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Yes, Transfer Money form NRO to NRE Saving Account, FCNR is Allowed

Not many NRIs (Non-resident Indians) knows that, from May 2012, NRI can transfer fund from the NRO account to NRE account in India. Earlier this was not the case though you can transfer funds from NRE to an NRO account, the reverse was not allowed. The only way to fund your NRE saving account was through your offshore income earned in foreign currency. Things have changed, The Reserve Bank now allows 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 in a financial year. This move is encouraging as now NRI can make maximum use of their funds and can transfer to overseas, when they needed or when they feel it's a better investment opportunity.
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