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How to transfer money from your NRO account to your NRE account/ Overseas account?
NRI clients are always confused about what are Form 15CA and Form 15CB and how they can remit money outside India.
A THREAD
#NRI #15CA #15CB
NRI clients are always confused about what are Form 15CA and Form 15CB and how they can remit money outside India.
A THREAD
#NRI #15CA #15CB
First, important point -
NRE accounts are freely repatriable. This means that you don't need to submit any forms to your Bank to transfer money from an NRE account to your foreign bank account outside India.
NRE accounts are freely repatriable. This means that you don't need to submit any forms to your Bank to transfer money from an NRE account to your foreign bank account outside India.
However, to transfer money from your NRO account to NRE account, you will need the following documents:
Form 15CA – a self-declaration
Form 15CB – a Chartered Accountant’s Certificate
Form A2 and Application for outward remittance
Documentary proof of the sources of the funds
Form 15CA – a self-declaration
Form 15CB – a Chartered Accountant’s Certificate
Form A2 and Application for outward remittance
Documentary proof of the sources of the funds
