Is money in the NRO account Repatriable?

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No, the principal amount in the NRO bank account is non-repatriable in nature which means you cannot remit the funds to your country.

An NRI can repatriate up to USD 1 million in a financial year for any bonafide purpose after submitting Form 15 CA and Form 15 CB. Although, the interest earned on such securities are fully repatriable. Apart from this, other incomes from the investment, such as dividends, rent, pensions are repatriable in nature.

Topic: NRI Non-repatriation Defenition

1 Comments

1. Chirag

| Link|April 20, 2023 3:02:34 PMReply

As you have specified that Principal Amount is Non-Repatriable. But after 2012 till USD 1 Million can be repartriable with 15CA and 15CB. So as of now Principal Amount below USD 1 Million can be transfer with 15CA and 15CB Certificate or still it is restricted and cannot be transfer even after obtaining 15CA and 15CB.

Further what do we mean by Principal Amount, whether this amount means what NRI have earned in india before he became NRI.

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