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Is repatriation of FCNR funds to non-resident nominees permitted?

April 26, 2017FCNR funds nominees non-resident permitted Repatriation

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Is repatriation of FCNR funds to non-resident nominees permitted?

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Ans. Yes. (Also see answer to Q. 26 for repatriation of funds in NRE account) Q.

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Yes. (Also see answer to for repatriation of funds in NRE account) What is the status of FCNR accounts on the return of the account holder to India? Banks would treat the deposits held in FCNR accounts as resident deposits but would continue to pay interest at the contracted rate till maturity of the deposit. Back Write to us what you think of the article Email : webmaster@capitalmarket.