SBI Maxgain EMI from NRE to NRO

POSTED BY Ela Selvaraj ON June 10, 2013 2:08 am ONE COMMENT

Hi-hi,

I am Ela Selvaraj, an NRI. I opt for SBI Maxgain loan recently and the standing instruction for EMI is from my NRE account. I decided to change the SI to NRO account as I will receive money locally every month. Is that possible to change the EMI from NRE to NRO? Also, I would like to know what are the negatives for changing the EMI to NRO account? 

Many Thanks

Ela

One reply on this article “SBI Maxgain EMI from NRE to NRO”

  1. Dear Ela, you can change EMi from NRE to NRO. Please contact SBI for this. I can not comment for any significant + or – for NRE over NRO. The only thing important is to make sure that there is money in account on the date of EMi debit.

    thanks

    Ashal

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