Q.1141 Indian Air Force pensioner living in Canada - Transfer pension

Question: I am an IAF pensioner getting my pension in NRO acct in SBI, Cuttack, India Can I get my accumulated pension ( rupees) exchanged and wire transferred into my account in Canada? What is the latest ruling on this and the procedure to do this? Thanking you, Answer: Pension income received in India by a Canadian NRI can be sent to Canada from India. You should contact your bank in India to set up the process of transferring your pension to your Canadian bank account. You will have to advise your bank of your residential status, give them an application to transfer your pension income and complete the forms required for transfer of funds abroad. Kindly view an article titled ‘Documents required & Procedure to send money abroad from NRO Account’ to get an idea of forms required and also view sample forms.
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Q.1141 Indian Air Force

pensioner living in Canada -

Transfer pension

Question: I am an IAF pensioner getting my pension in NRO acct in SBI, Cuttack, India Can I get my accumulated pension ( rupees) exchanged and wire transferred into my account in Canada? What is the latest ruling on this and the procedure to do this? Thanking you, Answer: Pension income received in India by a Canadian NRI can be sent to Canada from India. You should contact your bank in India to set up the process of transferring your pension to your Canadian bank account. You will have to advise your bank of your residential status, give them an application to transfer your pension income and complete the forms required for transfer of funds abroad. Kindly view an article titled ‘Documents required & Procedure to send money abroad from NRO Account’ to get an idea of forms required and also view sample forms.
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