Vance has opened the waitlist for NRE, NRO, and FCNR accounts! Sign up today to secure your spot. Once we roll out the product, opening your account will be quick and seamless. Simply complete your KYC details on the Vance app, and your account will be activated within 5 to 6 working days. We’ll also handle the entire end-to-end process, including document notarization, in partnership with YES Bank.

• NRE accounts: No taxes on repatriation.
• NRO accounts: Repatriated amounts may be subject to TDS (Tax Deducted at Source), as they are considered income from previous years.

• NRE accounts: No limit, as long as the funds come from abroad or another NRE/FCNR(B) account.
• NRO accounts: No limit on deposits from legitimate sources of income, whether earned in India or overseas.

Once our NRE/NRO accounts are live, you’ll be able to:

1. Deposit foreign currency through our remittance service.
2. Provide your account details, IFSC code, and purpose for remittance.
3. Vance will convert your foreign currency at the best exchange rate and credit the amount in INR to your account.

This service will be ideal for NRIs and PIOs earning abroad and sending funds to India through Vance.

The waitlist is open to individuals with Non-Resident Indian (NRI) or Person of Indian Origin (PIO) status. These accounts help you manage income earned both in India and abroad. Eligibility is based on your stay in India, as per the Foreign Exchange Management Act (FEMA) and Income Tax Act.

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Once the product is launched, here’s what you can expect:

• NRE accounts: Funds will be freely repatriable with no restrictions.
• NRO accounts: Repatriation will be allowed up to USD 1 million per financial year, subject to tax compliance.