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HomeNRI TradingWhat are NRE/NRO and FCNR bank accounts?
What are NRE/NRO and FCNR bank accounts?NRI Trading, Home 14 Comments
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gold What are NRE/NRO and FCNR bank accounts?
A Non Resident Indian has multiple account opening choices in India. Banks offer special account facilities like the NRE account, NRO account and the FCNR account. Each of them has their unique features and their unique applications. NRO account is deemed to be at par with resident account and hence it carries the benefits of a normal resident account. The funds however, can be repatriated by following certain processes which is not involved in a NRE account. You must choose between NRE and NRO depending upon your trading / investment pattern and your preference on repatriating money. Note that it is not impossible to repatriate NRO funds. Its just that certain processes are to be fulfilled to take back the money.
blog.tradeplusonline.com/home/what-are-nre-nro-and-fcnr-b...
HomeNRI TradingWhat are NRE/NRO and FCNR bank accounts?
What are NRE/NRO and FCNR bank accounts?NRI Trading, Home 14 Comments
facebook sharing buttontwitter sharing buttonlinkedin sharing buttonwhatsapp sharing buttonemail sharing button
gold What are NRE/NRO and FCNR bank accounts?
A Non Resident Indian has multiple account opening choices in India. Banks offer special account facilities like the NRE account, NRO account and the FCNR account. Each of them has their unique features and their unique applications. NRO account is deemed to be at par with resident account and hence it carries the benefits of a normal resident account. The funds however, can be repatriated by following certain processes which is not involved in a NRE account. You must choose between NRE and NRO depending upon your trading / investment pattern and your preference on repatriating money. Note that it is not impossible to repatriate NRO funds. Its just that certain processes are to be fulfilled to take back the money.
blog.tradeplusonline.com/home/what-are-nre-nro-and-fcnr-b...