I am an NRI and have a plot in India, which I want to sell and buy a house in India. Is it possible for the purchaser of the plot, who is an NRI, to remit the money to my NRE account? I can then use that money to buy house in India.
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  • As far as I know and have personally experienced, the NRE accounts in India ane no good for any deposits made in India itself. The only way I can credit any amount in my NRE savings account is by remmitting from overseas.