Search found 2 matches
- Fri Feb 09, 2007 1:32 am
- Forum: To Chennai, Bengaluru, Tamil Nadu, Karnataka
- Topic: NRE Account (Non Resident External Rupee)
- Replies: -1
- Views: 6
NRE Account (Non Resident External Rupee)
Yes. There is a differential in the interest rate earned vs paid. The reason for withdrawing the funds would be to buy something like, plot of land. Or loan to someone/ a business for a much higher interest rate. Indy [quote=Desibabu19;6050]Sure taking a loan would work. Of course you will pay more ...
- Wed Feb 07, 2007 8:38 pm
- Forum: To Chennai, Bengaluru, Tamil Nadu, Karnataka
- Topic: NRE Account (Non Resident External Rupee)
- Replies: -1
- Views: 6
NRE Account (Non Resident External Rupee)
Hi All: I have been trying to find out if there is an easy way to withdraw funds from the NRE account and still be able to repatriate them later. Here is the process I am going through currently with ICICI. I send an X amount of money by power transfer into the NRE account at ICICI. Then do a fixed ...