![]() Moreover, the funds can be easily transferred to another NRO or NRE account.Ĭ. As the funds in an NRE account can only be made in the currency of the country where the NRI resides, there’s a risk of currency fluctuation however, there is no tax on the principal and the interest earned in this account.Interest earned on NRE account is tax-free and it fully repatriable. ![]() It is an account of an NRI to transfer foreign earnings to India. NRE is a Non-Resident External Account.NRIs can also deposit into the NRO account in permissible foreign currency and withdraw in Indian currency. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |