Nre account - amount transfer

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deepika dhakad (Querist)
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07 August 2012 My client is having a status of NRI. He has invested amount from NRE a/c to Fixed deposit accounts (FD a/c) in bank of Baroda in India ( He have NRE a/c and FD a/cs both in same branch of Bank of Baroda in India). Now he wants to transfer amount of all FD a/c again in NRE a/c.

Plz provide us complete process/ relevant forms/ documents in detail for transfer amount again in NRE a/c and impact thereof as per FEMA and Income tax act.

Arihanth Jain

Arihanth Jain (Expert)
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08 August 2012 Get a form 15cb/ca certificate from a CA . CA should take care of formalities.
Impact: Repatriation possible subject to payment of taxes.