When should NRIs Close NRE/NRO & FCNR Account | NRI Money with Alok

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Struggling with your NRO to your NRE & FCNR account? This comprehensive guide breaks down everything you need to know!

In this video, you'll learn:
The fundamental differences between NRO and NRE accounts
Why transferring between these accounts isn't straightforward
Complete documentation checklist
RBI guidelines and compliance requirements
Annual transfer limits and tax implications
Common reasons for NRO to NRE transfers

Whether you're planning a major purchase abroad or simply want to repatriate your Indian earnings, this video provides essential insights for managing your cross-border finances effectively.

Learn from Alok's decade-long experience in managing NRI investments worth over 300 crores.

00:00 Introduction
00:38 When happens NRE, NRO & FCNR account?
01:08 Converting NRE/ NRO Account
01:30 RFC Account
01:34 What happens to FCNR Account
02:19 Timeline to do the changes

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Disclaimer: This video is for educational purposes only and does not constitute financial or legal advice. Please consult with a professional advisor for your specific situation.