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Nre Account News

Federal Bank Offers Higher NRE Rates For Limited Period: Check Details

The private sector lender on Thursday notified special interest rate for its NRE term deposits. Also the said rates shall be on offer for a limited span till August 4, 2022, said the bank statement. "The rates are ...

How NRIs Can Invest In Mutual Funds In India?

As per India's Foreign Exchange Management Act 1999 (FEMA) an NRI is an Indian citizen or Foreign National of Indian Origin resident outside India for purposes of employment, carrying on business or vocation in circumstances as would indicate an intention to ...

4 Best Investment Options For NRIs Looking For High Returns

There are a large number of Non Resident Indians (NRIs) that are looking for superior returns, when it comes to investment options in India. Before investing you must understand the tax implications, including income tax and capital gains tax. Here ...

What are the documents needed to open an NRE Account in India?

A Non Resident Indian (NRI) has the option to open either a NRE Account or a NRO Account. A NRI is defined as one who has stayed outside the country for a continuous period of 180 days. In case of ...

Should an NRI student close a domestic savings account?

It is illegal if an NRI student maintain normal resident bank accounts according to the FEMA (Foreign Exchange management Act) regulations. A student becomes an NRI if he / she stays abroad for more than 182 days in a financial year. ...

Can proceeds of foreign currency notes or travelers cheques be credited to NRE accounts?

You can credit the proceeds of foreign currency and travelers cheques brought from abroad during your visit to India to your NRE account. But for that, you yourself have to tender the proceeds in person. You have to declare the ...

NRE or NRO account? Which account should NRIs remit money?

If you are an NRI and have to make a choice between remitting money into your NRO Savings Account or NRE Savings Account from abroad, always opt for the NRE account. Remember, that the interest earned in the NRE account ...