NRO Account Repartiation

628 views 1 replies

AN NRI(in london) has NRO account in india, with income of rent being remitted to the account.
He somehow by mistake deposited some of his income from london into this NRO account.
Now the NRI want to repatriat the money he deposited.

Please Tell me the procedure to repatriate, and procedures to be done for the same...

 

Eagerly waiting for the answer

Replies (1)

AS PER RBI GUIDELINES:

MAY OPEN, HOLD AND MAINTAIN WITH AN AUTHORISED DEALER IN INDIA A RESIDENT FOREIGN CURRENCY (RFC) ACCOUNT TO TRANSFER BALANCES HELD IN NRE/FCNR(B) ACCOUNTS. PROCEEDS OF ASSETS HELD OUTSIDE INDIA AT THE TIME OF RETURN, CAN BE CREDITED TO RFC ACCOUNT. THE FUNDS IN RFC ACCOUNTS ARE FREE FROM ALL RESTRICTIONS REGARDING UTILISATION OF FOREIGN CURRENCY BALANCES INCLUDING ANY RESTRICTION ON INVESTMENT IN ANY FORM OUTSIDE INDIA.

IF NOT SATISFY, YOU CAN GO ALSO FOLLOWING PATH :

https://www.rbi.org.in/scriptts/FAQView.aspx?Id=52

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details