What is the limit to repatriate funds from NRE? – SBNRI (2024)

Accounts

Limit

NRE

• Internet banking for outward remittance (sending money to your overseas account from your NRE account)

2. OFFLINE: Fill these 2 forms.

(You can get them at the bank branch or download them online, sign them and send them to the bank branch in India via courier in case you are abroad.)

• Bank Request Form: Enter foreign currency/inr amount to be repatriated, beneficiary bank details (the beneficiary name can be same or different)
• Form A2 (Form for remittance)

No Limit

NRO

• Form 15CA (The purpose of this document is to ensure that taxes are collected on the funds before they are remitted abroad as it becomes difficult to recover taxes at a later stage) (Fill the form online on NSDL and print the acknowledgement)
• Form 15CB (Certificate of an Accountant) (The Accountant fills the form and shares it with the account holder. The account holder then sends it to the bank via courier)
• Form A2 (Form for remittance)
• Request Form from the Bank (for details to debit funds from your account)

USD 1 million

FCNR

• Internet banking for outward remittance (sending money to your overseas account from your NRE account)

2. OFFLINE: Fill these 2 forms.

(You can get them at the bank branch or download them online, sign them and send them to the bank branch in India via courier in case you are abroad.)

• Bank Branch Form: Enter foreign currency/inr amount to be repatriated, beneficiary bank details (the beneficiary name must be same)
• Form A2 (Form for remittance) which also includes Corresponding bank details (A mediator bank through which the funds will be transferred to the beneficiary bank account)

No Limit