February 7th, 2012 NRE, nri bank account, SBI, state bank of india by Deepak Sharma

Recently I wrote a blog post about State Bank of India and got many questions about opening the NRE/NRO account in Fremont Branch of State Bank Of India.  I contacted the Bank to get more details about their process and would like to share those with you. NRE/ NRO accounts are opened for NRIs/ PIOs/ OCIs with [...]

January 27th, 2012 NRE, SBI by Deepak Sharma

 NRE Account – State Bank ofIndia NRE account: what is it? NRE stands for Non-Resident External Account where transactions take place in rupee only. The funds in this account are maintained in Indian rupees only. Any interest on this account is subjected to total tax-exemption. An NRE account can only be allowed to be functional [...]