NRE Account Vs Normal Savings Account
Posted on Monday, December 11th, 2023 |
RBI’s FEMA regulations restrict NRIs from using traditional savings accounts and mandate the use of specialized NRE accounts to manage foreign income in India. Unlike regular savings accounts, the NRE account allows foreign currency deposits, full and free repatriation of funds, and is tax-free. With IndusInd Bank’s hassle-free, easy online savings account, NRIs can manage…
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