Can foreign tourists repatriate the balance held in their NRO account at the time of departure from India?
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Can foreign tourists repatriate the balance held in their NRO account at the time of departure from India?
Authorized Dealer banks have been allowed to convert the balance in the account for payment to the account holder at the time of departure from India into foreign currency, provided the account has been maintained for a period not exceeding six months and the account has not been credited with any local funds, other than interest accrued thereon.