NRE SB Accounts and NRE Fixed Deposit Receipts
This query is : Resolved
19 December 2023
Kindly advise
Can we continue to enjoy the benefits of NRE SB and NRE FD after coming back from a foreign country and settling in India?
How many years/months we can keep it without converting it into domestic Accounts?
Can we transfer the balance in NRE SB and NRE FD without converting to domestic accounts to close relatives' NRE accounts - after ONE year from returning from a foreign country and staying in India for more than 182 days continuously?
Can we continue to enjoy the benefits of NRE SB and NRE FD after coming back from a foreign country and settling in India?
How many years/months we can keep it without converting it into domestic Accounts?
Can we transfer the balance in NRE SB and NRE FD without converting to domestic accounts to close relatives' NRE accounts - after ONE year from returning from a foreign country and staying in India for more than 182 days continuously?
20 December 2023
Immediately on return to India permanently you have to close all NRE accounts.
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