NRO repatriation rules allow NRIs to transfer funds abroad up to USD 1 million per financial year, subject to taxes and documentation such as Form 15CA/15CB. While income earned in India can be repatriated, the principal amount from non-repatriable investments remains restricted. Proper documentation and compliance with FEMA and RBI guidelines are essential for smooth fund transfers.
Foreign Direct Investment (FDI) made by Non-Resident Indians (NRIs) through Non-Resident Ordinary (NRO) accounts is classified as non-repatriable under India's Foreign Exchange Management Act (FEMA). This means the principal amount and capital gains from such investments cannot be freely transferred…
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