Back to Top of Index Question-55: Are incomes/interest earned on investments/deposits held in India by NRIs on non-repatriation basis allowed to be repatriated?

Yes. Incomes/interest earned during the financial year 1994-95 and onwards on investments held by NRIs with non-repatriation benefits will be eligible for repatriation as under: • Upto US$ 1000 or its equivalent in full and one-third of the balance income earned during the financial year 1994-95. €¢ Upto US$ 1000 or its equivalent in full and two-third of the balance income earned during the financial year 1995-96.

€¢ The entire income earned during the financial year 1996-97 and onwards. Note: The investment/principal amount of deposits made/held on non-repatria- tion basis will, however,not be allowed to be repatriated abroad. More.

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