Latest Breaking News On - Holding of the - Page 5 : vimarsana.com

Highlights One is NRE (Non Resident External) Account. Other is NRO (Non Resident Ordinary) Account. As per FEMA regulations, a Non-residential Indian or NRI cannot have a savings account in India. They need to transfer their bank account in India to an NRI account for; ● Holding their foreign earnings in Indian currency, or, ● Holding their Indian earnings in Indian currency Alternatively, you can close your existing bank account and open a new NRI account from scratch. There are two types of NRI accounts broadly; 1. NRE (Non Resident External) Account 2. NRO (Non Resident Ordinary) Account Both these accounts are rupee-denominated accounts and can only be opened by an NRI or PIO (Person of Indian Origin). Moreover, both come in two variants - current and savings account.

Holding of theExchange rate riskNon residential indianNon resident externalNon resident ordinaryIndian originKey purposeவைத்திருத்தல் ஆஃப் திபரிமாற்றம் ரேட் ஆபத்துஅல்லாத குடியிருப்பு இந்தியன்அல்லாத குடியிருப்பாளர் வெளிப்புறம்அல்லாத குடியிருப்பாளர் ஆர்டிநரீஇந்தியன் ஆரிஜிந்விசை நோக்கம்