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Dec 11, 2012
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NRE deposits emerging as an attractive investment option
With global interest rates continuing to remain low, non-resident Indians ( NRIs) can use the non-resident (external) rupee account (NRE) as an attractive option to park their funds, say experts. According to them, the advantages of NRE accounts are many: They offer higher interest rates, have the repatriability option and are tax-free.Compared with other bank accounts for NRIs in India such as foreign currency non-resident account (banks) or foreign currency non-resident (bank) [FCNR (B)] and non-resident ordinary accounts (NRO), NREs will continue to attract higher inflows, according to experts.
Source -
http://business-standard.com
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