I have been an NRI since 2019 and reside in Saudi. I have invested around Rs 40 lakhs in various mutual fund schemes in India from my NRO account by transferring money from my existing NRE to my NRO ...
NRIs have specialized account options in India: NRE for foreign earnings and NRO for Indian income. NRE accounts offer tax-free interest and unlimited repatriation, ideal for parking overseas income.
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