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Can funds in NRE/ NRO accounts be repatriated outside India?

April 26, 2017accounts funds India NRE nro outside repatriated

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Can funds in NRE/ NRO accounts be repatriated outside India?

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Banks in India have been authorised to allow repatriation of funds held in NRE accounts freely. Funds held in NRO accounts which would generally be from a local source cannot ordinarily be repatriated outside India. Reserve Bank would consider repatriation of such funds on the merits of each case provided it is satisfied that the funds are of a repatriable nature and have not also lost their identity.