Requirements for Crediting Sale Proceeds of NRE ESOP Shares

If you sell NRE ESOP shares, you'll need to provide the following documents and details to ensure the sale proceeds are credited to your bank account:

1. ESOP Allotment Letter:
   The official document that confirms the allotment of ESOP shares to you.

2. RBI Approval:
   The approval obtained from the Reserve Bank of India (RBI) for the ESOP allotment.

3. Details of Perquisite Tax Paid:
   Proof of the perquisite tax that was paid at the time of the ESOP share allotment.

4. Proof of Payment to the Company:
   Documentation showing the payment made to the company to acquire the ESOP shares.

These documents are necessary for the bank to process the credit of your sale proceeds. Please note that banks may request additional information as required.