https://www.taxtmi.com/acts?id=20779 The Non-Resident (External) Rupee Account Scheme permits NRIs and PIOs to open and maintain NRE accounts with authorised dealers and authorised banks. The scheme prescribes eligible credits and debits, permits loans against account funds subject to use restrictions, and allows redesignation of the account on change of residential status. It also regulates joint accounts, power of attorney operations, temporary overdrafts, tax exemption on interest and balances, nominee remittances, and reporting to the Reserve Bank. en-us Thu, 07 Apr 2016 12:02:56 +0530 Tue, 23 Jun 2026 11:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20779 The Non-Resident (External) Rupee Account Scheme permits NRIs and PIOs to open and maintain NRE accounts with authorised dealers and authorised banks. The scheme prescribes eligible credits and debits, permits loans against account funds subject to use restrictions, and allows redesignation of the account on change of residential status. It also regulates joint accounts, power of attorney operations, temporary overdrafts, tax exemption on interest and balances, nominee remittances, and reporting to the Reserve Bank. Act-Rules FEMA Thu, 07 Apr 2016 12:02:56 +0530 https://www.taxtmi.com/acts?id=20779