Question

A Non ResidentExternal Rupee(NR

  • E account can be opened by any individual residing outside India. Which of the following facility is not attached to NRE accounts?
A KYC norms are not applicable on NRE accounts.
B The interest earned by NRE account holders is not taxable in India.
C Loans in foreign countries can be availed by an NRI through these accounts.
D Transfer of funds across borders with no cost of transfer
E None is true.
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