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Are there any provision of repatriating the money held in the bank accounts in India ?

April 26, 2017bank accounts held India money repatriating

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Are there any provision of repatriating the money held in the bank accounts in India ?

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Yes, the balances lying in the following accounts can be repatriated anytime outside India: (i) NRE account holders can not only repatriate the account held in this account but also the interest accrued on this account. (ii)Balances in NRO account can be remitted abroad with the permission of RBI. However, only the funds received from abroad can be repatriated.It may be noted that normally this account is used for depositing the local funds/incomes of NRI. (iii) The balances held in NR-NR-RD a/c cannot be repatriated abroad but the interest accrued on this account is permitted to be repatriated.