What is money repatriation for NRIs?

Money repatriation is the process by which an NRI or PIO transfers funds held in their NRO (Non-Resident Ordinary) account in India to their NRE (Non-Resident External) account or to their overseas bank account. The process is governed by RBI regulations and requires specific documentation including Form 15CA and Form 15CB.

What is the difference between an NRO and NRE account?

An NRO account is a rupee-denominated account used to manage income earned in India (such as rent, dividends, or pension). An NRE account is also rupee-denominated but holds funds repatriated from abroad and is fully repatriable. Transferring money from NRO to NRE (or overseas) is known as repatriation and requires RBI compliance including tax clearance certificates.

What is Form 15CA and Form 15CB?

Form 15CA is a declaration submitted by an NRI (or the remitter) to the Income Tax Department stating the nature and amount of a taxable remittance to a non-resident. Form 15CB is a certificate from a Chartered Accountant confirming that applicable taxes have been deducted. Both forms are required for repatriating funds from India in most cases.

How much money can an NRI repatriate from India per year?

Under the Liberalised Remittance Scheme (LRS) guidelines and RBI regulations, NRIs can repatriate up to USD 1 million per financial year from their NRO account for all bonafide purposes, subject to payment of applicable taxes and submission of required documentation.

Does Property Handling help with repatriation of property sale proceeds?

Yes. Property Handling assists NRIs in repatriating proceeds from property sales in India, including guidance on TDS deductions, Form 15CA/15CB filing, and the compliant transfer of funds to overseas accounts.

Is money repatriation legal for NRIs?

Yes, money repatriation is fully legal for NRIs when done through the correct channels and with the required documentation. Property Handling ensures the entire process is compliant with RBI regulations, Indian tax laws, and applicable US tax obligations.

Money Repatriation

Repatriation Guidance

We help guiding you in the transfer of funds/income by NRI (Non-Resident Indian) or PIO (Person of Indian Origin) from the balances held in your Non Resident (Ordinary) Rupee account (NRO a/c) to your Non Resident External account (NRE a/c) or overseas bank account.

The Property Management Company

Endeavoring to be the best Property Management Services Company in Hyderabad and Vijayawada, Vizag and Guntur.We constantly strive to fit ourselves into our customers’ shoes and work on their behalf. Our other property services are Property Management, Tenant Management, Sell Property, Money Repatriation and Plot/Land Monitoring.