Menu
Expat.com

investment

Post new topic

ricky raj

hi all fellow Indians,

Please give me insights about deposits and investments here in Bahrain.

Is an NRE account preferable. any ways to decrease the depreciation.is the best way to transfer in bulk when rates are good?

will the NRE account be accessible from India or can be changed to resident account? just in case i decide to return after a few years.

See also

Opening a bank account in BahrainWORST CREDIT HISTORYBank code not working for SIO Website - indemnityPersonal loan in bahrainBank account suspended
logicalindian

Is an NRE account preferable. any ways to decrease the depreciation.is the best way to transfer in bulk when rates are good?


There are two types of accounts which you can open NRE OR NRO.
NRE: The NRE account is an Indian Rupee denominated account. The income is deemed to be earned outside India. Indian Rupees cannot be deposited into this account, only foreign currency can be deposited which will be converted into Indian Rupee at the time of deposit.

NRO: An NRO account is usually opened to manage income earned in India such as rent, dividends, or pension from abroad. The account holder can deposit and manage accumulated rupee funds conveniently through an NRO account. Foreign currency deposited into the NRO account is converted into Indian Rupees. Any NRI can open a NRO account.

I am not sure about others, but i usually transfer in bulk when the rate is good.

will the NRE account be accessible from India or can be changed to resident account? just in case i decide to return after a few years.


Yes NRE account can be changed to normal savings account once you go back.

ricky raj

thank you as always :thanks:

Articles to help you in your expat project in Bahrain

  • Getting married in Bahrain
    Getting married in Bahrain

    For expats, moving to Bahrain often involves navigating new experiences, and marriage is one of the most ...

  • Driving in Bahrain
    Driving in Bahrain

    Driving a car is a common practice among expatriates in Bahrain, making travel easier and flexible. The Kingdom ...

  • Starting a business in Bahrain
    Starting a business in Bahrain

    Bahrain presents a prime opportunity for investors looking to enter the Gulf Cooperation Council (GCC) market. ...

  • Relocating with your pets to Bahrain
    Relocating with your pets to Bahrain

    Moving to Bahrain is an exciting adventure, enriched by the opportunity to bring along your pets. The country ...

  • Studying in Bahrain
    Studying in Bahrain

    Are you moving to Bahrain with your family? Or are you looking to study in a Middle-East country and wondering if ...

  • Healthcare in Bahrain
    Healthcare in Bahrain

    Bahrain's healthcare system offers robust facilities and high standards of care, catering effectively to its ...

  • Accommodation in Bahrain
    Accommodation in Bahrain

    Bahrain has many housing options, such as luxurious apartments or villas along the coastline of Manama or an ...

  • Shopping in Bahrain
    Shopping in Bahrain

    Shopping in Bahrain

All of Bahrain's guide articles