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To transfer funds from an NRE (Non-Resident External) account to an NRO (Non-Resident Ordinary) account, you can do so through online banking, by visiting your bank branch, or by using a wire transfer. Make sure to follow the necessary procedures and provide the required documentation for the transfer to be completed successfully.

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5mo ago

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Is it possible to transfer funds from an NRE account to an NRO account?

Yes, it is possible to transfer funds from a Non-Resident External (NRE) account to a Non-Resident Ordinary (NRO) account.


How can I transfer money from my NRE account to my NRO account in HDFC online?

To transfer money from your NRE account to your NRO account in HDFC online, you can use the "Transfer Funds" option in your HDFC online banking portal. Select the option to transfer funds between your NRE and NRO accounts, enter the amount you wish to transfer, and follow the on-screen instructions to complete the transaction.


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.


Is it possible to transfer money from an NRE account to an NRO account?

Yes, it is possible to transfer money from a Non-Resident External (NRE) account to a Non-Resident Ordinary (NRO) account.


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.


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


Is it possible to transfer money from a normal savings account to an NRO account?

Yes, it is possible to transfer money from a normal savings account to an NRO account.


How can I transfer money from my savings account to my NRO account?

To transfer money from your savings account to your NRO account, you can use online banking, visit your bank in person, or use a mobile banking app to initiate the transfer. Make sure to provide the necessary details such as the account numbers and transfer amount to complete the transaction.


What is the full form of NRO?

Non Resident Account.


What is full form of NRO?

non residential overseas account


How can I purchase property in India from the USA?

To purchase property in India from the USA, you will need to follow these steps: Find a property in India that you are interested in purchasing. Hire a local real estate agent or lawyer in India to help you navigate the legal process. Obtain a Permanent Account Number (PAN) from the Indian tax authorities. Open a Non-Resident External (NRE) or Non-Resident Ordinary (NRO) bank account in India to facilitate the transaction. Transfer the funds from your US bank account to your Indian bank account to complete the purchase. Register the property in your name at the local registrar's office in India. It is important to be aware of the legal requirements and regulations regarding property ownership in India as a foreigner. Consulting with legal experts and professionals throughout the process is highly recommended.