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Definition | : | Non-Resident External |
Category | : | Business » Banking |
Country/ Region |
: | India
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Popularity | : |
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Type | : |
Initialism
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Non-Resident External (NRE) is a bank account meant for a Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) to transfer foreign income earned outside India. Only foreign currency can be deposited into an NRE account and will be converted into Indian Rupee at the time of deposit. NRE accounts are tax exempted.
Non-Recurring Engineering
Engineering
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Negative Regulatory Element
Genetics
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New Relationship Energy
Psychology
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National Railway Equipment
Companies & Corporations
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National Register of Electors
Policies & Programs
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Nippon Restaurant Enterprise
Companies & Corporations
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The full form of NRE is Non-Resident External
Non-Resident External | National Railway Equipment | Nippon Restaurant Enterprise