Monday, December 12, 2011

Transfer amount from "A" persons NRE account (In AXIS bank) to "B" persons NRE account (In SBI bank)?

In India is it possible to transfer amount in rupees from "A" persons NRE account (In AXIS bank at mumbai) to "B" persons NRE account (In SBI bank at chennai)...|||No its not.


As per RBI circular indian currency can not be deposited ot debited from NRE account.


u have to do your transaction in some foreign currency.

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