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Withdrawing from NRE account
Posted: Thu Dec 01, 2011 5:51 am
by superior
Q) While visiting India, can I withdraw funds from NRE account to support my stay?
Q) Are there any restrictions on use of these funds in India?
Q) Is there a limit in terms of how much I can withdraw if allowed to do so?
Q) Are there any tax consequences in India if I withdraw funds?
Withdrawing from NRE account
Posted: Thu Dec 01, 2011 7:08 am
by Chakraan
superior;425784Q) While visiting India, can I withdraw funds from NRE account to support my stay?
Yes.
Q) Are there any restrictions on use of these funds in India?
No.
Q) Is there a limit in terms of how much I can withdraw if allowed to do so?
No limit.
Q) Are there any tax consequences in India if I withdraw funds? No
It is your money , you can withdraw as you want and spend.
Withdrawing from NRE account
Posted: Tue Dec 06, 2011 2:28 am
by cmk786
Using your mac card you can withdraw some where between rs 20k to 60k. Different banks has different policy how much max you can withdraw at a time. But you can withdraw more than once immediatly. But you can withdraw few lacks at a time at your bank personally depending up on availability of funds in your account. There is no limit how much max you can write a check to some one. This is based on my personnel experience I am telling you.