How to convert NRE account currency to Candian dollars

Question: can you help me getting my money from sbi-nre a/c to canada in candian dollars, as i find it very difficult to fill in forms etc ?

J.S.Patel

Answer(s)

Raju Kanumuri: Yes, you can freely transfer these funds back to your Canadian account. However, note that the bank will charge you for currency conversion. Funds in NRE is denominated in INR and there’ll be a conversion to CAD. Generally, this charge is built in the exchange rate offered by the bank. Also, note that there is no tax implication of this transaction under Indian tax law.

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