jeblynwood
Joined: 13 May 2013
Posts: 10
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 Posted: Mon May 13, 2013 8:03 am Post subject: NRI Money Transfer - Options Open to You |
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NRI are encouraged to open up NRE accounts to bring in non resident Indian's income back home. With this you enjoy tax exemptions on the income earned through rental income, mutual fund profits, shares and debentures. It allows for money transfer in any foreign currency such as EUR, JPY, GBP, USD. Since, NRE accounts are on repatriation basis, it allows an NRI to transfer abroad, money earned in India. These allow you to enjoy higher interest rate on your savings account besides providing you tax exemptions on your income attained.
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