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For how long can I maintain NRE and NRO account after returning to India permanently? If I return to India after a year of opening an FDR, will the interest accrued for the period after my return till its maturity, be treated tax free?
Published on: Jan 27, 2012, Last updated on: Jan 27, 2012
Categories: Investment Instruments, Direct Investment, Taxation, Source: Premium Knowledge Partner
Answered by: Kotak Mahindra Bank
A In both the cases, the bank will issue a demand draft along with source of funds and the same can either be deposited in your resident savings account or you can open RFC Account and deposit into the same. No, the taxation will remain same till the maturity of NRE deposit. We are premium knowledge partner of OIFC and the 4th largest private sector bank in India. We thank you for choosing us and have a host of banking products for NRI's to choose from.
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