What are the Permitted Debits in NRE account?

The followings are the permitted debits in NRE account of an Individual with any of the banks in India.

i. Local payments.

i. Remittances abroad.

ii. Transfer to NRE/FCNR (B) accounts of the same account holder.

iv. Transfer to NRE account of person other than the account holder subject to conditions.

v. Investment in shares/securities /commercial paper of an Indian company or for purchase of immovable property in India provided such investment/purchase is covered by the regulations made or the general/special permission granted by the Reserve Bank of India.

vi. Any other transaction if covered under general or special permission granted by the Reserve Bank of India.

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