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

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

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

6 Answers

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Ans. Funds held in the NRO account will be allowed to be credited to the non-resident nominee’s NRO account only and no repatriation is permitted. Funds from the deceased person’s NRE account paid to resident nominee will be allowed for remittance outside India for meeting liabilities if any of deceased account holder or for similar other purposes by submitting application to RBI.

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Funds held in the NRO account of the deceased NRI will be allowed to be credited to the non-resident nominee’s NRO account only and no repatriation is permitted. Repatriation of funds from the deceased person’s NRE account to the non-resident nominee is permitted.

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Funds held in NRO account will be allowed to be credited to the non-resident nominee’s NRO account only and no repatriation is permitted. Repatriation of funds from the deceased person’s NRE account will be permitted by authorised dealers.

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Ans. Funds held in NRO account will be allowed to be credited to the non-resident nominee’s NRO account only and no repatriation is permitted. Repatriation of funds from the deceased person’s NRE account will be permitted by authorised dealers.

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Ans. Funds held in NRO account will be allowed to be credited to the non-resident nominee’s NRO account only and no repatriation is permitted. Repatriation of funds from the deceased person’s NRE account will be permitted by authorised dealers. Q.