Transfer Funds
Transferring funds from an NRO account to an NRE account is a common practice for NRIs (Non-Resident Indians) looking to manage their finances efficiently
Why Transfer Funds from NRO to NRE:
- Tax Benefits: Interest earned on NRE accounts is tax-free in India.
- Repatriation: Funds in NRE accounts can be freely repatriated abroad.
- Currency Conversion: NRE accounts are maintained in Indian Rupees, making it easier to manage funds.
