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Is the income/ interest earned on investments/ deposits held in India by NRIs on non-repatriation basis allowed to be repatriated?

April 26, 2017allowed basis deposits earned held income India investments non-repatriation NRIs

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Is the income/ interest earned on investments/ deposits held in India by NRIs on non-repatriation basis allowed to be repatriated?

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Yes. Income / interest earned on investments made on non repatriation basis can be repatriated/ credited to NRE/ FCNR account, after payment of Income tax as applicable. The NRIs would have to make an application in form RCI to the designated branch giving the details of the incomes earned during the previous financial year along with a Chartered Accountants certificate.