Friday , April 20 2018

Can I convert savings account to NRE?

As per FEMA regulations, as and when you become a NRI, you need to convert your resident savings bank account to a Non Resident Ordinary (NRO) account. … To answer your specific question, you cannot convert resident account to NRE account. It is advisable to open a separate NRE account in same or different bank in India.

About Atuel Vaja

I am Atul, I wanted to share my blog, NRI guide. I am an amateur blogger, who love writing view and helping people. The original idea was to feel the experience of travelling alone 75% of the time and 25% within a group. Things began changing when the people around me started thanking me for the travelling information I shared, they insisted me to open a blog, so that the benefit could be availed by many. This noble idea was put into practice with NRI guide. I wish you all a happy and safe journey.

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What is the minimum balance for Icici NRI account?

Monthly Average Balance. You need to maintain a monthly average balance of INR 10,000 at account level or INR 25,000 ...

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