Ask, Answer & Discover

Q: How can I transfer money from India to NRE account?

A: There are no restrictions on transferring money from the NRE account back to your foreign account. It allows you to transfer funds from your existing NRE savings account to open NRO/FCNR accounts....

• 74 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: Can NRI transfer money out of India?

A: Interest earned and balances held in NRE and FCNR accounts are not taxed and can be freely repatriated abroad. The RBI allows NRIs to transfer money from NRO to NRE account, subject to an overall...

• 74 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: Can NRI transfer money to resident Indian?

A: Yes, NRIs can send money to India and they don't have to pay taxes when they transfer money to India.

• 111 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: Can I transfer money from NRO to NRE account?

A: RBI has now permitted transfer from NRO account to NRE account subject to the submission of required documents and subject to the total amount of funds transferred to NRO account during the...

• 131 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: Can NRI repatriate money from India?

A: NRIs are allowed to repatriate or bring their sale proceeds of property sold in India to the US. However, the limit to the amount brought from India is $1 million per year, including all other...

• 131 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: Can I transfer money from NRO account to a foreign bank?

A: RBI has now permitted transfer of money from NRO account to NRE account subject to the submission of required documents and subject to the total amount of funds transferred to NRE account and/or...

• 155 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: How much money can NRI transfer to India in one year?

A: There is no limit on sending money from the USA to India, provided you pay required taxes. But, there is a limit of US $14,000 per person per year and for gift tax is a free transaction. Any amount...

• 169 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: How much money can an NRI repatriate?

A: Interest earned and balances held in NRE and FCNR accounts are not taxed and can be freely repatriated abroad. RBI allows NRIs to transfer money of $1million per financial year from NRO to NRE...

• 176 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: How much money can an NRI send to India?

A: There is no limit on sending money from the USA to India, provided you pay the required taxes. But, there is a limit of US $14,000 per person for a gift tax-free transaction. Any amount sent above...

• 176 Days ago
• Money Transfer - Business and Finance
• See Answer

Q: How much money can NRI transfer out of India?

A: The limit to the amount brought from India is $1million per the calendar year, including all other capital account transactions. Even NRIs can petition to the RBI for an increase in the...

• 176 Days ago
• Money Transfer - Business and Finance
• See Answer