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Transfer of funds from resident account tonre account

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(Querist)
31 October 2013 Hello Sir,

Is it possible to remit funds from Resident Account (by a resident individual) to NRE account (to an NRI)?

Please suggest.
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Ajay Mishra

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Ajay Mishra (Expert)
15 November 2013 Read Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 and Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2000.

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