Match the rejection to the person who can fix it
Use the bank's actual wording. These are repair branches, not a ranking of how often banks reject requests.
| Rejection | Who fixes it | Resubmission needs |
|---|---|---|
| Purpose code does not fit the source or transaction | Bank confirms code; you and CA align documents | Matching A2, source description and applicable tax forms |
| Source evidence missing or stale | You obtain records; CA reconciles them | Deed, inheritance or investment evidence and statements tracing receipt to today's balance |
| Wrong Form 145 part | Remitter, with CA's tax analysis | Correct chargeability, annual aggregate and AO order or certificate reference |
| Certificate predates the tax payment now relied on | CA checks what was certified | Payment proof and a fresh certificate if certified particulars need changing |
| Account or route ineligible for this money | Bank reviews FEMA route; you correct the request | Account status, acquisition trail, cap declaration or approval as applicable |
An earlier certificate date is not by itself proof of a breach. Identify the statement or payment detail that is now inaccurate; never backdate a certificate. For missing historical records, use the old NRO funds guide.
Purpose codes: use the source and the transaction
RBI's S0001 to S0027 codes (with S0099 as the residual) are the capital-account group: investment, deposits, and one code, S0023, that resident individuals use under the LRS for their own account abroad. A code describes a transaction; it does not grant permission to remit.
| Verified code | RBI description, shortened | What to check |
|---|---|---|
| S0001 / S0002 | Indian portfolio investment abroad, in equity shares / in debt instruments | Not a generic savings transfer |
| S0005 | Indian investment abroad in real estate | Not a universal code for selling an Indian flat |
| S0014 | Repatriation of non-resident deposits (FCNR(B), NRE and the like) | For NRE and FCNR(B) money; an NRO outflow usually takes a different code, so ask the bank |
| S0023 | Remittance to own account abroad (the resident LRS code) | Not the code for an NRI's NRO outflow |
| S1301 | Remittance for family maintenance and savings | Match the actual outward purpose |
| S1402 | Interest on non-resident deposits | Separate income from returned principal |
| S1409 / S1412 | Dividends on an FDI holding / on portfolio investment in India | Dividends carry their own code, not the deposit code |
For other capital-account codes or a mixed source: check with the bank. Ask it to confirm against its current RBI purpose-code master. The property proceeds and inheritance pages cover the source documents; neither source automatically selects a code.
A statutory form and a bank checklist answer different questions
| Requirement | What it establishes |
|---|---|
| Rule 220, formerly 37BB | Whether Form 145 is required, its part, and whether Form 146 is required |
| FEMA route and bank review | Whether this account holder may remit this money |
| Bank's operational checklist | The evidence and declarations its reviewer wants for this request |
For example, IDFC FIRST Bank publishes source-proof and remittance-document requirements for NRO outflows. That proves its checklist, not a universal obligation to obtain a CA certificate for every transfer.
A non-taxable payment can qualify for no information filing under Rule 220(3); otherwise Part D applies. A taxable payment does not become non-taxable merely because TDS was paid. Ask the reviewer which rule or checklist item remains unmet, and request a compliance review if the checklist conflicts with a supported exemption. A filed form does not compel the bank to release funds. The NRO-to-NRE page covers that account-transfer route.
Resubmit in this order
1. Save the rejection and ask for one consolidated list of outstanding items. 2. Reconcile the gross receipt, tax, net bank credit, later withdrawals and proposed remittance. Attach the missing source documents. 3. Have the bank confirm the FEMA route, beneficiary and purpose code before preparing replacement forms. 4. Resolve tax shortfalls or missing payment evidence. The CA checks the certificate's particulars; the remitter checks the correct Form 145 part. 5. Where Part C applies, obtain Form 146 and complete the linked Form 145 through the current portal workflow. Give the bank the final acknowledgements, A2 and an indexed response to each objection. 6. Check the amount, currency, proposed date and account details across the entire pack. Retain the bank's completion advice.
For remittances on or after 1 April 2026, use Forms 145/146, formerly 15CA/15CB, where required. An old form for an uncompleted March transfer is not a substitute. Do not edit a downloaded acknowledgement to make it appear corrected.
A worked example: Kavita's Pune sale proceeds
Fictional repair example. Kavita, living in London, sells an inherited Pune flat. Her reconciliation shows Rs 80 lakh gross proceeds, Rs 8 lakh tax withheld and Rs 72 lakh credited to NRO. The Rs 8 lakh is an assumed documented deduction, not an illustration of a statutory rate. She requests Rs 60 lakh abroad, leaving Rs 12 lakh before bank charges.
The pack describes an overseas property investment, omits the statement showing the buyer's credit and relies on a certificate prepared before a tax payment now included in the reconciliation. The bank returns it.
Kavita supplies the deed, inheritance trail, bank credit and payment evidence. The CA reconciles the Rs 80 lakh receipt and reviews the form part and certificate against the actual tax position. The bank confirms the applicable repatriation code; she aligns the A2 and final forms and resubmits the indexed pack. No code or form part is inferred solely from the Rs 60 lakh amount, and no release date is promised.