Can i repatriate funds in the NRI account

Question: Can i repatriate funds in the NRI account?

Answer(s)

Raju Kanumuri: The principal as well as the interest of the funds in an NRI account can be repatriated only if a person holds either an NRE account or an FCNR account. In case of an NRO account, only interest earned on the account can be repatriated.

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Related Questions

Q: How much finance can an NRI avail against the property value?

A: An NRI can borrow up to 75 % of the market value of your property subject to your income eligibility.

Q: For how long period can an NRI get a home loan?

A: NRI's can get home loans from a minimum of three years to maximum of 15 years.

Q: What is the minimum income requirement for an NRI to get loans?

A: * For Middle East countries: 3, 00,000 AED (UAE Dhms) per annum * For USA and other countries: 80,000 USD per annum * For Merchant navy: 50,000 USD per annum

Q: What is the applicable rate of interest on NRI loans?

A: The rate of interest varies depending upon your loan amount, property type, income, etc and this will be communicated to you by our sales representatives.

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