Natural Resources and Environment (NRE)
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Here are some key points to note when getting NRI status: 1. *Inform your bank*: Notify your bank about your NRI status change to avoid account freeze. 2. *Convert savings account to NRO/NRE*: Convert your savings account to NRO (Non-Resident Ordinary) or NRE (Non-Resident External) account. 3. *Close or convert joint accounts*: Decide on joint accounts with resident Indians; may need to be closed or converted. 4. *Update KYC documents*: Update Know Your Customer (KYC) documents with new address
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