NRE account - can i transfer money?

[cool.dudehere]

if i open an NRE account with icici. And use someone else to transfer money after converting into iNR to transfer to this NRE. will it allow. or i have to transfer the money only in foreign currency

[pai]

it will allow... its better you call your customer care number of the bank.....

[k mili]

NRE Is a Rupee a/c & one can remit money only from abroad. Remittance of money will be credited to this a/c only if repatriated from abroad. One can use this a/c as reference that the a/c holder is a NRE/working abroad/earnings in foreign currency. With this one can remit money in some designated currency & can keep the amount in FCNB i.e. fixed deposit (minimum 1 year) & can earn interest in the same currency, this he can withdraw after maturity & repatriate etc. & can take advantage of appreciating that currency instead of remitting the amount in Rupee directly when it is not needed.

[eighthwonder0]

No. you will fail in your first step. which is opening an NRI account. how will u prove that u live and work out of India ? only people who earn their money out of India are eligible to open and operate a non resident account.
if you want foreign exchange for some reason your relative or friend from out side of India can easily finance your need just ask your local bank

[shreegems]

no.you can do so with nre.