A Non-Resident External (NRE) account is a bank account opened in India by an NRI to deposit and manage income earned abroad. The funds in this account are fully repatriable and both principal and interest are exempt from tax in India.
A Non-Resident External (NRE) account is a bank account opened in India by an NRI to deposit and manage income earned abroad. The funds in this account are fully repatriable and both principal and interest are exempt from tax in India.