answersLogoWhite

0

Who is an nri and nre?

Updated: 9/18/2023
User Avatar

Wiki User

13y ago

Best Answer

NRI - stands for Non Resident Indian and

NRE - stands for Non Resident External

They are both two different types of bank accounts that are available for Indians who are employed abroad. The services are available from almost every major bank in India and they help the customers to save money and to transfer funds in foreign currency from abroad to India.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who is an nri and nre?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the difference between NRI and NRE?

NRE and NRO are similar with few differences. NRE -> foreign currency deposits only. Only Rupee withdrawals. NRO -> forign currency and rupee deposits. Only rupee withdrawals. NRE-> Any NRI can open an account NRO-> Resident can open . or NRI and resident together can open the account. NRE -> Not Taxed NRO->Taxed. NRE -> Can transfer from NRE to NRO account NRO -> Cannot transfer from NRO to NRE account.


Nri account in hdfc bank?

dear m/s i open the accounts nre & nro accounts i want to know the if i diposit my money on nre can i withdrow my money fron nro account dear m/s i open the accounts nre & nro accounts i want to know the if i diposit my money on nre can i withdrow my money fron nro account dear m/s i open the accounts nre & nro accounts i want to know the if i diposit my money on nre can i withdrow my money fron nro account


Which is the best bank to open NRI account?

Well, To be honest, I had many NRI Accounts in different banks. but the service and rates were not so good, then my friend suggest SBM Bank, But still, I was thought this bank also like that. but I was wrong now, it's been a couple of years since I open an NRE account in SBM Bank, Trust me they provide a good service to their customers, as well as their rate of interest, is also good. if you are looking to open an NRE Account in Bank then I highly recommend you SBM Bank. I hope this anser will be beneficial for you. Good Luck Visit : sbmbank. co.in


What is the meaning for NRI deposits?

what is nri deposits


Aguleri and nri which is the cradle of igbo?

Nri is considered the cradle of Igbo civilization, where the Igbo people believe their origin and culture began. The Nri kingdom played a significant role in the development of Igbo society, religion, and governance. Aguleri, on the other hand, is a community in present-day Anambra State, Nigeria, with its own historical and cultural significance within the Igbo region.


What does nre mean?

"NRE" typically stands for "New Relationship Energy." It refers to the intensely positive and energizing feelings experienced at the beginning of a new romantic relationship.


What is NRI used for?

Nri stands for non resident indian


When did Kingdom of Nri end?

Kingdom of Nri ended in 1911.


When was Kingdom of Nri created?

Kingdom of Nri was created in 948.


When was Cyril Nri born?

Cyril Nri was born in 1961, in Nigeria.


What is the difference between an NRE and NRO account?

The difference between an NRE and NRO account is that with an NRE account, you can't transfer money any way other than remittance from abroad. With NRO accounts, money is freely transferable.


What is the difference between NRE and NRO accounts?

The difference between an NRE and NRO account is that with an NRE account, you can't transfer money any way other than remittance from abroad. With NRO accounts, money is freely transferable.