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Transfer of fund from nro a/c to nre a/c

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2012 NRE account normally accepts credit only from foreign country. Whether any possibility to transfer money from NRO account to a NRE account operated in the same country.
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
30 November 2012 YES NOW MONEY CAN BE TRANSFERED FORM NRO A/C TO NRE ACCOUNT OPERATED IN THE SAME COUNTRY. THE LIMIT OF TRANSFER IS SET AT 1MILLION DOLLARS PER YEAR BY RBI. FORM 15CA & FORM 15CB REQUIRED
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