Overdraft limit against NRE and FCNR Deposits enhanced to Rs.100 Lakhs against the previous overdraft limit of Rs.20 Lakhs.
Credit to NRE encashment
Proceeds of demand drafts/ banker's cheques issued against encashment of foreign currency can be credited to NRE accounts where such instrument issued is supported by an Encashment Certificate issued by AD category I/ category II (Authorised Money Changers).
Remittance facility is available upto USD 1 million per financial year subject to prescribed documentation.
- Use our currency calculator to convert your transfer amount
Apply for NRI PAN
- Why do I need a PAN?
Every NRI must have a Permanent Account Number to trade or invest in India for almost all transactions.
Confused about which account to choose? Use the compare account guide.