Can I open an NRE/ FCNR account immediately after I join duty at Europe? - Can I open an NRE/ FCNR account immediately after I join duty at Europe? - Ask the Expert - Fee Only Investment Advisers

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Can I open an NRE/ FCNR account immediately after I join duty at Europe?

I am planning to leave India and employment in Europe 30th November, 2021.

Yes. You will qualify as ‘person resident outside India’ under FEMA since you will be leaving for employment purpose. Hence, you can open an NRE account.

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