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Repatriation
 
 
 

Repatriation is the transfer of funds from India to your account overseas. If you are planning to buy a property in India with your overseas funds then the funds can be remitted to your Indian account. And while selling the property, the funds can be transferred to your account overseas.

Ways for Repatriation:
NRI accounts-
  • RFC account (Resident Foreign account): This account is available for those Indians who are permanently returning back to India.
  • NRE (Non-Resident External Account) account (Savings/Current/ Fixed Deposits): This does not require prior permission from RBI. Many banks offer this facility.
  • FCNR (Foreign Currency Non-Resident Account) (Deposits): FCNR Deposits are fully repatriable and the entire deposit is exempted from tax.
  • NRO account Non-Resident Ordinary Account(Savings): NRO deposits are not repatriable (principal) except on current NRI income like rent, dividend, pension, etc. and remittances indicated under "Repatriation of NRO Funds" only after payment of taxes due in India. Interest is freely repatriable.

  • Terms and conditions for Repatriation:
  • Repatriation should be done via 'authorized person'.
  • Income earned out of interest, dividends, rent, from any type of deposit, investment or properties is allowed for repatriation.
  • Property against which remittance is sought should be acquired in accordance with the provisions of foreign exchange law in force and should be according to the laws.
  • Repatriation is allowed only after obtaining special permission of the Reserve Bank of India on specific reasons such as adversity and subject to conditions as specified in the permission.
  • Documentary evidence in support of acquiring the funds proposed to be remitted should be produced.

  • Legacy and Bequest:
  • NRIs/PIOs are permitted to repatriate the funds held in their NRO A/c up to US $ 100,000 a year where sale proceeds of immovable property held by them for period of not less than 10 years is subject to payment of taxes. If the property is sold within 10 years remittance can be made, only if the sale proceeds have been held by the NRI/PIO for the balance period in an NRO Account. Such NRIs are exempted from RBI permission.
  • Any NRI holding immovable property in India, who does not match the eligibility criteria, mentioned in the above clause require RBI permission to repatriate property's sale proceeds.


  • *Disclaimer- Data provided above is strictly for informational purposes only. We do not make any claims on accuracy of information.

    Testimonials

    First of all I would like to thank  you  and the Gera team for organizing different workshops at our doorstep.
    The best thing I have done to my kids is that I  took a right decision to buy a flat in Gera.
    Because of this decision , Vishnu could attend  the development workshops that were conducted.
    Vishnu was a shy child who didn't like to participate in any of the programmes.
    As far as Dale Carnegie workshops is concerned   it  has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..

    My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days.

    ..

    It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
    The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.

    ..

    This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
    I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
    It’s nice to see them constructively engaged, and coming home happy and having felt productive in their own child little way. It’s a great way for them to bond with other young ones and feel belonged to a larger community.
    Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
    Now they are looking forwar..

    Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
    It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
    And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.

    ..