Q: As per RBI rules, money cannot be repatriated from the NRO Account What should a pensioner do when his pension amount is credited to NRO account and he wants to repatriate that amount? Will you please elicit your views as to how one should go about having the pension repatriated?
Money cannot be transferred from an NRO account freely the way it can be from an NRE account. However, for your pension amount, you can remit this after tax thereon is paid. You will be required to submit Form 15CA and Form 15CB. Note that Form 15CB is in effect a certificate from an Indian Chartered Accountant – so you will have to contract an accountant to fill and sign the certificate for you.