‘Source of funds’ are nothing but sources of credits into your NRO account. For example, Rent and sale of purchased property are sources of funds. Sources of funds can be further classified into current income (rent, dividend, interest, salary, pension, PF, gratuity) and capital income (others such as sale of financial assets, sale of purchased property, gift from resident relative, etc)
• If your source of income is from current as well as capital income, then you need to initiate two separate payments as they cannot be clubbed.
• However, if your source of income is either Current or Capital, you can select multiple sources of funds.
• Depending on the source of fund selected, you should upload the relevant proof (s). For example, if you have selected Sale of financial assets (shares) and Sale of purchased property as sources of funds then you need to upload DMAT statement as well as sale deed
• Ensure all source of funds (i.e. reason for credits) in your account are selected and necessary proofs uploaded otherwise Bank will need to hold your payment and ask for the details.
• If the credits in your NRO account are transfers from other account, then you need to also upload the bank statement of the other account along with aforementioned proof.