Question 1

What is the annual repatriation limit for NRIs from NRO account?

Accepted Answer

NRIs can repatriate up to USD 1 million (approximately Rs 8.5 crore at current rates) per financial year from NRO accounts. This includes all current and capital account transactions like property sale proceeds, inheritance, rental income, etc.

Question 2

How many properties can NRIs sell and repatriate proceeds in a year?

Accepted Answer

NRIs can repatriate sale proceeds from maximum 2 residential properties per financial year. This is in addition to the USD 1 million overall limit. If you sell more than 2 properties, remaining proceeds cannot be repatriated in the same FY.

Question 3

What documents are required for NRO repatriation?

Accepted Answer

You need: CA Certificate (Form 15CA/15CB) for amounts above Rs 5 lakh, ITR acknowledgment for last 2-3 years, undertaking that taxes have been paid, source documents (sale deed, inheritance proof, etc.), and bank application form.

Question 4

What if my repatriation amount exceeds USD 1 million?

Accepted Answer

Amounts exceeding USD 1 million per year require special RBI approval. The excess can be kept in NRO account and repatriated in the next financial year. The limit resets on April 1st every year.

Question 5

Is NRE account repatriation also limited to USD 1 million?

Accepted Answer

No, NRE account funds are fully and freely repatriable without any limit. The USD 1 million limit applies only to NRO account. NRE deposits, interest, and maturity proceeds can be transferred abroad anytime without limit or documentation.

NRI Repatriation Limit Tracker

Related Calculators

NRI Account Comparison & Taxation

LRS & TCS on Remittances Calculator

NRI Capital Gains Tax Calculator

Related Articles

NRI Bank Accounts: NRE vs NRO vs FCNR Complete Comparison

Form 15CA & 15CB for NRI: Complete Filing Guide with Examples

Foreign Remittance Compliance 2025: Form 15CA/15CB Updates and LRS Rules

Related Tax Hacks

Form 15CA Withdrawal Trick

Frequently Asked Questions