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Can I transfer money from NRO to NRE account?

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An NRO account is a non-repatriable account in nature. Thus, an NRI cannot freely transfer the funds from NRO to NRE account.

Earlier this transfer of funds from NRO to NRE account was strictly prohibited. However, RBI has now permitted to repatriate funds from NRO to NRE account to the extent of USD 1 million per financial year subject to certain restrictions and documentation.


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