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What Happens To Accounts Of A Nri's Nre Or Fcnr Accounts Which He/she Has Opened Abroad After His/her Return To India? |
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Answer» A returning Indian's NRE/FCNR accounts is USUALLY designated as a Resident account. Most BANKS allow these DEPOSITS to continue to run till maturity at the contracted RATE of interest. A returning Indian's NRE/FCNR accounts is usually designated as a Resident account. Most banks allow these deposits to continue to run till maturity at the contracted rate of interest. |
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