NRO funds

Provisions regarding repatriation of NRO funds

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Quick Summary
This discussion clarifies the process for repatriating funds held in Non-Resident Ordinary (NRO) accounts. Currently, individuals are permitted to transfer up to $1 million per financial year from their NRO accounts abroad. This limit applies to the total amount that can be remitted.

Repatriation of NRO funds is the amount you can transmit you held in Non Resident External account
Repatriation of funds from a Non-Resident Ordinary Account NRO is currently limited to $1 MM per financial year per individual. ...

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