repatriable in A Sentence
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Investment on Repatriable Basis.
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2
No. An NRI must open separate Demat accounts for holding'Repatriable' and'non-Repatriable' securities.
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3
In respect of Repatriable scheme the NRIs have the choice of following schemes for depositing their savings with Our Bank.
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4
Credits in the account, of funds emanating from a local source would be permissible only if the funds are of Repatriable nature.
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5
The NRI needs to mention the type('NRI' as compared to'Resident') and the sub-type('Repatriable' or'Non-Repatriable') in the account opening form collected from the Depository Participant.
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6
All your existing Repatriable accounts can be transferred to RFC(Resident Foreign Currency) accounts denominated in any one/ or more than one foreign currencies- USD, GBP, Euro, JPY, CAD and AUD.
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7
Not Repatriable except for the following in the account- 1 Current income 2 Upto USD 1 Million per financial year(April- March), for any bonafide purpose out of the balances in NRO account/ sale proceeds of assets in India acquired by way of inheritance/ legacy inclusive of assets acquired out of settlement subject to certain conditions.
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