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of <h1>Non-Resident Indians Can Now Easily Manage Rupee Accounts with Tax Benefits and Flexible Investment Options Under FEMA</h1> The Non-Resident (External) Rupee Account Scheme (NRE Account) under FEMA Regulations allows non-resident Indians to open and maintain rupee accounts with authorized banks. These accounts permit credits from foreign remittances, personal investments, and interest earnings. Account holders can make local disbursements, investments in Indian shares/securities, and obtain loans against account funds. The accounts offer tax exemptions and can be jointly held with specific conditions, with provisions for repatriation and change in residential status.
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