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of <h1>Understanding FEMA Deposit Schemes for NRIs: FCNR(B), NRE, NRO Accounts Explained; Eligibility, Repatriation, and Loan Rules</h1> The features of deposit schemes available to Non-Resident Indians (NRIs) under FEMA regulations. It covers three main accounts: Foreign Currency (Non-Resident) Account (FCNR(B)), Non-Resident (External) Rupee Account (NRE), and Non-Resident Ordinary Rupee Account (NRO). Each account type has specific eligibility, joint account provisions, currency denomination, repatriation rules, deposit types, interest rates, and loan facilities. NRIs from Bangladesh and Pakistan require RBI approval. Loans are generally permitted up to Rs. 20 lakhs for personal, business, or residential purposes in India, but not for re-lending or real estate investment.
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