Account Name | NRE | FCNR | NRO |
Account Type | Savings Account | Fixed Deposit | Savings Account |
| Current Account | | Current Account |
| Fixed Deposits | | Fixed Deposits |
Tax | Fully Exempted | Fully Exempted | 30% tax deducted at source |
Repatriation | Fully Repatriable | Fully Repatriable | Only interest on NRO accounts (after payment of Tax) |
Currency | Indian Rupees | USD, GBP, DEM, JPY, EURO | Indian Rupees |
Joint Account with Residents | Not Permitted | Not Permitted | Permitted |
Local Rupee Funds | Cannot be deposited | Cannot be deposited | Can be deposited |
International Debit Card | Allowed | Not Applicable | Not Allowed |
Advantages | Rupee Account with full repatriation benefits | No exchange Risk | Account for your local funds |
Very good and useful things that you have written in your blog.
ReplyDeleteVery good and useful things that you have written in your blog. Thanks for the sharing.
ReplyDelete