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Why to open an NRE account?

Opening an NRE account by NRI provides the following benefits;

Send overseas funds to India and maintain it in INR
Freely repatriate deposits from NRE account overseas at no restrictions
Use NRE account balance to invest in Indian investment instruments
Avail tax advantages as interest earned on NRE account is tax-free.

Answered on 2023-09-22

Zerodha Trade@20

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