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POINT NO. B(8) OF FORM NO. 15CB

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(Querist)
30 December 2025 An individual has sold a property in India and the sale proceeds have been credited to their NRO account. We propose to remit this amount to the individual’s NRE account, for which filing of Form 15CB is required. In this context, kindly clarify the relevant RBI purpose code to be selected under point B(8) of Form 15CB.
Kindly resolve this query as soon as possible.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
02 January 2026 Applicable RBI Purpose Code (Form 15CB – Point B(8)):
✅ P0103 – Repatriation of sale proceeds of immovable property

Transaction type: NRO → NRE (repatriation)

Tax compliance: Mandatory before remittance

Bank acceptance: Highest with P0103
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