Transferring Money in and out of the Account

By foreign inward remittance by way of TT, DD, cheque, Travellers cheque, foreign currency, etc., or transfer from existing NRE accounts or FCNR accounts.

• Non Resident External (NRE)
  • Inward remittances in foreign exchange through normal banking channels;
  • Transfer from applicant’s other NRE accounts or FCNR accounts maintained with AD bank in India;
  • Dividend or income earned on investments under PIS.
  • Net sale proceeds (after payment of applicable taxes) of shares and convertible debentures which were acquired on repatriation basis under PIS and sold on stock exchange through registered broker.

• Non Resident Ordinary (NRO)
  • Inward remittances in foreign exchange through normal banking channels;
  • Transfer from applicant’s other NRE accounts or FCNR accounts or NRO accounts maintained with AD bank in India;
  • Dividend or income earned on investments under PIS.
  • Net sale proceeds (after payment of applicable taxes) of shares and convertible debentures which were acquired on repatriation (at the NRI’s option) and non-repatriation basis under PIS and sold on stock exchange through registered broker.

• Non Resident External (NRE)
  • Any charges on account of sale/ purchase of shares or convertible debentures under PIS.
  • Outward remittances of dividend or income earned;
  • Amounts paid on account of purchase of shares and convertible debentures on repatriation basis on stock exchanges through registered broker under PIS.

• Non Resident Ordinary (NRO)
  • Any charges on account of sale/ purchase of shares or convertible debentures under PIS.
  • Outward remittances of dividend or income earned;;
  • Amounts paid on account of purchase of shares and convertible debentures on non- repatriation basis on stock exchanges through registered broker under PIS.