F4: Remit Funds To India and From India

Process: Funds can be transferred to India at competitive exchange rates by transferring money to your NRE or NRO Savings Account.
Methods: Typically, this transfer is done via a wire transfer initiated in the USA or using an online money transfer service of a bank that deals with foreign exchange.
Considerations: It’s important to compare exchange rates and transfer fees offered by different banks or money transfer services to ensure you get the best deal.

Repatriation of Proceeds: Repatriation of proceeds from the sale of inherited property in India is possible up to $1 million per year, subject to certain formalities.
Process:
1. The sale amount in the NRO bank account is transferred to the NRE bank account.
2. Complete the required forms for tax clearance, namely:
  - Form 15CA: Self-declaration form.
  - Form 15CB: Certificate from a Practicing Chartered Accountant.
3. All banks in India dealing with foreign exchange can transfer money from the NRE account to your account in the USA.
No Limit: Currently, there is no limit on the amount of repatriation from the NRE account.

Exchange Rate Spread: Pay attention to the exchange rate spread between buying and selling currency.
Transfer Fees: Be mindful of the transfer fees charged by banks or fund transfer services.