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Subject: Too late for NRE account?
Sender: NrI
Date: 2017-08-07 21:00:52
Hi,

i am on H1B visa, working in USA for 3 yrs.

Recently came to know, need to have a NRE account for non-taxable money transfer.

If I apply now for NRE a/c, do i need to pay penalty for all that i have transferred via Xoom, till now?

If not, is NRE a/c really required?

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