NRE, NRO, and FCNR Accounts for NRIs NRE (Non-Resident External) Account Nature: External account, repatriable in foreign currency. Purpose: Used for foreign currency earnings. Interest: Tax-free in India. Currency: Maintained…
Property Transactions for NRIs in India Purchase of Property NRIs can purchase residential or commercial property in India with the permission of the RBI. However, they cannot purchase agricultural land,…
Bonds and Government Securities for NRIs Overview Bonds are issued by companies and governments to fund new projects or expand existing ventures. Public Sector Undertaking bonds issued by central or…