I recently opened NRO and NRE accounts in India as it is illegal for an NRI to hold resident savings account in India. I want to transfer money from my Resident savings to account to my NRO account and then close the resident account, However, I am not able to transfer the funds online and I get the message stating:
"Transfer facility from resident to NRO account is not allowed. Please contact the bank"
Is there an RBI guideline for doing this?
When I change the "purpose" of transfer to "rent" or "selling assets", I am able to proceed.
I would like to know if it's okay to specify the wrong purpose (as I assume it's illegal). How do I transfer funds otherwise (going to bank is not an option)?