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Can a Non-Resident (NRIs) prematurely withdraw the proceeds of NRNR deposite & credit his NRE A/C?

April 26, 2017credit deposite non-resident NRE NRIs NRNR prematurely proceeds withdraw

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Can a Non-Resident (NRIs) prematurely withdraw the proceeds of NRNR deposite & credit his NRE A/C?

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No. The proceeds of NRNR deposits can be credited to NRE A/C only on maturity and in case of premature withdrawal the proceeds shall be credited only to NRO A/C.