Withdrawing from NRE account

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superior
Posts: 1
Joined: Thu Dec 01, 2011 5:42 am

Withdrawing from NRE account

Post 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?
Chakraan
Posts: 1493
Joined: Thu Feb 08, 2007 2:43 pm

Withdrawing from NRE account

Post 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.
cmk786
Posts: 410
Joined: Tue Feb 16, 2010 2:48 am

Withdrawing from NRE account

Post 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.
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