What Is Non Resident External (NRE) Account For Indian Seafarers? By Anand Gupta TaxGuru

What Is Non Resident External (NRE) Account For Indian Seafarers? 1. Non Resident External (NRE) account is an INR denominated account. Foreign currency earnings can be deposited in NRE accounts which are maintained in Indian Rupees. 2. Foreign currency earnings deposited in NRE account is completely repatriable. There is no limit on the amount of principal and interest earned which can be repatriated. 3. Interest […]

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