accounts are aimed for those
Indians who reside abroad either temporarily or
permanently for doing job
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Explanation:
The account that is referred in question statement is called a foreign account or overseas accounts.
Overseas account allows you to bill in a foreign currency, so It also allows you to hold the foreign currency in a local account that one has. One of the greatest benefits of these accounts is that one can send home without bearing the conversion rate loss. And also this is suitable for people who need to send money frequently and on emergency basis also
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