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NRO Account Fund Repatriation and Benefits

  NRO Account Funds Repatriation Table of Contents NRE Account NRO Account Document required for remittances from NRE and FCNR repatriation Documents required for remittances from NRO accounts What is Form 15CA? What is Form 15CB? How much Money can be transferred from NRO account?   India currently has huge number of Non Resident Indian who are living abroad. These NRI are having income in India in form of rents, dividends, proceeds of property sold, gifts etc. Now if NRI’s want to transfer these funds parked in NRO account to their overseas account is it possible to transfer funds from NRO account to overseas account directly? To understand this let us first know the difference between NRE and NRO Account What is NRE  Account   Non Resident External Account In this account only foreign currency can be deposited and the amount is held in Indian Rupees denomination. In NRE account Indian Rupees cannot be deposited. Amount held in NRE account is fully re