The main differences between an NRE and NRO account are the funds used to open an account, taxation, and repatriability. An NRE account can only be opened using foreign currency, while NRO accounts can be opened with both foreign funds and Indian rupees. In regards to taxes, an NRE accoun...
NRE & NRO accounts are the 2 ways NRIs can operate their finances in India. Learn the difference between NRE and NRO accounts, and check which suits you best.
When you have to transfer money from yourNRE account/ NRO account to a local savings bank account in India, you have three options. These are NEFT (National Electronic Funds Transfer)[1], IMPS (Immediate Payment Service) and RTGS (Real Time Gross Settlement). The type of transaction d...
In this financial instrument, the depositor has to invest the money only once in a lump sum, when the account is opened, and it is repaid back to him along with the interest once the specified time is over. That is why it is known as Fixed Deposit account. After depositing the money,...
Why is it important for NRIs to open NRE or NRO Account? As per RBI Regulations, a Non-Resident Indian (NRI) cannot open and operate a regular resident Savings Account and further, any account should be converted into NRI Account by the bank before one gets NRI status. It is essential ...
The difference between savings account and current account can be drawn clearly on the following grounds: Savings Account is a kind of demand deposit account that individuals maintain with a bank to park their surplus funds and earn interest on the deposits. As against, the current account is a...
Ramayana vs Mahabharata The Ramayana and the Mahabharata are the two epics of India. They show some differences between them when it comes to their dates o
crystals, including whether solvates and hydrates are included in the same definition: the FDA has defined co-crystals as "solids that are crystalline materials composed of two or more molecules in the same crystal lattice" with the interactions between them governed by "non-ionic interactions" [...
Thereby, the attenuation d/r(x,y), with r(x,y) being the distances between the respective points on the membrane and the microphone and a delay r(x,y)/c, is used, where c is the speed of sound in the air. 3.1.2. Distribution of Paste To account for the pattern and amount of...