{"id":3485,"date":"2023-12-25T12:00:11","date_gmt":"2023-12-25T12:00:11","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=3485"},"modified":"2025-06-10T13:10:06","modified_gmt":"2025-06-10T13:10:06","slug":"a-guide-to-nri-repatriation","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/a-guide-to-nri-repatriation\/","title":{"rendered":"How Can NRIs Transfer Money From India – Complete Guide"},"content":{"rendered":"\n
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If you are coming across this article it\u2019s either because;<\/span><\/p>\n\n\n\n

1.<\/strong> You’re abroad and want to repatriate money from your Indian bank account.<\/span><\/p>\n\n\n\n

OR<\/strong><\/p>\n\n\n\n

2.<\/strong> You’re planning a long-term or permanent move abroad and need to know about NRI money transfers from India.<\/span><\/p>\n\n\n\n

Whether you’re a seasoned expatriate or new to international transfers, this guide simplifies NRI money transfers for you.<\/p>\n\n\n\n

Also,<\/b> learn how to book NRI money transfers online and at the cheapest exchange rates in India. <\/span>\n

Want to get to the good part fast? <\/span>Click here<\/a><\/span><\/span> to scroll down.<\/span><\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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Table of Contents<\/b><\/p>\n\n\n\n

NRI Money Transfer According to Account Type in India<\/a><\/span><\/p>\n\n\n\n

    \n
  1. Savings Account<\/a><\/li>\n\n\n\n
  2. NRE<\/a><\/span><\/li>\n\n\n\n
  3. NRO<\/a><\/span><\/li>\n\n\n\n
  4. FCNR<\/a><\/span><\/li>\n<\/ol>\n\n\n\n

    How to book NRI money transfer online at the cheapest exchange rate<\/a><\/span><\/p>\n\n\n\n

    Frequently Asked Questions<\/a>
    <\/a><\/p>\n<\/div>\n\n\n\n

    NRI Money Transfer According to Account Type<\/span><\/h2>\n\n\n\n

    <\/a><\/p>\n\n\n\n

    1. Savings Account<\/span><\/h3>\n\n\n\n

    As per RBI rules, NRIs are not allowed to have an Indian savings bank account. <\/span><\/p>\n\n\n\n

    They must convert their existing savings bank account into one of the three NRI account types; NRE, NRO or FCNR.<\/span><\/p>\n\n\n\n

    Thus, if you are going abroad soon, you must inform your bank regarding your impending NRI status. This is to start the process of converting your savings bank account into an NRI account.<\/span><\/p>\n\n\n\n

    RBI does not allow NRIs to do self-remittance from their savings account.<\/span><\/p>\n\n\n\n

    \"Steps<\/a><\/figure>\n\n\n\n

    If you have any doubts related to transferring money from a savings account, you can directly whatsapp our NRI repatriation team.<\/span><\/p>\n\n\n\n

    \u260e +91-9037000696<\/span>\n

    \ud83d\udce7 care@extravelmoney.com<\/span><\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    <\/a><\/p>\n\n\n\n

    2. NRE – Non-Resident External Rupee Account<\/span><\/h3>\n\n\n\n

    Used for storing your foreign earnings in India in Indian Rupees. <\/span><\/p>\n\n\n\n

    The high point of holding an NRE account is that you can repatriate the entire foreign earnings without any limit. Also, the repatriation process is generally easier than in the case of an NRO account with lesser documentation requirements.<\/span><\/p>\n\n\n\n

    So how to transfer money from your NRE account to your bank account abroad? Let\u2019s take a look. <\/span><\/p>\n\n\n\n

    \"NRE<\/a><\/figure>\n\n\n\n

    NRE Account Overseas Money Transfer Process<\/span><\/h4>\n\n\n\n

    1.<\/strong> Branch Visit<\/strong><\/span><\/p>\n\n\n\n

    Visit your bank branch and request for money transfer from your NRE account to your foreign bank account.<\/span><\/p>\n\n\n\n

    2.<\/strong> Rate Confirmation<\/strong><\/span><\/p>\n\n\n\n

    The bank official will detail the conversion rate, service fees, GST, and intermediary bank fee. If you are ok with that, you can confirm the transaction. <\/span><\/p>\n\n\n\n

    Note:<\/strong> Repatriation through banks might cost you a lot as they impose a very high exchange rate. Also, banks charge excessively high service fees.<\/span><\/p>\n\n\n\n

    3.<\/strong> KYC Document Verification<\/strong><\/span><\/p>\n\n\n\n

    Submit the following documents at your branch for KYC verification;<\/span><\/p>\n\n\n\n