Premature FCNR to NRE Conversion

PPB Operational Aspects of NRI Business Free JAIIB Capsule 33 views Updated
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PPB · Operational Aspects of NRI Business
What penalty applies if an NRI prematurely withdraws an FCNR(B) deposit to immediately convert it into an NRE or RFC account?
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What penalty applies if an NRI prematurely withdraws an FCNR(B) deposit to immediately convert it into an NRE or RFC account?

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This capsule covers Principles & Practices of Banking, Operational Aspects of NRI Business. Members get the complete explanation plus every other premium capsule, mock test and PDF.

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