Can the principal or the interest accrued on NRNR deposits be repatriated outside India

Question: Can the principal or the interest accrued on NRNR deposits be repatriated outside India at any time?

Answer(s)

Raju Kanumuri: The principal amount of the deposit is not eligible for repatriation. Interest earned upto 30th September 1994 is also not eligible for repatriation. Interest earned for the period beginning 1st October 1994 is, however, eligible for repatriation.

Source : Reserve Bank Of India

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