In brief

Identify the source of the funds, then ask your authorised dealer bank which remittance route and documents apply. Eligibility under the remittance-of-assets facility is conditional.

Source for this answer: Reserve Bank of India: Remittance of assets

What can change the answer: Do not treat one limit as permission for every transfer. The source of money, account status, tax evidence and applicable facility matter.

More context

RBI’s remittance-of-assets facility permits eligible NRI/PIO remittances up to US$1 million per financial year under specified conditions. It is not a universal cap for every outward transfer, nor automatic permission for any funds.

Your next steps

0 of 5 steps complete · Next: Trace the source

  1. Ask the bank to identify the route

    Confirm the applicable account and remittance category before arranging a large transaction.

  2. Reconcile earlier remittances

    For a limit-based facility, disclose other relevant transfers in that financial year.

  3. Prepare the evidence

    Ask for the bank’s current documentary and tax-compliance list, including whether particular declarations or CA certification are required.

  4. Check the receiving end

    Confirm beneficiary details, destination-bank requirements, charges and any reporting in your country of residence.

Suggested preparation sequence. Your authority may require a different order. Progress stays on this device.

What to have ready

0 of 4 prepared

Keep documents in your own secure records. Tick what you have; nothing is uploaded.

Continue your preparation

Convert a resident bank account to NRO: an NRI checklistA practical checklist for your existing bank, with the reasons, documents and follow-through.NRI selling property in India: documents and process checklistPlan the sale, buyer withholding and movement of proceeds together.
More connected guides

Inheriting property in India as an NRI: documents and next steps

Start with the source of the money

Prepare a funds trail

Record whether the money arose from rent, savings, inheritance, investments or a property sale. Gather the supporting records without uploading them here.

Ask the authorised dealer bank

Request the facility, eligibility checks, current forms and supporting tax evidence applicable to that source. Ask what remains outstanding before conversion or transfer.

Compare the complete cost

For the same illustrative transfer, compare the exchange rate, bank charges, intermediary fees and destination amount. Confirm receiving-account details independently before authorising payment.

Practical checklist added 2026-09-23. This is an editorial addition, not a fresh review of every legal statement in the guide.

Model the decision with your own figures

Prepare the dates, currencies, costs and amounts you know. Keep tax eligibility, provider access and uncertain assumptions on your adviser’s question list. The calculators show those assumptions explicitly.

Deposit and currency comparisonReview the supported scope and enter your own scenario.Private portfolio access reviewReview the supported scope and enter your own scenario.

For a return to India, add education, parents’ support, healthcare, partner income and locked funds to the household timeline. Bring supporting-tool figures into it only after reviewing timing, currency and overlap.

Illustrative situation

Your balance includes both rent and property-sale proceeds. Give the bank a breakdown so it can assess each source instead of treating the combined balance as one category.

A fictional preparation example, not a determination of eligibility, tax or legal rights.

Questions to take to an adviser

  • Which remittance provision applies to these funds?
  • What part of any annual facility have I already used?
  • Which declarations or certificates are required for this transaction?
Pause if you hear thisThe US$1 million facility is not a fresh allowance for each property or each bank account.

Who can help

An authorised-dealer bank and a CA where tax documentation is required.

Check an adviser before paying or signing

Sources & review limits

Published by NRIdisha. Prepared with AI assistance. No individual author or qualified professional reviewer is credited for this guide.

Editorial change 2026-09-23: clearer title, direct opening answer, practical preparation checklist, illustrative situation and related guides. Sources beside factual opening answers identify the supporting material; practical suggestions are labelled separately. Earlier source-check dates remain unchanged.

Editorial standards, coverage and corrections

Official sources support the statements they address. They do not certify this guide or your eligibility. Open the source and check current amendments before acting.

Income Tax Department (opens in a new tab) · Reserve Bank of India (opens in a new tab) · National Portal of India (opens in a new tab)

Correction or missing context?

Keep this page’s title, the exact statement and the official source. Email them to support@nridisha.com. Do not include personal documents.