fema

/Tag:fema

Remittance from NRO Account

OUTSOURCED ACCOUNTING Serive At Finegral

Introduction: A Non-resident Ordinary (NRO) account is a savings or current account held in India that helps NRIs manage income earned in India such as rent, dividends, or pension from abroad. The account holder can deposit and manage accumulated rupee funds conveniently through an NRO account. Repatriation under NRO account: The principal amount is not repatriable and can be used only for local payments. However, the interest earned is fully repatriable. Other current incomes such as pensions, dividends, rent, etc are also repatriable,