• Rental Income: Rent receipts / Rent Agreement
• Dividend: Dividend Warrant / Intimation / Entry in bank statement showing receipt is on account of dividend
• Interest: Statement of Bank (if other than ICICI Bank Ltd.). If interest is on other securities, interest warrants or Bank statement clearly showing receipt is on account of interest.

In each of the above cases, if Form 16A (TDS Certificate) is submitted mentioning the source of funds, this may also be accepted.

* If source of funds is interest on the NRO savings account or NRO FD or NRE FD held with ICICI Bank Ltd and the interest is directly credited to the account, Form 15CA and CB not required.

* Remittance amount should be in line the source of income and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• Copy of the registered sale deed for sale of property
• Copy of the registered purchase deed for acquisition of property
• FIRS for property acquired out of funds remitted from abroad or loan repaid out of funds from abroad (not required incase remittances processed through ICICI Bank).
• Bank statement showing the debits for payment for the property (for payments from NRE / FCNR accounts or loan repaid by debits to such accounts)
• If the property was acquired out of loan funds, loan statement or release letter from the lender
• Property acquisition declaration in prescribed format.

* If the property purchased and sold is agricultural land / plantation / farmhouse, then proof of RBI approval for such purchase would be required.

* The Capital gain can be repatriated from the NRO account as well upto a limit of USD 1,000,000/- per financial year.

* This facility is not available to citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan. Such persons are required to obtained RBI approval in order to repatriate the funds.

* Remittance amount should be in line with the sale and purchase deed of property and same should be reflect into the customer’s bank statement clearly.

* Remittance amount should be in line with the sale and purchase deed of property and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• Copy of the registered sale deed for sale of property
• Copy of the registered purchase deed for acquisition of property
• Property acquisition declaration in prescribed format.

* If the documents provided are in a language other than English or Hindi, the translated copy of the same duly attested by a notary public or an authorized translator is also required to be obtained.

* There is no requirement for holding the property for any minimum period.

* If the property purchased and sold is agricultural land / plantation / farmhouse, then proof of RBI approval for such purchase would be required. However if the property was acquired while the customer was a resident, no RBI approval is required.

* This facility is not available to citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan. Such persons are required to obtained RBI approval in order to repatriate the funds.

*Remittance amount should be in line with the sale and purchase deed of property and same should be reflect into the customer’s bank statement clearly.

* Remittance amount should be in line with the sale and purchase deed of property and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• Copy of the registered sale deed for sale of property2. If the details of the inheritance are not clearly mentioned in the sale deed, please provide any one of the below:
  • Copy of the Will
  • Succession Certificate
  • Legal Heirship Certificate
  • Partition Deed
  • Settlement Deed
  • Court order
  • Share certificate of Co-operative Housing Society showing transfer of the share to the seller
  • Mutation Deed / Certificate
• Copy of the death certificate of the deceased person on whose demise the succession document came into operation (not required in case of partition deed or court order)
• Property acquisition declaration in prescribed format.

* If the documents provided are in a language other than English or Hindi, the translated copy of the same duly attested by a notary public or an authorized translator is also required to be obtained.

* There is no requirement for holding the property for any minimum period.

* This facility is not available to citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan. Such persons are required to obtained RBI approval in order to repatriate the funds.

* Remittance amount should be in line with the sale and purchase deed of property and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• Valid documentary evidence for cancellation of the deal like cancellation agreement or correspondence between the parties etc.
• If the remitter has assigned the rights to another person, copy of tri-partite agreement between the seller, remitter and such third party
• Receipt from builder (at the time of purchase)
• FIRS for funds remitted from abroad(Not required if the remittance is processed through ICICI Bank)5. Bank statement showing the debits for payment for the property (for payments from NRE / FCNR accounts).

* If the documents provided are in a language other than English or Hindi, the translated copy of the same duly attested by a notary public or an authorized translator is also required to be obtained.

* This facility is not available to citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan. Such persons are required to obtained RBI approval in order to repatriate the funds.

* Remittance amount should be in line with the agreement/receipt of property and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• For sales sold through Stock Exchange – copy of Demat Statement from Depository Participate showing the amounts credited to the account (should match with the account statement) OR Contract notes for the sale.

* Remittance amount should be in line with the sales of shares and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• Gift Deed / Declaration signed by both parties stating the details of the gift.

* Gift is only a permissible source of funds where received from a close relative of the NRI.

*Gift in rupees from any other person is not a permissible source and RBI approval is required to repatriate the same.

* Remittance amount should be in line with the Gift deed/Declaration and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• Documentary evidence in support of the acquisition of the assets proposed to be remitted:
  • FD : FD receipt / Bank statement
  • PPF Balances : PPF passbook
  • Insurance claim / maturity : Letter or warrant from the Insurance company
  • Maturity of Debentures / Bonds : Copy of the certificate / Demat statement / letter from issuing company
  • Maturity / claim proceeds of Insurance policy : Copy of the policy document or advice from Insurer regarding maturity / claim
• Above list is illustrative. Broadly, for any sale of assets, documentary proof of the sale is required.
• In case of FD's, the prior source of funds out of which the FD was created needs to be examined and would require additional documents. However, for proceeds received as NRO FD closure from another Bank in India coming directly into NRO account of ICICI Bank, the same is not required.
• In case of assets acquired by inheritance or legacy, in addition to the respective document mentioned above (which would be in the name of the decease legator, also obtain any one of the following:
  • Copy of the Will
  • Death certificate of asset owner.
  • Succession Certificate
  • Legal Heirship Certificate

*In case the remittance is to be made in more than one installment, all such remittances should be made through the same authorized dealer.

 

* Facility does not extend to citizens of Pakistan, Bangladesh, Nepal and Bhutan. Such persons are required to obtain RBI approval in order to process the remittance.

 

* In case of death claims by non-resident heirs of account holder, documents for death claim will be required.

 

* Remittance amount should be in line with asset deed and same should be reflect into your bank statements clearly. Additional documents may be required to process the request.

• FIRS for loan received through inward remittance(Not required if remittances processed through ICICI Bank,)
• Copy of Bank statement or passbook evidencing debit to NRE / FCNR account of non-resident lender
• Loan Agreement / written consent from borrower and lender specifying the amount, date, period and terms of the loan. Terms should be in conformity with the conditions given below.

* Minimum maturity period of loan is one year.

* Loan is free of interest.

* The amount of loan is received by inward remittance in free foreign exchange through normal banking channels or debit to the NRE/FCNR account of the non-resident lender.

* Remittance amount should be in line with the loan deed and same should be reflect into your bank statements clearly. Additional documents may be required to process the request

Please contact your Relationship Manager or nearest ICICI Bank branch.