What Is Non Resident External (NRE) Account For Indian Seafarers?
NRE account is also known as Non Resident External (NRE) account is referred as INR denominated account. Foreign currency earnings can be deposited in Non Resident External accounts which are maintained in Indian Rupees. Foreign currency earnings deposited in Non-Resident External account is completely repatriable. There is no limit on the principal amount and interest amount earned which can be repatriated. Interest earned on foreign currency earnings deposited in NRE… Read More »What Is Non Resident External (NRE) Account For Indian Seafarers?