No, you cannot deposit Indian rupees into an NRE account . Th e only way to fund an NRE account is via foreign currency remittance , foreign currency deposit when you visit India, or via foreign currency traveler's cheque. S…
One of the most common question among NRIs (Non-resident Indians), especially among IT professionals traveling to the USA, UK, Singapore onsite is whether they can transfer funds from one NRE account to another NRE account , or …
One of the frequently asked questions from NRIs, who has just opened an NRE (Non Resident External) account is how to fund their NRE accounts In India? Since you cannot transfer Indian rupees from your normal savings account in…
If you are an NRI (Non-Resident Indian) then you have access to a unique bank account called NRE (Non-Resident External) account which allows you to keep your money in Indian rupees. This account then further allows you one of …
If you are an Indian staying in Singapore and want to open NRE or NRO account with Indian banks like SBI, Kotak, HDFC, ICICI, Yes Bank, Axis Bank, or a foreign bank with Indian operations like DBS bank, then you have a couple of…
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…
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…
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-…
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…
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…
Can NRI open more than one NRE, NRO or FCNR account with different banks? Yes, an NRI can more open more than one NRE, NRO or FCNR accounts with different banks in India. I am not exactly sure if you can open two acco…
Recently I was doing some research to open an NRI Savings account in India , and given there are so many banks, both public and private sector are providing NRI services, I thought to do some quick checks on the best NRI…
Mandate Holder is a unique facility many private sector banks like ICICI and HDFC bank provides to NRI customers. According to this faculty, NRE/NRO account holder can appoint a resident Indian (a family member only) to manage …
Yes , you can add any family member or close relatives as a nominee in your NRE account . Almost all the banks, both public sector like SBI, Bank of Baroda and private sector banks e.g. ICICI, HDFC, Axis Bank provides …
One of the important detail many NRIs ignore while opening NRE or NRO saving account is the minimum account balance required to be maintained on the monthly or quarterly basis. Sometimes this is also known as average monthly b…
Nowadays, opening an NRE or NRO account from overseas has become quite easy with an online application form and free pickup services offered by many Indian public sectors and private sector banks. Almost all major banks includi…
Many Indians who goes to work abroad for work opens NRE saving and NRE fixed deposit account to take benefit of higher interest rate and absolutely no tax on interest earned on those account, but do you know what happens to your …
![Can NRI deposit INR in NRE Account in India? [Answered]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyNMH-k4-PVlOfd65Ggfeo8WHACFakP4r4Qx8b4ANEgydO3imZIsY1_TNB7CVgqeXG5Nj9nPXSb_0KbJi3vMx92FGEQIHIqsV2H_z7RiLWaoSKByUWYzpbKfmG00M7YLf-7DKLhlaqZYQ/w629-h354/Can+NRI+deposit+INR+on+NRE+account.png)
The answer is both Yes and No , it depends on the source of funds. Technically, Yes, you can deposit INR or Indian rupees in NRE account in India with both private banks e.g. HDFC, ICICI, Kotak, YesBank, Federal Bank, and any p…