NRI Repatriation Limit Checker
NRO balances, sale proceeds of assets and inherited assets remitted outside India or to NRE since April 1st. Leave out rent and other current income.
Remaining $1M Limit
$1,000,000
RBI Approval Required?
No — Within Limit
Understanding the $1 Million Limit
Under FEMA and RBI's Master Direction on Remittance of Assets, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are permitted to remit up to USD 1 million per financial year out of NRO balances, sale proceeds of assets and inherited assets without requiring special RBI approval. (The Liberalised Remittance Scheme is a separate, resident-only facility and does not apply to NRIs.)
Rent is current income. After tax, it can be sent abroad through your bank, and it does not count against the USD 1 million limit. The same goes for dividends, pension and interest.
To send property sale proceeds overseas, your bank will usually ask for:
- Form 145: A declaration of remitter, submitted online.
- Form 146 or an Assessing Officer certificate: Added where the remittance is chargeable to tax and above ₹5 lakh in the tax year. In Form 146, a Chartered Accountant certifies whether, and how far, the remittance is chargeable to tax in India, including any treaty position.
Your CA and bank will decide which Part of Form 145 fits. For a transfer to NRE or SNRR, your bank will ask for the tax paperwork it needs, often including a CA certificate.