Single format · FV08-I4-3

Account-type decision table, which account for which receipt

A single format from the NRI Bank Accounts, NRE, NRO, FCNR(B) and SNRR pack. FEM (Deposit) Regulations 2016 · MD 14 · Remittance of Assets Regulations 2016.

Length
1 page
Blanks to fill
0
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Account-type decision table, which account for which receiptFEM (Deposit) Regulations 2016 · MD 14 · Remittance of Assets Regulations 20160 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Client handout — attach to the NRI onboarding pack and the company's payment master for non-resident payees

WHICH ACCOUNT SHOULD RECEIVE THIS MONEY?

Money you receive or hold

Account

Can it go abroad?

Tax on interest

Salary or business income earned abroad, brought to India

NRE (or FCNR(B) to keep in foreign currency)

Yes, freely

Exempt while NRI under FEMA

Rent from your Indian property

NRO; NRE if the bank accepts it as current income

Yes, as current income, after tax

NRO taxable

Dividend on shares held on a repatriation basis

NRE or abroad

Yes

—

Dividend on shares held on a non-repatriation basis

NRO

Yes, as current income, after tax

—

Director's sitting fees / commission from an Indian company

NRE (current income), NRO, or abroad

Yes, after tax

—

Pension from Indian employer

NRO (NRE if bank accepts as current income)

Yes, as current income

NRO taxable

1 more paragraphs and tables follow in the full format.

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