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Transfer of Funds from Non-Resident Ordinary (NRO) account to Non- Resident External (NRE) Account.

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Full Text of the Document

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....ent External (NRE) Account The Committee to Review the Facilities for Individuals Under FEMA, 1999 (Chairperson : Smt. K.J.Udeshi) has recommended that the NRIs/PIOs may be permitted, subject to payment of applicable taxes, to transfer repatriable funds from their NRO account within the overall ceiling of US $ 1 million per financial year, for credit to their NRE account in India. At present tr....

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