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Tool
Two step-by-step tools for NRI money: which account the rules point to, and the order of operations for moving money out of India — with the forms named as they stand today.
NRE holds overseas earnings; NRO holds rupees earned in India. The wrong account makes interest taxable that need not be, or leaves a balance that cannot leave the country freely. Nothing here is advice — the caveats below the result are the conditions your bank will apply.
Account mix your answers point to
No NRI account needed yet
Conditions that decide the outcome
RBI — accounts in India by non-residents · educational tool, not advice. Confirm your residency position and paperwork with your bank.
The sequence a bank walks you through when money leaves India: residency proof, the declaration form, the chartered-accountant certificate where it is asked for, the USD 1 million per financial year facility for eligible balances, and the tax position that has to be settled first.
Your checklist
2 items to do
NRE for overseas earnings, NRO for rupees earned in India, both if you have each. The account type decides taxability and how freely the balance can leave.
Account chooser →NRE/NRO treatment, the NRE interest exemption and repatriability all turn on being a person resident outside India under FEMA. Banks ask for proof of overseas residency or the change of status on the way back.
NRI hub →Nothing you enter leaves your device. Educational content, not advice — residency, treaty eligibility and FEMA permissions depend on your facts, so confirm with your bank or a chartered accountant before moving money.
The remittance forms were renumbered: Form 145 (earlier Form 15CA) is the foreign-remittance declaration and Form 146 (earlier Form 15CB) is the chartered-accountant certificate that feeds Part-C of Form 145. Most pages still name the old numbers — and LRS, the USD 250,000 route, remains for residents only; NRI money moves under FEMA rules instead.
Read the account workflow in full → Read the repatriation workflow in full →
Reviewed 24 Sept 2026. Residency, treaty eligibility and FEMA permissions turn on your facts — the RBI and the Income Tax Department are the authority.
Educational, not advisory. Nothing you type leaves your device, and the tool recommends no bank, broker or route. Confirm the paperwork and your residency position with your bank or a chartered accountant before moving money.
Overseas earnings plus a need to move money back abroad points to an NRE account — interest exempt under section 10(4)(ii) and the balance repatriable. Receiving rent, pension or dividends in India points to NRO as well, where interest is taxable and remittance runs through the USD 1 million per financial year facility for eligible balances. The checklist then orders the steps: residency proof, Form 145 (earlier Form 15CA), Form 146 (earlier Form 15CB) where the bank asks for it, the tax position, and the TCS credit in your return.
The chooser applies NRE/NRO/FCNR(B) rules to your answers and lists the conditions that can change the outcome. The checklist keys off your account mix, whether money is leaving India and from which account, and whether you hold US assets — each item is either something to do, something already in place, or something to know, with a link to the official page behind it.
Verified 24 September 2026: the forms were renumbered from 1 April 2026 (Form 145 replaced Form 15CA and Form 146 replaced Form 15CB), LRS remains a resident facility capped at USD 250,000, and NRE interest is exempt under section 10(4)(ii) while you are a person resident outside India under FEMA. Nothing is stored or sent, and no bank, broker or route is recommended — residency and FEMA permissions depend on the reader's facts.
No. RBI frames the Liberalised Remittance Scheme for resident individuals, up to USD 250,000 per financial year. An NRI moves money under FEMA rules instead — most importantly the USD 1 million per financial year facility for eligible balances, which is conditional on taxes being settled and the bank's documentation.
Interest on NRE balances is exempt under section 10(4)(ii) while you remain a person resident outside India under FEMA. It stops applying when you become resident, and it never covered the investments you buy with the money.
Form 145 (earlier Form 15CA) is the foreign-remittance declaration furnished before remitting, and Form 146 (earlier Form 15CB) is the chartered-accountant certificate whose particulars feed Part-C of Form 145. They replaced the old numbers from 1 April 2026 — most pages online still name the retired ones.