I have been an NRI since 2019 and reside in Saudi. I have invested around Rs 40 lakhs in various mutual fund schemes in India from my NRO account by transferring money from my existing NRE to my NRO ...

India's largest bank, the State Bank of India (SBI), has launched a new online onboarding process for non-resident Indians (NRIs) to open non-resident external (NRE) and non-resident ordinary (NRO) ...

State Bank of India (SBI) has launched the TAB-based end-to-end digital onboarding process for Non-Resident Indians (NRIs) to streamline the opening of NRE (Non-Resident External) and NRO ...

As a Non-Resident Indian (NRI), selecting the right bank account is a crucial step in managing your financial life across borders. The choice between an NRE (Non-Resident External) and NRO ...

NRIs have specialized account options in India: NRE for foreign earnings and NRO for Indian income. NRE accounts offer tax-free interest and unlimited repatriation, ideal for parking overseas income.

'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.' Illustration: ...

Non Resident External (NRE) fixed deposits are maintained in Indian rupee (INR). The account can only be opened in the name of NRI individuals. Note that NRE accounts can be opened only by the NRI ...