Types of PNB NRI Accounts: NRE (Non-Resident External) Account:An NRE account is a rupee-denominated account that allows NRIs to deposit their foreign earnings and repatriate funds freely. It offers competitive interest rates and is exempt from income tax in India. ...
provided the interest rate on the floating rate CD is reset at periodic rests agreed to at the time of issue and is linked to a benchmark published by a Financial Benchmark Administrator or approved by the Fixed Income Money Market and Derivatives Association of India (FIMMDA) for this ...