Can the principal or the interest accrued on NRNR deposits be repatriated outside India at any time?
The principal amount of the deposit is not eligible for repatriation. Interest earned upto 30th September 1994 is also not eligible for repatriation. Interest earned for the period beginning 1st October 1994, is however, eligible for repatriation or can be utilised for opening fresh NRE/FCNR deposits, or can be credited to existing NRE accounts.
The principal amount of the deposit is not eligible for repatriation . Interest earned upto 30th September 1994 is also not eligible for repatriation. Interest earned for the period beginning 1st October 1994 is,however,eligible for repatriation.or can be utilised for opening fresh NRE/FCNR deposits, or can be credited to existing NRE accounts.
Ans. The principal amount of the deposit is not eligible for repatriation. Interest earned up to 30th September 1994 is also not eligible for repatriation. Interest earned for the period beginning 1st October 1994 is, however, eligible for repatriation or can be utilised for opening fresh NRE/FCNR deposits, or can be credited to existing NRE accounts. Q.
Ans. The principal amount of the deposit is not eligible for repatriation . Interest earned upto 30th September 1994 is also not eligible for repatriation. Interest earned for the period beginning 1st October 1994 is, however, eligible for repatriation or can be utilised for opening fresh NRE/FCNR deposits, or can be credited to existing NRE accounts.
Related Questions
- Back to Top of Index Question-31: Can the principal or the interest accrued on NRNR deposits be repatriated outside India at any time ?
- Can the principal or the interest accrued on NRNR deposits be repatriated outside India at any time?
- Can the principal together with the interest accrued on NRNR deposits be renewed, on maturity?
