The following types of remittance are allowed subject to the conditions as laid down in the Foreign Exchange management Act.

1. Remittance of current income

Remittance of current income like rent, dividend, pension, interest etc in India by debit to the NRO account . Persons who do not maintain NRO account in India based on an appropriate certification by Chartered Accountant, certifying that the amount proposed to be remitted is eligible for remittance and that applicable taxes have been paid /provided for.

1. Remittance of assets of foreign national of non-Indian origin.
2. Foreign national of non Indian origin who has retired from employment in India or has inherited assets in India or who is an widow of an Indian citizen who was resident in India, may remit amount not exceeding USD one million per financial year ( April-March) subject to satisfaction of the Bank(AD).
3. These facility is not available to citizen of Nepal & Bhutan.
4. Remittance of assets by NRI/PIO
5. A Non –Resident Indian or Person of Indian Origin may remit an amount up to USD one million, per financial year , out of balances held in his Non- Resident Ordinary Rupee (NRO) account / sale proceeds of assets ( inclusive assets owned by way of inheritance or settlement) all bona-fide purpose , subject to satisfaction of the Bank and on production of an undertaking by the remitter and certificate by a Chartered Accountant in the format prescribed by the Central Board of Direct Taxes.
6. NRI/ PIO may remit sale proceeds of immovable property purchased by him out of rupee funds ( or as a person resident in India) as indicated in paragraph ‘a’ above without lock-in-period. In respect of remittance of sale proceeds of assets acquired by way of inheritance or legacy or settlement of which there is no lock-in- period, NRI / PIO may submit documentary evidence in support of inheritance or legacy of assets, an undertaking by the remitter and certificate by a chartered accountant in the prescribed format.
7. Remittance facility in respect of sale proceeds of immovable property is not available to citizens of Pakistan Bangladesh , Sri Lanka, China, Afghanistan, Iran, Nepal and Bhutan.

1. Remittance of Salary
2. A citizen of a foreign state resident in India, being an employee of a foreign company and on deputation to to the office / Branch / Subsidiary / Joint venture in India of such foreign company or being an employee of a company incorporated in India may open, hold or maintain a foreign currency account with a bank outside India and receive / remit the whole salary payable to him for the service rendered by credit to such account , provided that income tax chargeable under the IT act 1961 is paid on the entire salary.
3. A citizen of India, employed by a foreign company outside India and on deputation to the office/ branch/ subsidiary/ joint venture in India of such foreign company, may open, hold and maintain a foreign currency account with a bank outside India and receive the whole salary payable to him for the services rendered to the office/ branch/ subsidiary/ joint venture in India of such foreign company, by credit to such account, provided that income tax chargeable under the Income Tax Act, 1961 is paid on the entire salary as accrued in India.

1. Repatriation of sale proceeds of residential property purchased by NRIs / PIO out of foreign exchange

1. Repatriation of sale proceeds of residential property purchased by NRI / PIO is permitted to the extent of the amount paid for acquisition of immovable property in foreign exchange received through banking channels. The facility is restricted to not more than two such properties. The balance amount can be credited to the NRO account and can be remitted under USD one million facility as mentioned above.
2. Bank may permit repatriation of amounts representing the refund of application / earnest money / purchase consideration made by the house building agencies / seller on account of non-allotment of flat / plot / cancellation of bookings / deals for purchase of residential / commercial property, together with interest, if any (net of income tax payable thereon), provided the original payment was made out of NRE / FCNR (B) account of the account holder, or remittance from outside India through normal banking channels and the Authorized Dealer bank is satisfied about the genuineness of the transaction. Such funds may also be credited to the NRE / FCNR (B) account of the NRI / PIO, if they so desire.
3. Bank may allow repatriation of sale proceeds of residential accommodation purchased by NRIs/PIO out of funds raised by them by way of loans from the authorized dealer banks / housing finance institutions to the extent of such loan/s repaid by them out of foreign inward remittances received through normal banking channel or by debit to their NRE / FCNR(B) accounts.

• Facility for students.
• Students going abroad for studies are treated as Non- Resident Indians (NRIs) and are eligible for all the facilities available to NRIs under FEMA.
• As non-residents, they will be eligible to receive remittances from India (i) up to USD 100,000 from close relatives in India, on self declaration, towards maintenance, which could include remittances towards their studies also (ii) up to USD 1 million per financial year, out of sale proceeds of assets / balances in their NRO account maintained with the Bank in India and (iii) upto USD 200,000 per financial year under the Liberalized Remittance Scheme.
• All other facilities available to NRIs under FEMA are equally applicable to the students.
• Educational and other loans availed of by them as residents in India will continue to be available as per FEMA regulations.