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Why Non Resident Indians (NRI) Need to Open NRE or NRO Account?

By javin paul / NRE Saving account
Why Non Resident Indians (NRI) Need to Open NRE or NRO Account?

Many of my NRI readers ask me frequently, should I open an NRI saving account in India? Is it must for an NRI to open NRE or NRO account? Can I continue my existing Saving account in India? etc. Well, If you are going abroad f…

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What NRI (Non Resident Indians) should know about NRE Saving Account and Fixed Deposit

By javin paul / NRE Saving account
What NRI (Non Resident Indians) should know about NRE Saving Account and Fixed Deposit

The NRE account stands for the Non-Resident External account and I strongly believe, every NRI who has any interest in India must open this account. It has some excellent features which are not available to other types of accoun…

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What happens to bank account, Fixed Deposit, and Insurance Policy When you become NRI?

By javin paul / NRE Saving account
What happens to bank account, Fixed Deposit, and Insurance Policy When you become NRI?

One of the most common doubt among new NRIs are about their bank accounts e.g. what happens to their bank account, Fixed deposit, Demat accounts like ICICI Direct, brokerage accounts, and insurance policies when they become non-…

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How to deposit Indian Rupees to NRE Account? Can you transfer from Saving, NRO or another NRE Account?

By javin paul / NRE Saving account
How to deposit Indian Rupees to NRE Account? Can you transfer from Saving, NRO or another NRE Account?

If you know about NRI banking facilities and different accounts the y can open in India i.e. NRE , NRO , FCNR , and RFC then you know that there are different rules to deposit money on these accounts, but it's not clear to m…

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Can You Open a Joint NRE or NRO account (savings and fixed deposit)?

By javin paul / NRE Fixed Deposit
Can You Open a Joint NRE or NRO account (savings and fixed deposit)?

Yes, you can open a joint NRE or NRO savings, current or fixed deposit and FCNR fixed deposit account , but who you can use as joining partner depends on upon what type of account you are opening and citizenship of other account…

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