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Understanding NRI Tax and Bank Accounts by Saurab Jain is a document available to read on EtoBox.
What is Understanding NRI Tax and Bank Accounts about?
A Non-Resident Indian (NRI) is an Indian citizen who has temporarily emigrated to another country for over 6 months. NRIs have different tax rates than residents in India. There are several types of bank accounts that can be opened by NRIs including NRO accounts (non-repatriable rupee accounts), NRE accounts (rupee accounts where deposits can be freely repatriated), and FCNR accounts (foreign currency accounts). Special types of accounts can also be opened for illiterate or blind persons, married women, and
- Author
- Saurab Jain
- Language
- EN