Repatriation, in financial terms, is the process of converting a foreign currency into the currency of one's own country. The dollar amount resulting from the repatriation of funds depends on the exchange rate between the two currencies at the settlement time of the conversion. For example, Indians returning from the Canada repatriate their currency by converting Canadian Dollars (CAD) back to Indian Rupees (INR).Repatriation of funds can be from one currency to other which can be from US Dollars to Canadian Dollars or Indian Rupees to Canadian Dollars.

NRIs are eligible to repatriate Income earned in India from rupee assets held in India.

The Indian Government has liberalized provisions as to repatriation for all the assets whether acquired as NRI from Forex or Rupee Funds or which were held by him/her when he/she was a resident in India. NRI (certain specified assets) can remit up to USD 1 million per Financial year (FY) provided appropriate documentation is submitted to the Bank and subject to payment of applicable taxes.

We at ICA Council organize FREE Webinars on multiple topics and options to educate the immigrants on Repatriation of Funds to and fro. Our guidance seminars and webinars covers topics like:

• How do I get the bequest from Indian to Canada?
• How do I transfer my funds from India to Canada and vice versa?
• What are the mechanisms for transfer of funds?