Repatriation · FEMA
How much can you send out this year?
USD 1 million per financial year · NRO → overseas
Under FEMA, an NRI/PIO can repatriate up to USD 1 million per financial year (Apr–Mar) from NRO balances representing legitimate dues — net of applicable Indian taxes. NRE balances are freely repatriable and don't count against this limit.
Your numbers
Use your bank's TT-buying rate
Will be netted out of remittable amount
Across all banks, Apr–Mar
Current income is freely repatriable after TDS.
Repatriable this FY
$236,686
≈ ₹2,00,00,000 at ₹84.50/USD
USD 1M headroom remaining$1,000,000
FY utilization so far0.0%
NRO balance in USD$236,686
Net of pending tax$236,686
Forms required
Form 15CA Part C + Form 15CB (CA certificate). Submit on Income Tax e-filing portal before AD bank initiates SWIFT.
How this is computed
- ·USD 1M limit applies per financial year (1 Apr to 31 Mar), per individual, across all authorised dealer banks.
- ·NRE account balances are fully repatriable and do NOT count toward the USD 1M cap.
- ·Form 15CA Part D suffices when remittance is ≤ ₹5 lakh in the FY. Above that, Form 15CB (CA certificate) + Form 15CA Part C are mandatory.
- ·Source funds must be tax-paid and legitimate (rent, dividends, sale proceeds, inheritance, retirement benefits). Loans, gifts above limits and unaccounted funds are restricted.
- ·Sale of immovable property: up to 2 residential properties' sale proceeds may be repatriated, subject to the USD 1M cap and Section 195 TDS being settled.
- ·Lower Deduction Certificate (Form 13) is strongly recommended before the buyer deducts TDS at headline rates on property sales.
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