The transfer out process from Namecheap should be smooth. You don't need to wait the full year. You can transfer anytime after 60 day ICANN limit, and normally when you transfer the amount that it is already registered will go with the domain (I don't hold any .in domains, so there may be rules etc. I don't know about).
I have many domains at Namecheap and have found the transfer in/out smooth.
Bob