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What is Repatriation and Non-Repatriation?

April 26, 2017non-repatriation Repatriation

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What is Repatriation and Non-Repatriation?

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• Repatriation means taking invested money back home. It is the process of converting a foreign currency into the currency of one’s own country. • Non -repatriation means the NRI cannot take the money invested in India. Wherever the investments are allowed with repatriation benefits, the funds for the purpose should be received by inward remittances from abroad or from the investor’s NRE/FCNR Accounts. However, in respect of investment on non repatriation basis, funds in NRO Accounts could also be used.