Transfer of funds from resident account tonre account
This query is : Resolved
31 October 2013
Hello Sir,
Is it possible to remit funds from Resident Account (by a resident individual) to NRE account (to an NRI)?
Please suggest.
Is it possible to remit funds from Resident Account (by a resident individual) to NRE account (to an NRI)?
Please suggest.
Ajay Mishra
(Expert)
15 November 2013
Read Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 and Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2000.
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