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Permissible Credits | NRIAccount.com

NRO Account » Permissible Credits

  • Remittances from outside India through normal banking channels received in freely convertible foreign currency.
  • Any freely convertible foreign currency can be deposited into the account during the account holder’s visit to India. Foreign currency exceeding USD 5000/- or its equivalent in the form of cash has to be supported by a Currency Declaration Form. Rupee funds must be supported by an Encashment Certificate, if they are funds brought from outside India.
  • Current income earned in India, such as rent, dividend, pension or interest. Even proceeds from sale of assets including immovable property acquired out of rupee or foreign currency funds or through inheritance.
    • NRO account credits 

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