Outward Remittance basically means sending money abroad with specified rules mentioned in FEMA. Knowing the limit for outward remittance completely depends on to whom you are sending money.
Whether you are remitting from an NRO account or to an NRE account. From the NRE account, there is no limit on repatriation and the whole balance can be repatriated.
From an NRO account, an NRO can send up to 1 million USD from India to the USA or outside Inda. There are certain procedures are involving while transferring money from India to USA.
Where to transfer Money?
There are many online platforms available to Transfer money from India to USA.
You can choose the Orient Exchange platform to Send Money Abroad for convenient transfer of money
No comments:
Post a Comment