For remittance under RBI’s Liberalised Remittance Scheme (LRS) visit www.rbi.org.in
Transacting beyond borders
Convert NRO to NRE
NRIs / PIOs are permitted to transfer funds from their NRO account upto US $ 1 million per financial year, for credit to their NRE account in India. Refer RBI Circular No. 117 dated May 7, 2012 and notification No.FEMA 5 /2000-RB
Documents required:
- Pan card copy & Passport copy of giver & receiver.
- Signed NRO Cheque of giver for specified amount in favour of receiver, upto $ 1million.
- Receiver’s NRE cheque leaf copy or Bank name, a/c title, a/c number, branch, IBAN, IFSC, MICR.
- Fema Declaration (we will provide).
- Self Declaration (we will provide).
- CA Certificate Form 15CA , 15CB (we will provide).
- Pay service fee, Time: 14 days.
Convert Rupees to $
Sender and receiver must be first degree relation i.e. parent/children, spouses. Upto US $ 250,000 per financial year. Refer RBI Circular RBI/FED/2017-18/3 , FED Master Direction No. 7/2015-16 dated January 1, 2016. Reference could also be made to circular RBI/FED/2015-16/8 , FED Master Direction No. 13/2015-16 dated January 1, 2016 for “Remittance of Assets” and to RBI/FED/2015-16/4 , FED Master Direction No. 8/2015-16 dated January 1, 2016 for “Other Remittance Facilities”.
Documents required:
- PP & Pan card copies of both account holders, including joint a/c holders.
- Recipient account details (A/c title holder(s), bank name, Bank branch/city, swift, IBAN).
- Resident cheque for amount to be repatriated, upto 200,000$.
- Signed application (we will provide).
- Declaration of intent letter (we will provide).
- CA Certificate Form 15CA , 15CB (we will provide).
- Pay service fee, Time: 14 days.
- Please courier the above documents (1, 2, 3), after which payment can be made and transaction can be processed.