Can I put my ex's stuff in a storage unit?
Yes, you can deposit money in foreign currencies like US Dollars (USD) into a Non-Resident External (NRE) account. At the time of the deposit, the foreign currency is automatically converted into Indian Rupees (INR) at the prevailing exchange rate. NRE accounts are designed specifically for this purpose, providing convenience and flexibility for non-residents who wish to maintain savings in India. Once the conversion to INR is complete, you can withdraw the funds in Indian Rupees as needed. This feature is a primary benefit of NRE accounts, allowing you to manage your funds from abroad while dealing with the Indian banking system's native currency.
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