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Back to Top of Index Question-48: Are sale/maturity proceeds of Government securities/units/National Savings Certificates allowed to be repatriated abroad ?

April 26, 2017government index maturity National proceeds sale savings securities units

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Back to Top of Index Question-48: Are sale/maturity proceeds of Government securities/units/National Savings Certificates allowed to be repatriated abroad ?

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If such securities were purchased out of funds remitted from abroad or out of NRE/FCNR accounts,sale/maturity proceeds can be repatriated. Sale/maturity proceeds of securities purchased out of funds in NRO accounts can only be credited to NRO accounts and cannot be remitted abroad. Interest earned 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).