What is the process of repatriation from India to UK?
SBNRI Team
answered on 25/02/2023
Repatriation refers to the transfer of funds (both principal amount and the interest earned on the deposit) from any of the NRI Accounts [NRE/NRO/FCNR (B)] from India to the overseas bank account of the NRI in his/her country of residence.
The process of repatriation of funds from India to UK through your NRI Accounts are:
Accounts | Process | Limit |
1. ONLINE:
2. OFFLINE: Fill these 2 forms. (You can get them at the bank branch or download them online, sign them and send them to the bank branch in India via courier in case you are abroad.)
| No Limit | |
| All the following documents are needed to be submitted at the Bank Branch (in India). You can either submit it when you arrive here or download it online and send the signed copies to bank branch via courier:
| USD 1 million |
1. ONLINE:
2. OFFLINE: Fill these 2 forms. (You can get them at the bank branch or download them online, sign them and send them to the bank branch in India via courier in case you are abroad.)
| No Limit |
Also Watch: Different Types of NRI Accounts and their benefits and learn more about repatriation from India to UK in detail along with understanding how these basic accounts operate.
Related Questions
SBNRI Team
answered on 27/02/2023
Yes. NRIs can repatriate the balance in their NRO account (only current income such as rent & pension and other income where taxes are not deducted at source). Although, the funds are not freely repatriable. The Reserve Bank of India (RBI) allows NRIs to remit up to USD 1 million per financial year from […]
SBNRI Team
answered on 16/11/2020
We have made a special video on how to select the cheapest medium for remittance. You can find the video below: Keeping in mind the factors mentioned in the video, which are: Final amount received Exchange rate, and Time frame (Urgency) We’d suggest you to go ahead with Transferwise whom we have partnered […]
SBNRI Team
answered on 20/03/2023
There is no limit to repatriate funds from FCNR accounts as it is fully and freely repatriable FD account. As this account is opened in a foreign currency, there is no risk for fluctuations in currency conversion, which makes it safer than other NRI fixed deposits. What is an FCNR Account? A […]
SBNRI Team
answered on 24/03/2020
You can send money from India to Middle-East from either of your NRI Accounts. The taxes on sending money from India to Middle-East depends on the type of account chosen. Taxes on sending money from India to Middle-East: NRE: The NRE account can be opened for the purpose of maintaining the income earned […]
