Transfer funds from nro to nre account
This query is : Resolved
13 December 2012
Hi,
Is transfer funds from NRO to NRE account permissible. If yes what are the conditions apply.I heard that transfer from NRE to NRO possible but NRO to NRE not.
Thanks,
Roopali
Is transfer funds from NRO to NRE account permissible. If yes what are the conditions apply.I heard that transfer from NRE to NRO possible but NRO to NRE not.
Thanks,
Roopali
13 December 2012
Hi
YES..
Pl refer notf. for details:
https://rbi.org.in/scripts/NotificationUser.aspx?Id=7180&Mode=0
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
YES..
Pl refer notf. for details:
https://rbi.org.in/scripts/NotificationUser.aspx?Id=7180&Mode=0
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
13 December 2012
Transfer of funds from NRO to NRE account is permitted within the overall ceiling of USD one million or equivalent per financial year (April - March), subject to payment of taxes, as applicable. You need to submit Form 15CA (online application form) and 15CB (Chartered Accountant Application) to your Branch for transferring funds.
26 December 2012
Thanks vaibhav.
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