Transfer of Funds from Non-Resident Ordinary (NRO) account to Non-Resident External (NRE) Account

Last updated: 08 May 2012

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RBI/2011-12/536 A. P. (DIR Series) Circular No.117 May 07, 2012 To All Authorised Dealer banks and Authorised banks Madam/Sir, Transfer of Funds from Non-Resident Ordinary (NRO) account to Non-Resident External (NRE) Account The Committee to Review the Facilities for Individuals Under FEMA, 1999 (Chairperson : Smt. K.J.Udeshi) has recommended that the NRIs/PIOs may be permitted, subject to payment of applicable taxes, to transfer repatriable funds from their NRO account within

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1999

(Excl. of GST ₹359)

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3499

(Excl. of GST ₹629)

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Notification No : RBI/2011-12/536

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