259. Repatriation from NRO

Account in India?

Q: Dear Mr. Chand, I still have the following questions on NRO accounts. (a) Apart from Pension, Can I credit from my other Indian earnings such as dividends from shares, house rents etc into NRO account? Can such earnings be expatriated. (b) Can my existing FDs be expatriated (c) What is the procedure and condition for such repatriation? Is there any formal reference document for such procedure. Thanks again for your guiding answers. regards Viswanath A. House rent can be repatriated. As for dividends, If your investments are specifically under non-repatriable schemes then they would be repatriable. The same goes for your bank accounts. Generally, NRO Funds are repatriable, depending on the source of the funds and subject to a chartered accountant certificate in the prescribed format, made by a 'Registered Chartered accountant' which has to be submitted along with undertaking signed by the account holder.