Permissible Credits
Remittances to India in any permitted currency Personal cheques drawn, traveller’s cheques, bank drafts in permitted currency Proceeds of foreign currency / bank notes during temporary visit to India subject to the condition (i) the amount was declared on a Currency Declaration Form (CDF), where applicable and (ii) the notes are tendered to the AD in person by the account holder and AD is satisfied that the account holder is a person resident outside India Transfers from other NRE / FCNR account Interest accruing on the funds held in the account Current income in India (subject to tax payment) Maturity proceeds of any permissible investment originally made from NRE / FCNR account Refund of share / debenture subscriptions of to new issues of Indian companies if original subscription was made from NRE / FCNR account Refund of application / earnest money / purchase consideration on non-allotment / cancellation from builder / developer (with interest) provided original payment was made from NRE / FCNR account Any other credit if covered under general or special RBI permission
Permissible Debits
Local disbursements Remittances outside India Transfer to NRE / FCNR account of the account holder or any other person Investment in shares / securities / commercial paper of an Indian company or for purchase of immovable property in India Any other transaction if covered under general or special RBI permission