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NRE vs NRO picker · ఏ ఖాతా సరిపోతుంది?

Three questions. Your answers stay in your browser.

1. Will you send money into India from your income abroad (US salary, savings)?
2. Do you have income earned in India (rent, pension, dividends, old savings, sale of property)?
3. Might you want to move this money back out of India later?
Quick facts
NRE: funded from foreign income; principal and interest freely repatriable; interest is tax-free in India (may still be taxable in the US).
NRO: for income earned in India; interest is taxable in India with TDS; repatriation allowed up to USD 1 million per financial year after taxes, with required forms (CA certificate, Form 15CA/15CB).
Sources: RBI FAQs on NRI accounts · RBI FEMA. Verify with your bank or CA.