General Insurance. Home Loans. Loans against Fixed Deposits. Request a call back to open an NRI Account. The photocopies provided will require self-attestaion i. When you submit an application for account opening from outside India, you will need:. The photocopies provided will require self-attestation i. When you submit an application for account opening from outside India, you will need :. We request you to try again after some time.
If the issue persists, please call our customer care numbers or submit a complaint. Account Mutual Funds. Insurance Life Insurance General Insurance.
Global Banking Overview. Other Countries Discover convenient modes of money transfer. Singapore Discover convenient modes of money transfer from Singapore. E - Guide. Online Tax Queries. Channels for Banking Requests. Branch Banking. How To Fund Your account. Internet Banking. Also, the account is completely tax-free in India.
In other words, the account is not subject to TDS, income tax, gift tax, or wealth tax in India. There is no time restriction for holding money in an NRE account. However, suppose the NRI returns to India for good. In that case, they have to convert the account to a resident savings account. The reasonable period within which they can convert is three months.
Last updated September 30, Our weekly newsletter with finance tips and investment insights from our experts. Your privacy is important to us. Share this article. Article Content. What is an NRE Account? Why do you need to open an NRE Account? What is an NRO account? Posted on 18 Feb, Shivani Chaluvadi See all articles by Shivani Chaluvadi. Subscribe Your privacy is important to us. Show comments 0.
There are no restrictions. The income from the NRO account is taxable. NRIs can reduce their tax liability by availing benefits under the Double Taxation Avoidance Agreement with a few countries. Please obtain professional legal, tax and other investment advice before making any investment or availing any product and services Any investment decisions that may be made by you or any decision to avail any product and services shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved.
The information set out in this document has been prepared by ICICI Bank third party based upon projections which have been determined in good faith by lClCl Bank third party and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate.
In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us.
Past performance cannot be a guide to future performance. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited. Account Mutual Funds. Insurance Life Insurance General Insurance. Global Banking Overview. Other Countries Discover convenient modes of money transfer. Singapore Discover convenient modes of money transfer from Singapore.
E - Guide. Online Tax Queries. Channels for Banking Requests. Branch Banking.
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