NRE → Resident Account Redesignation Tool
Plan NRE/NRO action on a qualifying return and an existing FCNR(B) deposit's maturity. FEMA section 2(v) and RBI Master Direction 14/2015-16 govern the banking distinction; income-tax residence is separate. Bank documents, eligibility and current interest-tax treatment need their own review. Inputs stay on your device.
Last verified against RBI Accounts in India by Non-residents FAQ; Master Direction 14/2015-16, Part I 3.2 and Part II 4.9/6.10.
Verified scope: NRE/NRO return actions, existing FCNR(B) continuation and RFC permitted credits. The 2025 Act interest and withholding provisions are not verified here.
Sources: www.rbi.org.in / www.rbi.org.in
Source: RBI Master Direction FED MD 14/2015-16.
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Related Reading
Accounts and Banking- FEMA Resident vs Income-Tax Resident: Two Different Tests
FEMA section 2(v) governs account residence; Income-tax section 6 governs tax residence. Understand why purpose, days and earlier years can produce different answers.
- NRE/NRO After Return to India: When to Redesignate
RBI calls for immediate NRE/NRO redesignation on a qualifying return. Check the trigger, resident-account options, bank steps and consequences of delay.
- What Happens to an FCNR FD After You Return to India?
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