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Posted by Yashi Vaidya on April 25, 2024 at 2:49am 0 Comments 0 Likes
Posted by BABU on April 25, 2024 at 2:49am 0 Comments 0 Likes
Posted by vs999 on April 25, 2024 at 2:48am 0 Comments 0 Likes
A Non-Resident External account allows the transfer or conversion of Indian currency across borders effectively. Many NRIs who stay in foreign countries can easily send money to India using this account. The primary advantage here is that the currency converts to Indian Rupee upon reaching India. It helps your family in financial need.
An NRE account has user and finance friendly features that help families access it without any difficulties. You can open the account, withdraw funds, and access its features for better control over finances in a foreign and home country.
You can open an NRE account for easy repatriation, and transfer of income earned in foreign currency converted to Indian currency. You can maintain funds earned from India, like income from the financial market and real estate investments. During emergencies, you can access the account and withdraw money from it using an international debit card.
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