What are the permitted credits to NRE accounts?
The following credits are permitted: a) Proceeds of remittances to India in any permitted currency. b) Proceeds of personal cheques drawn by the account holder on his foreign currency accounts, travelers cheques, bank drafts deposited by the account holder in person during his temporary visit to India. The travelers cheques (issued outside India)/ bank drafts should be standing/endorsed in the name of the account holder. c) Proceeds of foreign currency/ bank notes tendered by the account holder during his temporary visit to India and should be supported by Currency Declaration Form wherever applicable. d) Transfers from other NRE/ FCNR accounts. e) Interest accruing on the funds held in the account. f) Interest on Government securities and dividend on units of mutual funds, provided the securities/ units were purchased by debit to the account holder’s NRE/ FCNR account or out of inward remittance through normal banking channels. g) Maturity proceeds of Government securities provided th
