When an NRI decides to permanently move back to India or gives up their non-resident status, their NRE account needs to be closed or converted to a resident account. This conversion typically must be completed within 90 days of becoming a resident.
21 March 2025
If the NRI decides to permanently relocate to India or gives up their non-resident status, the NRE account must be closed or converted to a resident account. The conversion needs to happen within a certain time frame after returning to India, typically within 90 days from the date the account holder becomes a resident.