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NRIs Planning - FAQs >
Bank Accounts
Bank Accounts
•
Salary in NRE account may not be taxable in India
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Interest in NRO deposit is taxable in India
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Interest from bank deposit abroad is not taxed in India
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Interest on deposit in NRO account subject to TDS
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No tax on foreign currency bank deposit interest for NRIs
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NRI banking options to save, remit, invest
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Interest earned on FCNR deposit is exempt from tax
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Interest earned on NRE account is tax exempt
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Interest income from FDs held in NRO account is taxed at 30%
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You can repay home loan through NRE, NRO account
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Non-resident ordinary account taxed as per individual’s slab rate
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