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Foreign Bank Account under FEMA
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A citizen of Bangladesh or Pakistan, belonging to minority communities in those countries, namely Hindus, Sikhs, Buddhists, Jains, Parsis an... -
RBI Master Direction Deposits and Accounts (Updated as on January 9, 2020) Part I - Opening, holding and maintaining foreign currency accou...
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What are the benefits of an FCNR account for an NRI? What are its features? This article explores an important investment avenue for all Non... -
Part II - Opening, holding and maintaining accounts in India by a person resident outside India 1. Introduction 1.1 The Foreign Exchange Man...
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y an Authorised Dealer with its branch, head office or correspondent outside India, and a deposit made by a branch or correspondent outside ...
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Non-Resident Ordinary Account (NRO) – This account type is generally used by NRI’s to save their Indian income. Rent income, dividends from ... -
Non-Resident External Account (NRE) – NRE Accounts are maintained in INR. When you deposit the money in the NRE Account, the foreign currenc...