How much can an NRI repatriate from a property sale in India?

Up to USD 1 million per financial year from NRO balances, which can include sale proceeds and other eligible capital, after taxes are paid and the bank is satisfied on documents.

Do sale proceeds go to an NRE or an NRO account?

Sale proceeds are usually credited to an NRO account. Funds in NRE and FCNR(B) accounts are generally freely repatriable and sit outside the USD 1 million limit.

Which forms are needed to remit the money?

Your bank will ask for Form 15CA, a declaration on the Income Tax portal, and Form 15CB, a CA certificate, along with proof of sale, tax payment and source of funds.

Is there a limit on repatriating proceeds from residential property?

FEMA has historically limited repatriation of sale proceeds to two residential properties, so ask your bank and CA how this applies to your case.

Repatriating Sale Proceeds of Jaipur Property: NRI Rules, Limits and Paperwork

Selling is only half the job. For an NRI, the other half is getting the money abroad legally, and that depends on how you paid for the property, the account it lands in and how cleanly the tax and paperwork are done.

Where the Money Lands

Proceeds from a sale in India are usually credited to your NRO account. The rule of thumb is that NRO balances can be repatriated up to USD 1 million per financial year (April to March), after tax has been paid and with the documents below. Balances in NRE and FCNR(B) accounts are generally freely repatriable. If part of the purchase price came from your NRE account, banks may let you repatriate that portion in line with the rules; ask yours how it will treat your sale.

Source of money	Typical account	Repatriation
Sale of property bought with funds remitted from abroad	NRO (often)	Within the annual USD 1 million NRO limit, with documents
Funds already in NRE / FCNR(B)	NRE / FCNR(B)	Generally freely repatriable
Inherited property sold	NRO	USD 1 million per year; keep will or succession papers
Rent and other NRO income	NRO	Counts toward the same USD 1 million limit

The Order That Works

Before the sale: decide on a lower-deduction certificate with your CA. See TDS and capital gains for NRI sellers.
At the sale: insist on payment into your account by bank transfer, never cash. Keep the sale deed, payment proofs and the buyer's TDS details.
After the sale: collect the TDS certificate, compute and pay any balance tax, and file your Indian return.
For the remittance: your CA issues Form 15CB, you file Form 15CA online, and the bank processes the transfer against these and your account statements.

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Documents Banks Usually Ask For

Registered sale deed and proof that the amount was received in your account.
Proof of how you originally bought the property and where the funds came from.
Computation of capital gain, proof of tax paid and the TDS certificate.
Forms 15CA and 15CB, passport, PAN and address proof, and your bank's own remittance form.

Where People Get Stuck

The purchase was paid partly in cash or by relatives, so the foreign-funds trail is weak.
TDS was deducted at the wrong rate or under the wrong PAN, so Form 15CB cannot be issued.
The sale happens close to year-end and the annual USD 1 million limit is already used by other NRO remittances.
Residential status in your tax return does not match your NRI status for the year; have a CA confirm it.

Check current limits. The USD 1 million limit and property-specific conditions come from RBI and FEMA directions that can change. Ask your bank and CA to confirm current limits and the treatment of your particular sale before you list the property.

General information, not advice. Tax, FEMA/RBI and Dubai rules change often. This article is not legal, tax or financial advice. Confirm current rules with your bank, a chartered accountant and, where relevant, the Dubai Land Department before you commit money.

How We Researched This

Checked against the public pages below in October 2026. Several are secondary summaries, so confirm the current rule with the official body, your bank or a qualified adviser before acting.