Keyword Analysis & Research: nri banking

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Frequently Asked Questions

Can a NRI open an account with zero balance?

The account can be opened either singly or jointly with other NRIs or residents on former or survivor basis. The account can be opened with a zero balance.

What is difference between NRI and NRE account?

There’s confusion between an NRI and an NRE account because both refer to banking services offered to Indians who are residing abroad. In reality, an NRI or non-resident Indian refers to citizens and not an account of any kind. It’s just being used as a representation.

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