Dear All,
What is the procedure for transferring funds (savings or fixed deposit) from NRO bank fixed deposit account of an NRI to his NRE fixed deposit account ?
Transfer of funds from NRO to NRE (Form 15CA)
Replies (3)
Quick Summary
Contact to nearby CA , his certification is mandatory,
he will guide you.
Fill up the firm and transfer. No need to contact anyone.
There's no need for anything special if the transfer is not related to a business or professional income earning a activity.
If at all, the bank will ask for an explanation. And if the bank doesn't need anything then you don't need to worry either.
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