RBI has allowed non-resident Indians (NRIs) to transfer funds from non-resident ordinary (NRO) account to non-resident external (NRE) account subject to a ceiling of $1 million (Rs 5 crore) in a financial year. As per the existing regulation, fund transfer from NRE account to NRO was allowed but not the other way round. "At present transfer of funds from NRO to NRE account is not permissible," the RBI notification said.