Yes. Transfer of funds from NRE Accounts maintained by two different persons may be allowed for bonafide personal purposes such as personal expenses, education of children, and gifts.

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...

The loans raised against NRE deposits can be repaid out of NRO funds but in such cases, the interest would be charged at commercial rate as in force from time to time. See similar questions...

Banks in India have been authorised to allow repatriation of funds held in NRE accounts freely. Funds held in NRO accounts which would generally be from a local source cannot ordinarily be repatriated outside India. Reserve Bank would consider repatriation of such funds on the merits of each case provided it is satisfied that the funds are of a repatriable nature and have not also lost their identity. See similar questions...

How do I go about depreciating my fixed assets? When I enter a figure in the expense account for depreciation does it adjust the fixed expense account, or do I need to make an account adjustment for that? (i.e., setting up a fixed asset account of accumulated depreciation) Solution: Close any open LoadLedger windows. 1. Go to Lists | Chart of Accounts and create (or update) each account (such as Bank and Credit Card accounts). 2. See similar questions...

You can transfer funds between any of your Monroe Bank checking and savings accounts. You can also transfer money to a loan, resulting in a loan payment. See similar questions...

You can transfer funds to your own accounts which have already been linked to your online banking service. See similar questions...

Yes, you can transfer funds from any of your OCBC Bank accounts to another OCBC account or to an account in another bank within Singapore. See similar questions...

Yes, you can transfer funds to corporate accounts as long as you set up the accounts in your beneficiary list. See similar questions...

The maximum amount of any one transfer is the lesser of the current available deposit or credit balance in the source account. See similar questions...

You can transfer funds to any DBS Savings/Savings Plus, DBS Current/Autosave, POSBank Savings/Current accounts (including Children Development, POSB First account and excluding POSB SAYE) See similar questions...

You can use any DBS Savings/Savings Plus, DBS Current/Autosave, POSBank Savings/Current accounts, Cashline and your Credit Card. Please note that should you transfer funds from your credit card you will be charged a Cash Advance fee of 3% of the amount withdrawn (min. charge of S$10) plus a finance charge of 24%p.a (min. charge of S$2.50) calculated on a daily basis from the date of withdrawal until receipt of full payment. See similar questions...

Yes, you can now also transfer funds from any of your EIB charge cards, linked to your profile, to your own accounts. This transaction will be treated as a "Cash Advance" for which you will have to pay a Cash Advance Fee. To access this function go to 'Transfers', and then click on 'Card Transfer'. See similar questions...

You can transfer funds to and from Cheque and Savings accounts linked to your BSP Internet Banking registration. These accounts are listed when you log on to the BSP Internet Banking system. Due to the nature of some accounts (Passbooks, Term Deposits, Home Loans and Personal Loans), BSP Internet Banking does not allow funds to be withdrawn from them. See similar questions...