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Pros and Cons - External Account for Non Resident 2013-09-30 05:56:25
Persons of Indian nationality or origin residing outside of India may open, with authorised banks in India, Non-resident External Accounts (NRE Accounts), designated in rupees. These accounts can be in savings, current, or term deposit accounts. Opening of NRE Accounts...
Keywords: Pros and Cons - External Account for Non Resident, Non Resident External Account—Pros and Cons, Pros and Cons - External Account for Non Resident, Pros and Cons - External Account for Non Resident
Read More What is a Resident Foreign Currency Account? 2013-09-30 06:18:49
Returning NRIs /PIOs may open, hold and maintain with an authorised dealer in India a Resident Foreign Currency (RFC) Account to transfer balances held in NRE/FCNR (B) accounts. Proceeds of assets held outside India at the time of return can...
Keywords: Resident Foreign, Resident Foreign Currency Account, RFC account., Currency Account
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Quick Guide to Open Resident Foreign Currency Account for Returning NRI 2018-12-31 04:47:48
A returning Non-Resident Indian (NRI) would have assets and bank accounts abroad, as well as income generated from these assets would be in a foreign currency. According to the report, a returning NRI has the option of bringing the funds...
Keywords: resident foreign currency account, foreign currency, returning nri, resident foreign currency account
Read More Who can open a foreign currency account? 2013-09-30 06:23:49
A person resident in India who has gone abroad for studies or who is on a visit to a foreign country may open, hold and maintain a Foreign Currency Account with a bank outside India during his stay outside India,...
Keywords: foreign country, foreign country, Who can open a foreign currency account, foreign currency
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