Key takeaway
NRE and FCNR money is generally freely repatriable. NRO money — including sale proceeds, inheritance and rent — can be remitted up to USD 1 million per financial year after tax compliance. Pay the tax first, collect the paperwork, then ask your bank to remit.
Where is the money?
| Source | Usual account | Repatriation |
|---|---|---|
| Money sent from abroad | NRE / FCNR | Generally free |
| Property sale proceeds | NRO | Within USD 1 million per financial year; original foreign exchange investment may qualify separately for up to two residential properties |
| Inheritance | NRO | Within USD 1 million per financial year |
| Rent, dividends, pension | NRO | Current income after tax, generally permitted |
Step by step
- Identify the source of each amount and keep documents linking money to source.
- Pay or provide for Indian tax; file your return where required.
- Get a chartered accountant’s certificate (Form 15CB) where required and file the online declaration (Form 15CA).
- Submit the remittance request to your bank with supporting documents.
- The bank remits to your overseas account.
- Report the receipt in your country of residence as its tax law requires.
Larger amounts
The USD 1 million limit applies per financial year (April to March). Larger amounts can be spread over years, or approval sought from the RBI in suitable cases.
Common pitfalls
- Remitting before tax is settled.
- Missing proof that money came from a permitted source.
- Mixing NRO funds into an NRE account without following the rules.
- Agricultural land sold to an ineligible buyer.
Frequently asked questions
Can I move NRO money to my NRE account?
Yes, within the annual limit and after tax compliance.
Do I need Form 15CA/15CB for every remittance?
Requirements depend on the nature and amount; your bank and CA will advise.
How long does it take?
Usually days once tax and documents are in order.
Related LegalCops services
References
- Foreign Exchange Management (Remittance of Assets) Regulations, 2016
- Foreign Exchange Management (Deposit) Regulations, 2016
- Income-tax Act, 2025
Last reviewed: November 2026.
The information provided is for general educational purposes only and does not constitute legal advice. Applicable laws and procedures may vary depending on the facts, jurisdiction, and circumstances of each matter. Consult a qualified legal professional before taking action.
