Cash Deposit

Can I deposit cash in my NRE account?

No, you cannot deposit INR cash in an NRE account because NRE accounts are used to maintain the income earned outside India.

Can I deposit cash in my NRO account?

Yes, you can deposit cash in an NRO account after sharing the source of income of the money that you are depositing with the bank. There is no limit on how much you can deposit.

What are the provisions and limitations associated with repatriating and transferring funds from an NRO Account?

With an NRO Account, you are free to repatriate or transfer the interest you earn on the principal amount deposited. You can also transfer the principal amount within specified limits. As per rules, you can transfer up to USD 1 million in one financial year post payment of applicable taxes.