Fd interest on nre deposits

94 views 1 replies

I am a NRI, and will be returning back to India for good.

i have NRE fixed deposits with me, which will mature in next 2-3 years.

i have NRE account too.

1. pls advice after returning to india... in how much months will i have to close this NRE account with banks.

2. the interest earned on FDR.... at present i am not showing in my returns,,, pls advice what should i do next.

Regards/Savio

Replies (1)

As soon as you return back...... your status will change to Resident, but Not Ordianry Resident (RNOR).. lasting about 2/3 years from the date of your return........

Almost same facility/exemptions are enjoyed by RNOR as NRI......

More details .... available on google.....

So, Welcome to your native.......


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register