Yes. Individual credits beyond Rs.10,000 have,. however to be supported by documentary evidence to indicate that the funds represent legitimate dues of the account holder.

Yes. Debits for local payments are allowed freely, Funds representing legitimate dues of the accounts holder of proceeds of remittances received from abroad through banking channels are permitted to be credited freely.

Funds representing legitimate dues of the account holder from local sources and proceeds of remittances received from abroad through normal banking channels are credited freely. For credits of amount equal to and beyond INR 100,000, form A4 needs to be provided

Debits are allowed freely, however debits for investments in shares/securities/commercial paper of Indian companies or for purchase or immovable property in India should be covered by general/specific permission of RBI. Credits to an account, through funds from a local source would be permissible only if the funds are of repatriable nature.

Yes. Authorised dealers may allow such overdrawings up to Rs. 1,000/- subject to the condition that the overdrawings together with the interest payable thereon are cleared within a period of two weeks.

Quickremit - Our completely online remittance service that enables you to remit funds to a beneficiary in India from the US, UK and Singapore. IndiaLink - A fast and efficient way to send remittances to India through Exchange Houses in the Gulf. Telegraphic transfer - SWIFT money transfers into your account from any of our correspondent banks overseas.

The Non Resident Ordinary (NRO) Account is a savings account held in India, in Indian rupees. The NRO account can be funded through NRI income in India. Only the interest in an NRO account is repatriable. Interest income on this account is liable for Indian Income Taxes.

After you have logged into your account you will see how many credits you have in your account on the left hand side under "My Account." back to top

Opening credits are allowed and do not count against the credit time limit. However, they do count against the seven minutes of film. Remember, the audience is here to watch, not read.

You can create a Fixed Deposit online using the NetBanking facility provided against your NRE / NRO Rupee Savings Account. In case you do not have NetBanking access, you can fill the application form and send it to your branch in India.

If the payment information on your payment confirmation is correct and we fail to send a payment according to your instructions, we will bear responsibility for late charges up to a $50.00 maximum.

Debits for local payments/investments are allowed freely. Credits to an account, of funds emanating from a local source would be permissible only if the funds are of a repatrible nature i.e. eligible to be remitted abroad.

Yes, the interest on NRO Savings Account is subject to tax deduction at source as per the applicable tax rates.

Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRO account cannot be remitted abroad but used only for local payments in rupees. Consequently, funds remitted from abroad or local funds which can otherwise be remitted abroad to the account holder can only be credited to NRE accounts. Funds which do not qualify, under the Exchange Control regulations, for remittance outside India are required to be credited to NRO accounts.

Investment bearing a rating of 1 of the 3 highest grades as defined by a nationally recognized organization rating securities. Investment in an obligation of a state or governmental subdivision, agency, or instrumentality of a state. Receivable payable to the licensee from its authorized delegate pursuant to contracts that are not past due or doubtful of collection if the total amount of receivables do not exceed 20 percent of the total permissible investments.