines, NRIs are allowed to repatriate or transfer funds to NRE SB account within the
limit of USD 1 million per financial year from self NRO SB account. In case of transfer of INR funds
from NRO SB to NRE SB account under USD 1 million, below are the documents:
1. Cheque/Letter for funds transfer from NRO to NRE savings account dully signed by the customer
2. FEMA Declaration
3. Documentary evidence of source of funds
4. Form 15CB
limit of USD 1 million per financial year from self NRO SB account. In case of transfer of INR funds
from NRO SB to NRE SB account under USD 1 million, below are the documents:
1. Cheque/Letter for funds transfer from NRO to NRE savings account dully signed by the customer
2. FEMA Declaration
3. Documentary evidence of source of funds
4. Form 15CB
hetal sangoi
(Querist)
04 February 2018
thank you sir for your feedback
CA R SEETHARAMAN
(Expert)
04 February 2018
Welcome.......................
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