NRO to NRE Transfer Declaration
Request your bank to move money from your NRO account to your NRE account, with the source of funds and tax compliance details.
What it is
Funds in an NRO account, such as rent, pension, dividends or sale proceeds of assets in India, can be repatriated by a non-resident Indian up to USD 1 million per financial year under the FEMA rules, including by transfer to an NRE account. The bank asks for a request letter declaring the source of funds and the amount transferred in the year, and for proof that tax has been paid or deducted, usually through Form 15CA and, where required, Form 15CB (Forms 145 and 146 from 1 April 2026).
When it is used
- Moving rent or pension income to the NRE account.
- Repatriating sale proceeds of property in India.
- Transferring inherited money abroad.
What the template covers
- Name, PAN and addresses in India and abroad
- Country of residence and bank
- NRO and NRE account numbers
- Source of funds and details
- Transfer amount and USD equivalent
- Cumulative transfers in the year and tax compliance
Details you will need
The generator asks for the following. Fields marked with an asterisk in the form are required; the rest can be left blank and filled in later in Word.
Letter
Letter Date
NRI Account Holder
Full Name; PAN; Address in India; Address Overseas; Country of Residence
Accounts
Bank Name; NRO Account No.; NRE Account No.
Source
Source of Funds in NRO Account; Source Details
Transfer
Transfer Amount (₹); USD Equivalent; Cumulative USD transferred in current FY (incl this)
Tax
Tax / TDS Compliance
Stamp duty, registration and filing
The USD 1 million limit is per financial year, for all repatriation from NRO balances, subject to payment of applicable tax. Interest on NRO accounts is taxable in India, while NRE interest is exempt for a non-resident. Banks follow RBI directions and may ask for supporting documents such as sale deeds or rent agreements. Check the current rules on rbi.org.in.
Generate the NRO to NRE Transfer Declaration
Fill in the form and download the draft as a Word file. It is a general template, not legal or professional advice; have it reviewed for your facts before you sign or rely on it.
Need this checked against your facts, or the registration or filing that follows (e.g. the MCA e-form filing)? Contact SKAG and Associates
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Frequently asked questions
How much can be transferred from NRO to NRE?
Up to USD 1 million per financial year, after applicable taxes.
Is Form 15CA / 15CB needed?
Usually yes, as the bank needs confirmation that tax on the funds has been paid. From 1 April 2026 the forms are 145 and 146.
Can funds move from NRE to NRO?
Yes, freely; the restriction applies to repatriation from NRO.
This page gives general information for reference only. Laws, stamp duty rates and filing requirements change and differ between States, so confirm the current position for your case. Related: all document templates · free tax calculators · compliance calendar and guides.