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Bank Accounts

Can I repatriate funds from NRO Account

Yes, you can repatriate funds from your NRO (Non-Resident Ordinary) account, subject to the following conditions : 

Interest income from the NRO account is fully repatriable after applicable taxes.
Principal amount can be repatriated up to USD 1 million per financial year, post-tax deduction .
Repatriation requires submission of:
Form 15CA (self-declaration of tax liability)
Form 15CB (Chartered Accountant’s certificate confirming tax compliance)
Form A2 (bank declaration for foreign exchange)
Supporting documents for the source of funds

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