For what purpose can money be remitted?
Funds can be remitted for any purpose, like credit to remitter’s own NRSR/NRO/NRE savings account, NRE and NRNR fixed deposits and beneficiary’s savings account, for family support, investments, payments, etc. Funds can also be remitted for crediting your FCNR account maintained in foreign currency namely USD or Euro with ICICI Bank.