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Form 15ca/cb mandatory?

Kunhiraman (Banker) (32 Points)

29 April 2023

Hi,

Quick question, is it mandatory to have form 15ca/cb when transferring fund from NRO to own NRE INR account for the purpose of saving in NRE account. When I checked with bank apparently it is not mandatory if source of fund document can be provided like sale deed. Is it upto the bank what documents they need to use?. In the internet I see different information also about exception if the remittance does not required RBI approval.

Thanks

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Roodita Gaikwad (Practice) (385 Points)
Replied 22 April 2025

For transferring funds from an NRO account to an NRE account in India, Form 15CA/15CB may not always be mandatory, especially if the funds are of a capital nature (such as from the sale of property) and the transaction does not require RBI approval.

If the source of funds is clearly documented, such as through a sale deed or other valid documents, the bank may not require Form 15CA/15CB. However, this can vary from bank to bank, and it is ultimately up to the bank's internal procedures and compliance requirements to decide whether these forms are needed.

Generally, if the remittance is not for a payment towards services or income-related transfers, the bank may be more lenient. But if in doubt, it is always best to check directly with the bank about their documentation requirements.

To assist with the Form 15CA/15CB process in case your bank requires them, our Excel-based utility allows for bulk XML generation and easy filing.

Download here: https://xltool.in/15ca-15cb/ | www.xltool.in