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Repatriation and Tax Benefits: |
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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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Important information for US Persons
The offering, sale and/or distribution of many of the products or services described on this website is not intended in any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States. Read more...
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Rupee Savings Account
NRE Savings Account
Tax Benefits
