Repatriation of funds does not always require direct approval from the Reserve Bank of India (RBI). Under the Liberalised Remittance Scheme (LRS) and FEMA guidelines, authorised dealer banks (AD Category-I) are permitted to handle most repatriation requests directly, provided the funds are from legitimate and compliant sources.
Individuals and NRIs can approach their banks with required documents like Form 15CA/15CB, proof of source of funds, and KYC details. RBI approval is only needed in exceptional cases where transactions fall outside the automatic route. Thus, in most cases, repatriation can be done directly through banks.
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Is RBI approval mandatory for repatriation, or can it be done directly through banks?
is RBI approval is generally not needed for repatriation — banks can process it directly if it’s from NRE/FCNR accounts or property sale within the $1 million yearly limit. RBI approval is only required in special cases beyond these limits.
Komerla
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2025-09-26T17:11:59+00:00 2025-09-26T17:12:01+00:00Comment
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