How to deposit Indian Rupees to NRE Account? Can you transfer from Saving, NRO or another NRE Account?
If you know about NRI banking facilities and different accounts they can open in India i.e. NRE, NRO, FCNR, and RFC then you know that there are different rules to deposit money on these accounts, but it's not clear to many Non-resident Indians. Most of the doubt comes from the fact that NRE account is a Rupee saving account but you cannot deposit Indian Rupees into It. There are some strict rules to deposit funds into NRE saving accounts.Some of the common questions many NRI friends ask me is that is it possible to transfer money to NRE account from India? or how to transfer money from savings account to NRE account, or can you deposit Indian rupees to NRE account etc.Read more »