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Back to Top of Index Question-18: Can funds in NRE/NRO accounts be repatriated outside India ?

April 26, 2017accounts funds index India NRE nro outside repatriated

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Back to Top of Index Question-18: Can funds in NRE/NRO accounts be repatriated outside India ?

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Funds held in NRE accounts can be repatriated abroad freely. Funds held in NRO accounts which would generally be from a local source cannot ordinarily be repatriated outside India. Interest earned on funds in NRO account during the financial year 1994-95 and onwards can, however, be remitted to the extent permitted by Reserve Bank (See Answers to Questions 55 & 56).