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Contact Us

Call us on 
0044 75778 44887
 
Fill the Contact Us form or
Email us at
 
London Office

NRI Centre 

VisionCrest Consultants

5 Eagle Court

Drinkwater Road

Harrow HA2 0FZ

Middlesex (UK) 

 

 

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Non Resident Indian Account

Type of Account  Funds Repatriation Tax Deducted at Source  Rupee Deposit
 Non Residnet External (NRE)    Yes No Not Allowed
Non Resident Ordinary (NRO) No* Yes Allowed

Funds Repatriation 

  • Funds transferred to NRE account are fully repatriable, which means that you can bring your money back to your local bank account without any restriction. 
  • *Funds lying in the NRO account can only be transferred back to your local bank account if the money is tax paid and the customer can provide a Charted accountant certificate (15 CB and 15 CA form) 

Tax Deducted at Source (TDS)

 

  • Interest paid on the NRE account is gross. There is no tax deducted at source.
  • Interest paid on the NRO account is net of tax. 

Rupee Deposit

 

  • Rupee income originating from Indian cannot be deposited into NRE account.
  • Rupee income originating from India can be deposited into NRO account.