NRI Deposit Quiz

All individuals shall be deemed to be a resident when he/she stays in India for ................. days or more during the previous year

• 180

• 185

• 182

• 365

What is the minimum and maximum tenor for which NRE term deposit can be opened

• 1 year -5 year

• 7 days to 10 years

• 7 days to 5 years

• 1 year to 10 years

In respect of NRE Term deposit,no interest is payable if the deposit is prematurely closed within

• 6 months

• 1 year

• 10 years

• 7 days

NRE sukoon is a ........... account

• SB

• Current

• Term Deposit

• Recurring deposit

What is the maximum amount that can be repatriated from NRO account in a FY

• $ 1,00,000 or equivalent

• $2,50,0000 or equivalent

• $5,00,000 or equivalent

• $1 Million or equivalent

Minimum and Maximum permissible tenor for opening a FCNR deposit

• 1 year ,5 years

• 7 days ,10 years

• 7 days and 5 years

• 1 year,10 years

What is the minimum and maximum permissible tenor for NRO term deposit accounts

• 1 year ,5 years

• 7 days ,10 years

• 7 days,5 years

• 1 year,10 years

Can NRO account be opened by an NRI jointly with a resident

• No

• Yes,Either or survivor mode of operation

• Yes,Former or survivor with NRI as the former

• Yes,Former or survivor with Resident as the former

On becoming NRI,his existing resident Sb account should be converted to

• NRE

• NRO

• FCNR

• Need not be converted

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