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Permitted Debits | NRIAccount.com

NRE Account » Permitted Debits

Debits for local payments/investments are allowed freely. Credits to an account, of funds emanating from a local source would be permissible only if the funds are of a repatriable nature i.e. funds which are eligible to be remitted abroad. 

  • Local disbursements
  • Remittances outside India
  • Transfer to NRE/FCNR accounts of the account holder or any other person eligible to maintain such account.
  • Investment in shares/securities/commercial paper of an Indian company or for purchase of immovable property in India within prescribed regulations.
  • Any other transaction if covered under general or special permission granted by the Reserve Bank.
Permitted credits and debits to NRO accounts 

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