I am from India and I have recently moved to UAE for full time job here. In order to invest my savings in Indian instruments, I am required to open NRE/NRO account. However, I also have a active current account in India for which I file GST return regularly.
My CA has suggested that it is fine legally. My Bank is recommending to close the current account which I can't at this point. Is it legal to open NRE account in this case?
Would anyone suggest a solution on this please?
Thank you advance.
Ketan
