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Can foreign tourists repatriate the balance held in their NRO account at the time of departure from India?

April 26, 2017account Balance departure foreign held India nro repatriate time TOURISTS

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Can foreign tourists repatriate the balance held in their NRO account at the time of departure from India?

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A. Banks can convert the balance in the account into foreign currency at the time of departure of the tourists provided the account has been maintained for a period not exceeding six months and the account has not been credited with any local funds, other than interest accrued thereon.

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A- Yes. Banks can convert the balance in the account at the time of departure of the tourists into foreign currency provided the account has been maintained for a period not exceeding six months and the account has not been credited with any local funds, other than interest accrued thereon.

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Banks have been allowed to convert the balance in the account at the time of departure of the tourists into foreign currency provided the account has been maintained for a period not exceeding six months and the account has not been credited with any local funds, other than interest accrued thereon.