I want to move money from India overseas
Identify the source of funds, the permitted route and the bank’s evidence requirements.
Source snapshot: 5 September 2026. Check current requirements with the issuing authority.
Understand the issue
RBI’s remittance-of-assets facility permits eligible NRI/PIO remittances up to US$1 million per financial year under specified conditions. It is not a universal cap for every outward transfer, nor automatic permission for any funds.
Prepare your next steps
Trace the source
Describe whether the money is rent, savings, a property sale, inheritance or something else.
Ask the bank to identify the route
Confirm the applicable account and remittance category before arranging a large transaction.
Reconcile earlier remittances
For a limit-based facility, disclose other relevant transfers in that financial year.
Prepare the evidence
Ask for the bank’s current documentary and tax-compliance list, including whether particular declarations or CA certification are required.
Check the receiving end
Confirm beneficiary details, destination-bank requirements, charges and any reporting in your country of residence.
Documents to prepare
- Source-of-funds and acquisition documents
- Account statements and earlier remittances
- Applicable tax-payment and filing evidence
- Beneficiary account details
Questions for your adviser
- Which remittance provision applies to these funds?
- What part of any annual facility have I already used?
- Which declarations or certificates are required for this transaction?
Watch for
The US$1 million facility is not a fresh allowance for each property or each bank account.
Who can help
An authorised-dealer bank and a CA where tax documentation is required.
Original sources
- Reserve Bank of India: Remittance of assets
Eligibility, documents and conditions for the remittance-of-assets facility.
- Reserve Bank of India: Acquisition and transfer of property
National foreign-exchange rules for acquiring, transferring and repatriating proceeds from property.
General information only. Verify your circumstances and current rules with the relevant authority and a qualified professional before acting.
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