Fixed Deposit

NRI Banking FAQS


What is Repatriation and what are the documents required?

Repatriation refers to the transfer of Indian Rupees in your IDFC Non-Resident Ordinary Savings Account or Non-Resident Ordinary Deposit either in foreign currency to your overseas account, or FCNR Deposit or transfer in Indian Rupees to your IDFC Non-Resident External (NRE) Account.

Repatriation of funds from a Non-Resident Ordinary Account is currently limited to $1 MM per financial year per individual. This means:

  1. If you have multiple NRO accounts with IDFC and with other banks, $ 1 MM is the aggregate limit across ALL your accounts
  2. If there are two holders in an account, the limit is per holder, and not per account.
  3. Limit applies to the aggregage amount across all categories of repatriation except current income.

Please read the “Repatriation from NRO Account” section under the Payments section in this website to learn more and to understand the documentation required for us to complete the transactions

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