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Is transfer of funds between NRE accounts maintained by two different account holders permitted?

April 26, 2017account accounts different funds HOLDERS maintained NRE permitted transfer

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Is transfer of funds between NRE accounts maintained by two different account holders permitted?

6 Answers

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Yes. Bank can permit transfer of funds from NRE account of one person to the NRE account of another person for bona fide personal purposes. Transfers by way of gifts are permitted subject to payment of gift-tax.

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Ans. 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. Transfers by way of gifts are permitted subject to payment of gift tax.

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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 bona fide personal purposes. Transfers by way of gifts are permitted subject to payment of gift tax.

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Ans. Yes. Authorised dealers can permit transfer of funds from the NRE account of one person to the NRE account of another person for bona fide personal purposes. Transfers by way of gifts are permitted subject to payment of gift tax.

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Ans. Yes. Authorised dealers can permit transfer of funds from the NRE account of one person to the NRE account of another person for bona fide personal purposes. Transfers by way of gifts are permitted subject to payment of gift tax. Q.