Can the LIC Maturity Amount be Credited to an NRE Account

Описание: NRIs NRIs ask if the LIC maturity amount can be credited into an NRE Account.

NRO account is a Rupee account maintains the income earned in India by an NRI.

NRE account is Non Resident External account opened in India to maintain the foreign earnings by an NRI. NRIs can deposit the LIC premiums from NRE account and can avail the GST exemption on the premium amount as well.

For more information, you may visit our website https://www.insurancefornris.com or whatsapp at +91-9230091000