You must inform your bank about change in your residential status. NRO Account/deposit must be re-designated as resident rupee account (savings account or fixed deposit). NRE savings account will be re-designated as a resident rupee account. FCNR and NRE deposits can be closed immediately or can be allowed to run up to maturity. If you choose to continue till maturity, you will get the contracted rate of interest till maturity. Premature withdrawals/closure will attract penalty as per terms of the deposit. For FCNR deposits and NRE account/deposit, you also have an option to transfer the balance to a Resident Foreign Currency Account (RFC). No penalty is payable for premature withdrawal of NRE/FCNR accounts in such cases. The monies can be transferred to Wife account.