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All You Need to Know: NRE and NRO Accounts Taxation

For non-resident Indians (NRIs), a non-resident external (NRE) account and a non-resident ordinary (NRO) account help in the easy management of finances. NRE and NRO accounts aid in transferring, saving, and retaining income in India in Indian currency. That said, NRE ...

NRE Fixed Deposits 2023: SBI Vs HDFC Vs ICICI Vs PNB

When investing in Non-Residential External (NRE) Fixed Deposits (FDs), it is critical to compare the interest rates given by various banks. Non-Indian Residents (NRI) have a variety of NRE Account options. Savings, current, recurring, and fixed deposit accounts are examples. Individual ...

How to transfer funds from NRO to an NRE account?

Non-resident Indians (NRIs) in India manage their expenses through two accounts: Non Resident External (NRE) and Non Resident Ordinary (NRO) (NRO). The NRE account is used to transfer foreign earnings to India. In contrast, NRO accounts are used to manage income ...

Reasons To Open An NRI Bank Account

Settling abroad? Excited about relocating to a foreign country but worried about managing your financial affairs in the homeland? This is one issue that perplexes most Non-Resident Indians (NRIs). The solution is simple. Just update your existing bank accounts in India ...

5 Best NRE FD Accounts for NRIs

As the global economy is witnessing a downfall for over a year, most of the banks in India have trimmed down the interest rates offered on the fixed deposits. There was a time when the fixed deposits offered the best returns ...

How to Open an NRE Account?

If you are an Indian employed overseas or has a business abroad, you still have the option to invest in India through safe instruments like fixed/term deposits. Most Indian banks including small finance banks and multinational banks with branches in India ...

ESAF Bank Receives Approval For NRI Operations From RBI

Kerala based ESAF Small Finance Bank received approval for NRI operations on Monday from the Reserve Bank of India (RBI). The Thrissur headquartered bank said in a statement that small finance banks who are authorised as dealer category II, have the ...

KYC For NRI Investors In Mutual Funds In India

As per the regulations specified under the FEMA guidelines, NRIs are allowed to invest in mutual funds in India. The process is largely simple however you can be asked to comply with few other regulations in your country of residence. But ...

SBI, ICICI And HDFC Bank Reduce Interest Rate On FDs Across Maturities

The country's largest state run bank SBI after cutting down on its home and loan rate to the lowest in the industry has now slashed interest earnings on FD for most maturities by 25 basis points. Domestic term deposits for less ...

How To Transfer Money From NRO Savings To NRE Savings Account?

There was a time when one was not able to transfer money from NRO Account to NRE Account. In fact, the only way one could really get credit of money into an NRE account was from funds remitted abroad or from ...

10 Best NRE Savings Accounts For NRIs

Non-Resident Indians (NRIs) who wish to have a savings account or a fixed deposit account in India cannot open a normal account like Indian residents. If you opened one when you were an Indian resident, before moving abroad, you need to ...

Can You Send Money Abroad Through NEFT?

The National Electronic Fund Transfer or NEFT has emerged as the fastest and most easiest way to remit money. It has cut across geographical barriers and you can remit money to even the smallest of towns and cities in India. Can ...

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