What happens to accounts of a NRI's NRE or FCNR accounts which he/she has opened abroad after his/her return to India?
A returning Indian's NRE/FCNR accounts is usually designated as a Resident account. Most banks allow these deposits to continue to run till maturity at the contracted rate of interest.
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A returning Indian's NRE/FCNR accounts is usually designated as a Resident account. Most banks allow these deposits to continue to run till maturity at the contracted rate of interest.
Click Here & Register for Free Share Market Training
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