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ITR Filing

Your NRI tax refund, which account it lands in, and how to keep it repatriable

My capital-gains refund got paid into my NRO account, and now I am worried the repatriable money is stuck there.

You filed your Indian return, claimed a refund of the extra TDS on your NRO interest or a property sale, and the money was credited to your NRO account. Now you are unsure whether a refund can even go to an NRE account, and whether money sitting in NRO can still be sent abroad. The refund is not stuck, but the account it lands in changes how easily you can move it out.
Last reviewed: 30 July 20266 min readReviewed by Preetesh Maloo, CA

The short answer

The income-tax portal pays refunds only to a pre-validated, PAN-linked NRE or NRO savings account, never to an FCNR account or an NRE fixed deposit. For a refund on Indian income, an NRO account is the safer choice, because some banks reject a refund credited to NRE, which is meant for money earned abroad. Money that lands in NRO is not stranded. You can repatriate it, along with other NRO funds, up to USD 1 million per financial year under the RBI remittance-of-assets route, using Form 15CA and 15CB.

References on this page

  • Section 244A (Section 437 from FY 2026-27)
  • RBI Master Direction 13/2015-16 (Remittance of Assets)
  • Form 15CA and 15CB (Form 145 and 146 from FY 2026-27)

Which account a refund can be credited to

A refund is released only to a bank account you have pre-validated on the income-tax portal, linked to your PAN and enabled for e-verification. You add it under My Profile, then My Bank Account, then validate it, and the status updates in about ten to twelve working days.

Two limits matter for an NRI. The account has to be a savings account, NRE or NRO, not an FCNR account and not an NRE fixed deposit. And it has to be active. A dormant or closed account is one of the most common reasons a refund fails and has to be reissued, so validate a live account well before the refund is processed.

Why an Indian-income refund is safest in NRO

On paper the portal accepts either an NRE or an NRO savings account. In practice, when the refund relates to Indian income, such as NRO interest or a gain on an Indian property, a refund credited to an NRE account is sometimes flagged or bounced by the bank. An NRE account is meant to hold money earned abroad, and Indian-source income does not fit that, so the safer default for this kind of refund is a pre-validated NRO account.

This is why you often hear that refunds can only go to NRO. It is not strictly true, but for Indian-source income NRO is the choice that avoids a bounce.

NRO does not mean the money is stuck

The worry that money in NRO is trapped is the part that is genuinely wrong. You can send NRO balances abroad, up to USD 1 million per financial year, under the RBI remittance-of-assets route (RBI Master Direction 13/2015-16). A tax refund sitting in NRO is part of that. Above USD 1 million in a year you need prior RBI approval, but few refunds get near that.

Money that originally came from repatriable NRE funds does not lose its repatriability just because a refund passed through NRO. It simply counts towards your USD 1 million for the year, and the transfer out needs Form 15CA and, above five lakh rupees, a chartered accountant's Form 15CB. These become Form 145 and 146 from FY 2026-27.

A worked example

Ravi, an NRI in Dubai, sells a Pune flat and the buyer over-deducts TDS. He files his return and a refund of eight lakh rupees is due, including interest under Section 244A (Section 437 from FY 2026-27) at 6% a year. He had linked his NRE account, and the bank bounced the credit because the refund was on Indian income.

He pre-validates his NRO savings account instead, the refund lands cleanly, and a few weeks later he repatriates it to Dubai within his USD 1 million limit for the year, using Form 15CA and a CA's Form 15CB. The money reaches him abroad in full, decided by one account-routing choice.

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What's involved

What the CA actually does

  1. 1

    Pre-validate the right account

    We tell you which of your NRE or NRO savings accounts to pre-validate for the refund and check it is active, so the credit does not bounce or get held up.

  2. 2

    File so the refund is correct

    We file your return with the refund and the Section 244A (Section 437) interest computed correctly, and reconcile the TDS against your 26AS and AIS so nothing is missed.

  3. 3

    Repatriate what lands in NRO

    We prepare the Form 15CA and Form 15CB (Form 145 and 146 from FY 2026-27) and move the refund out within your USD 1 million limit for the year.

  4. 4

    Fix a failed refund

    If a refund already failed because of a dormant or wrong account, we raise the refund-reissue request and get it re-credited.

What to have ready

Documents you'll typically need

  • PAN and the bank account you want the refund in
  • Your filed return and the refund amount
  • Bank statement showing the account is active
  • For repatriation, proof the tax on the funds is paid

Frequently asked questions

Common questions

Refund in the wrong account, or worried it is trapped in NRO?

Send us the refund details and your accounts. A practising CA will get it credited cleanly and repatriate what lands in NRO. Free call, no obligation.

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