Repatriation of Bank Funds
We assist NRIs in transferring funds from their Indian bank accounts to foreign accounts, ensuring compliance with regulatory norms.
Problem Addressed:
Transferring funds abroad involves understanding repatriation limits, tax implications, and completing necessary documentation, which can be complex for NRIs.
Process Flow:
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1. Account Assessment:
Determine the type of account (NRO, NRE) and the source of funds. -
2. Tax Compliance:
Ensure all applicable taxes on the funds have been paid. -
3. Documentation Preparation:
Prepare Form 15CA and obtain Form 15CB from a Chartered Accountant, certifying tax compliance. -
4. Submission to Bank:
Submit the forms along with a request for repatriation to the authorized dealer bank.
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