What are the permissible credits?
The following credits are permitted: a) Proceeds of remittances in any permitted currency from abroad through normal banking channel. b) Any permitted currency tendered by the account holder during his/her temporary visit to India. Foreign currency exceeding USD5000 or its equivalent in form of cash should be supported by Currency Declaration Form. c) Remittances by way of transfer from rupee accounts of Non-Resident bank accounts. d) Legitimate dues like rent, dividend, pension, and interest as also proceeds of assets including immovable property acquired out of rupee/foreign currency funds or by way of legacy/ inheritance.
