Unnikrishnan B
(Branch Manager)
(740 Points)
Replied 05 September 2016
1,in the case of FCNR it is upto the decision of every bank tgey can decide if it could be contunued as FCNR till maturity.but such deposuts are resident deposits from tge date permanent return to india
In the case of NRE deposits it should be treated as resident deposits or may be trssferred to RFC accounts
So banks can deduct tds from these accounts from tge date nre stays india permanently
2,it is treated as resident drposit even tgough it is kept as NREFD
3,Yes
4,purely question of income tax if you are resident tgen above 60 Years 3 lakh is your limit ir nin resident then no senior citizen
I hope i have answred the queries
Thank you
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