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of <h1>Non-Residents Can Remit Up to USD 1 Million Annually from NRO Accounts or Inherited Assets Under FEMA Guidelines.</h1> Funds may be remitted from assets by various parties, including foreign nationals of non-Indian origin, NRIs/PIOs, Indian entities, and branches established in India by non-residents. Eligible individuals include those retired from employment in India, those who inherited assets as per FEMA guidelines, and non-resident widows/widowers inheriting from Indian spouses. Remittances can be made up to USD 1 million per financial year from NRO account balances, sale proceeds of assets, or inherited assets. For NRO account remittances, an undertaking is required to ensure funds are from legitimate receivables, not borrowed or transferred from another NRO account.
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