Can I transfer money from NRE account to foreign account?

Since an NRE account is exclusively meant for your foreign earnings, you can transfer the money back to your country of residence at any time. According to the RBI, the funds in this account are fully repatriable and without an upper transaction limit.

Can you repatriate money from NRE account?

The balance of the NRE or NRO accounts can be made only to the account holders own account situated abroad, meaning the account holders name must be the same on both the NRE or NRO account and the foreign account in which the funds are being sent to. Repatriation of funds to a third party is not permitted.

Can I transfer money from NRO to NRE account federal bank?

The interest earned on NRE account or NRO account is fully repatriable to overseas and you can always transfer funds through NRI banking. The interest on savings account varies from one bank to another. Before you open NRI account online you can check the benefits and eligibility for opening the account.

Can I transfer funds from NRO to NRE account HDFC?

You cannot transfer money to a NRE account from a savings account in India. However, you can transfer money from NRO to NRE account. You can also transfer money from one NRE account to another.

What is the maximum amount that can be repatriated from NRO account?

Authorised Dealers can allow remittance/s upto USD 1 million, of balances in NRO accounts/of sale proceeds of assets on production of an undertaking by the remitter togetherwith a certificate issued by a Chartered Accountant in Annexure A and B as prescribed by the Central Board of Direct axes (CBDT).

How can I transfer money from my NRO account?

How can I transfer funds from my NRE / NRO savings account?

1. Visit our web site www.icicibank.com.
2. Enter your Internet Banking user ID and password.
3. Click on ‘Funds Transfer’
4. Choose one of the transfer options.
5. You need to follow the below mentioned steps to register and authenticate your payee: