NRE account funds freely repatriable outside India

Finance, General, News, NRI

Usually, Indians residing abroad keep a non-resident external (NRE) or a non-resident ordinary (NRO) accounts in India. Funds in NRE account are mostly freely repatriable outside India. You are allowed to receive income from investments in India in your NRE account and remit them outside India. Remittances from NRO accounts are allowed based on limits prescribed by the Reserve Bank of India (RBI). You are allowed to emit a maximum of $1 million in one financial year. A certificate from a chartered accountant must accompany such a remittance; it is required to be submitted by you to the bank.

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