https://www.taxtmi.com/circulars?id=8137 Consolidates rules for Non-Resident Ordinary Rupee (NRO) Accounts: eligibility of NRIs/PIOs and certain foreign visitors; permissible credits (freely convertible remittances, legitimate Indian dues, sale/inheritance proceeds) and debits (local rupee payments, remittance of current income, repatriation for bonafide purposes subject to bank satisfaction); remittance of balances and sale proceeds subject to an overall annual ceiling, documentary evidence, remitter's undertaking and Chartered Accountant certificate; specified nationality-based restrictions; operational, loan, power-of-attorney and tax-compliance safeguards. en-us Thu, 01 Jul 2010 00:00:00 +0530 Wed, 11 Feb 2026 15:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8137 Consolidates rules for Non-Resident Ordinary Rupee (NRO) Accounts: eligibility of NRIs/PIOs and certain foreign visitors; permissible credits (freely convertible remittances, legitimate Indian dues, sale/inheritance proceeds) and debits (local rupee payments, remittance of current income, repatriation for bonafide purposes subject to bank satisfaction); remittance of balances and sale proceeds subject to an overall annual ceiling, documentary evidence, remitter's undertaking and Chartered Accountant certificate; specified nationality-based restrictions; operational, loan, power-of-attorney and tax-compliance safeguards. Circulars FEMA Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8137