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Back to Top of Index Question-25: Is transfer of funds between NRE accounts maintained by two different acccount holders permitted ?

April 26, 2017acccount accounts different funds HOLDERS index maintained NRE transfer

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Back to Top of Index Question-25: Is transfer of funds between NRE accounts maintained by two different acccount holders permitted ?

1 Answer

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Yes. Authorised dealers can permit transfer of funds from the NRE account of one person to the NRE account of another person for bonafide personal purposes such as personal expenses,education of children, gift etc.