Remittance of Current
Outbound remittance of current income from sources like rental
fees, bonus, annuity, interest and dividends is permitted to
NRIs and PIOs who do not hold an NRO account in India, subject
certificate issued by a Chartered Accountant endorsing the
remitted amount as being eligible for transfer out of India.
taxes due on the income have been duly paid.
and PIOs also have the option of crediting their current
income from the sources mentioned above to their non-resident
account once applicable taxes are paid
Banks are authorised to issue International Credit Cards to
NRIs and PIOs without seeking approval from the