They’re also exempt from wealth tax and gift tax. Tax Exemption: Both the principal amount and interest earned in NRE savings accounts are exempt from income tax in India.Easy Repatriation: The principal and interest earned in NRE accounts are freely repatriable, which means that the account holder can transfer the funds back to their foreign account without any restrictions.
NRE (Non-Resident External) savings accounts offer several benefits. SBI NRE savings account interest rate are listed below: NRE Savings Account Interest Rates by Top 5 Banks SBI NRE Savings Account Interest Rates Note: These rates are indicative and subject to change according to the bank’s policy and RBI’s guidelines.
