20 апр. 2023 г. · Money in an NRE Account can be kept indefinitely, but funds must be repatriated to the home country within 90 days of leaving India.

Deposits made in foreign currencies in an NRE account are subject to conversion into Indian rupees. Hence, such deposits might fluctuate in value due to ...

What is the advantage or disadvantage of an NRO/NRE account over a regular savings bank account in India? ... The major disadvantage is that the account is ...

Limitations of NRE Accounts ... The crucial limitation of these accounts is that they cannot be used to deposit the money earned by an NRI inside the country.

NRE and NRO Accounts – Meaning, Comparison, Benefits, Taxation: · Acceptance of Rupee Credits – As mentioned above, NRE Accounts do not accept rupee transactions ...

5 июл. 2024 г. · An NRE account is tax-free (no income tax, wealth tax, or gift tax) in India. On the other hand, the interest earned in NRO accounts and credit balances is ...

16 апр. 2019 г. · You should not maintain resident account as it is not in compliance with FEMA laws. While RBI may not be enforcing the laws due to inconclusive ... I'm an NRI. Do I really need to have an NRE/NRO account to ... What advantages does holding an NRE bank account ... - Quora I moved to India from the US permanently a couple of years ... Другие результаты с сайта www.quora.com

6 дней назад · Disadvantages of NRE Accounts: Limited to Foreign-source Income: NRE accounts can only hold income generated outside India. Domestic-source ...

12 апр. 2018 г. · Disadvantages of NRE Account · Monthly minimum balance to be maintained ranges from Rs 50,000 to Rs 1 Lac depending on where your bank branch is ...

Unlike NRE accounts, the principal and interest in NRO accounts are not fully repatriable. The interest earned on an NRO account is taxable in India. Example: ...