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 ?
deepak agarwal (1 Points)
11 November 2022Dear 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 ?
prasad Nilugal
( GST Practitioner & Accounts )
(14242 Points)
Replied 11 November 2022
Contact to nearby CA , his certification is mandatory,
he will guide you.
sabyasachi mukherjee
(26331 Points)
Replied 11 November 2022
JJJ
(Need help)
(673 Points)
Replied 12 November 2022
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.
CAclubindia
