Dubai: As an NRI or Non-Resident Indian living in the UAE, if you were wondering what is the maximum amount of money that you can send back home, here are the pertinent laws in India that regulate how much you can or cannot remit.
Under the exchange control law, as an NRI, you are allowed to remit up to $1 million (Dh3.67 million) from your NRO account (explained below what it is) after you furnish necessary documentary evidence.
Remittance exceeding $1 million (Dh3.67 million) requires special permission from the Indian central bank, the Reserve Bank of India (RBI). But first, a quick brief look at what are NRE and NRO accounts.