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.
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