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Zerodha (Flat Rs 20 Per Trade)
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An NRE (Non-Resident External) account is specifically designed for NRIs to manage their foreign income. Thus, NRE accounts are expected to receive only foreign currency which gets converted into Indian Rupees (INR) when deposited.
To receive money from India, there exist NRO accounts designed to manage income earned in India (such as income, rent, or local transfers). Till 2012, transfer from NRO to NRE account was not permitted. However, in May 2012, RBI permitted transfers from NRO to NRE subject to certain conditions.
Topic: NRI Bank Account Feedback
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FREE Intraday Trading (Eq, F&O)
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