The NRE Account offers the dual benefit of maintaining an account in Indian Rupees and then converting the funds into a foreign currency at the time of repatriation.

The Non Resident External (NRE) Account is a savings account held in India, in Indian rupees. The Principal and the interest in an NRE account is fully repatriable. Interest income is exempt from Indian Income Taxes. See similar questions...

You can fund by sending us – New York office, a check. For details please visit www.statebank.com/remittance.htm In addition to checks, you can also effect the remittance thru an ACH authorization, charge to your debit/credit card or vide a wire transfer to SBI New York. The charges are as follows: Our India office offers an online remittance service – SBI Express Remit – to India. For details visit www.onlinesbi.com/gls. See similar questions...

Mass Transit: The Commuter Benefits program provides employees with the convenience of buying transit passes on-line and having them automatically delivered every month directly to their homes. Parking: Employees may elect to have their parking facility paid directly every month, or may choose to establish an account from which their parking expenses are reimbursed. See similar questions...

Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRO account cannot be remitted abroad but used only for local payments in rupees. Consequently, funds remitted from abroad or local funds which can otherwise be remitted abroad to the account holder can only be credited to NRE accounts. Funds which do not qualify, under the Exchange Control regulations, for remittance outside India are required to be credited to NRO accounts. See similar questions...

Select discount dental plans offer significant savings on orthodontia. Please contact our Customer Service Department toll free at 888-632-5353 for more details. See similar questions...

Select discount dental plans offer significant savings on cosmetic dentistry, including teeth whitening, veneers and other treatments. Please contact our Customer Service Department toll free at 888-632-5353 for more details. If you can not find the answer to your question here or if an answer posted is unclear, please contact us. If you have questions related to benefit or procedure terminology, you are more likely to find the information you seek in the Dental Terminology section. See similar questions...

Ans: Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRO account are not generally repatriable. Repatriation of balances held in NRO accounts is allowed subject to certain conditions. Funds remitted from abroad or local funds which can otherwise be remitted abroad to the account holder can be credited to NRE accounts. See similar questions...

Yes.You can send money to any NRE account in India. If you have an account with any of Times of India Remit2India's partner banks for NRE accounts, money is directly credited into your account. Alternatively, a locally payable demand draft is sent to the bank where you have your NRE account. See similar questions...

No, you cannot purchase mutual fund units from the PINS account. You can only do so in the Non-Pins account. See similar questions...

Yes. except for the purpose of relending, carrying on agricultural/plantation activities or for investment in real estate business. Loans against NRE fixed deposits can, however, be utilised for investments in India on non-repatriation basis, in certain specified areas and for acquisition of flats/houses subject to prescribed conditions. See similar questions...

Yes. Authorised dealers can permit transfer of funds from the NRE account of one person to the NRE account of another person for bona fide personal purposes. Transfers by way of gifts are permitted subject to payment of gift tax. Remittances made for credit to rupee accounts (i.e. NRE/NRO/NRNR accounts) maintained by NRIs are converted at market rate. Yes, NRI and other non-residents can maintain NRO rupee accounts as well as keep deposits with banks in India under NRNR Rupee Deposit Scheme. See similar questions...

A Debit card is valid globally and can be used to withdraw funds from your NRE savings account. NRO Account holders receive only an ATM card, as per RBI regulations. See similar questions...

Yes.You can send money to any NRE account in India. A locally payable demand draft is sent to the bank where you have your NRE account. See similar questions...

Quickremit - Our completely online remittance service that enables you to remit funds to a beneficiary in India from the US, UK and Singapore. IndiaLink - A fast and efficient way to send remittances to India through Exchange Houses in the Gulf. Telegraphic transfer - SWIFT money transfers into your account from any of our correspondent banks overseas. See similar questions...