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NRE Fixed Deposit Account
 

Repatriation and Tax Benefits:

 
Can I repatriate the money from my NRE fixed deposit?
Yes, both the principal amount deposited as well as the interest earned in this account are fully repatriable.

Do I pay tax on the interest income earned from my NRE fixed deposits?
No, according to the current regulations, interest earned on your NRE fixed deposit is exempted from income tax in India (Fully exempt from tax u/s 10(4)(ii) of the Income Tax Act, 1961).
 
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