Remittance of Current Income
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 to
- A certificate issued by a Chartered Accountant endorsing the remitted amount as being eligible for transfer out of India.
- All taxes due on the income have been duly paid.
NRIs 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
International Credit Cards
Banks are authorised to issue International Credit Cards to NRIs and PIOs without seeking approval from the RBI.