NRO Account Repartiation

632 views 1 replies

AN NRI(in london) has NRO account in india, with income of rent being remitted to the account.
He somehow by mistake deposited some of his income from london into this NRO account.
Now the NRI want to repatriat the money he deposited.

Please Tell me the procedure to repatriate, and procedures to be done for the same...

 

Eagerly waiting for the answer

Replies (1)

AS PER RBI GUIDELINES:

MAY OPEN, HOLD AND MAINTAIN WITH AN AUTHORISED DEALER IN INDIA A RESIDENT FOREIGN CURRENCY (RFC) ACCOUNT TO TRANSFER BALANCES HELD IN NRE/FCNR(B) ACCOUNTS. PROCEEDS OF ASSETS HELD OUTSIDE INDIA AT THE TIME OF RETURN, CAN BE CREDITED TO RFC ACCOUNT. THE FUNDS IN RFC ACCOUNTS ARE FREE FROM ALL RESTRICTIONS REGARDING UTILISATION OF FOREIGN CURRENCY BALANCES INCLUDING ANY RESTRICTION ON INVESTMENT IN ANY FORM OUTSIDE INDIA.

IF NOT SATISFY, YOU CAN GO ALSO FOLLOWING PATH :

https://www.rbi.org.in/scriptts/FAQView.aspx?Id=52

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details