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Can an NRI transfer funds between NRE accounts?

April 26, 2017accounts funds NRE NRI transfer

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Can an NRI transfer funds between NRE accounts?

3 Answers

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Yes. The funds can be transferred between NRE/FCNR accounts of an account holder and also between NRE/FCNR accounts of two different NRIs, i.e. the funds lying in NRE/FCNR accounts of an NRI can be freely transferred to NRE/FCNR account of any other NRI.

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Yes. The funds can be transferred between NRE/FCNR accounts of an account holder and also between NRE/FCNR accounts of two different NRI’s, i.e. the funds lying in NRE/FCNR accounts of an NRI can be freely transferred to NRE/FCNR account of any other NRI.

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Yes. The funds can be transferred between NRE or FCNR accounts of an account holder and also between NRE or FCNR accounts of two different NRIs, ie, the funds lying in NRE or FCNR accounts of an NRI can be freely transferred to NRE or FCNR account of any other NRI.