![Can I Repatriate (Transfer) Money from NRO Account to Overseas? [Answered]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTH1kFN54DXWJblxtCOE9FdSD_11fp95jlbWhYZR-RY5mQIqLTpjZeg8fY5sieEZIn_JZ1JMb3kNDk2jM-223KD9n8SkqiabuvV-OB8IDP2-49ljdo0gnFCXc2NMJtSKN4Ax6LZyGd28M/s320/NRE+and+NRO+Saving+Account+for+NRI.jpg)
This is one of the most common questions from my NRI friends who are earning rental income or business income in India. Yes, you can repatriate money from an NRO account unless it doesn't exceed USD 1 million per calendar yea…
When a Resident Indian becomes an NRI he needs to convert his Resident saving account to NRO account as per Indian banking and income tax laws e.g. FEMA. The NRO account provides the simplest way to access and operate the money …
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…
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-…
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…
Hello guys, if you are wondering whether interested earned on NRO saving account or NRO fixed deposit is taxable in India or not then you are at the right place. Yes , unlike interest earned on both NRE saving account and NRE fi…
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 …
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…