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The Economic Times

Business

My NRI status changed. Will interest earned on my NRE FDs be taxable in India?

NRE India ET Wealth FEMA

These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts.

I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–26. While I was an NRI, I invested in fixed deposits through my NRE account, and these deposits are due to mature in FY27. Will the interest earned on these NRE fixed deposits be taxable in India?

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