Economics · Banking
What is a key feature of a Non-Resident External (NRE) account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maintained in foreign currency only
- 2Funds are maintained in INR but sourced from abroad✓
- 3Income earned in this account is taxed in India
- 4Non-transferable principal and interest
Correct answer
Funds are maintained in INR but sourced from abroad
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