Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
NRO bank accounts are non-repatriable accounts. However, since May 2012, RBI has permitted repatriation from NRO account up to USD 1 million per financial year subject to certain documentation requirements.
The principal amount in the NRO bank account is not repatriable; however, the interest earned is freely repatriable post deduction of taxes. The limit of USD 1 million applies to other balances accumulated in NRO accounts by way of Indian income or from the sale of the financial asset or immovable property.
