Guide
NRE vs NRO accounts explained
If you're an NRI receiving money from the US, the type of Indian bank account you send to changes how that money is taxed and whether it can be sent back abroad. Here's the difference, in plain terms.
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First: who counts as an NRI?
TODO: One-paragraph plain definition of a Non-Resident Indian and why residency status decides which accounts you can open.
What is an NRE account?
TODO: NRE (Non-Resident External) — funded from foreign income, held in INR. Cover: interest tax treatment, full repatriation (principal + interest), typical use case (parking US earnings).
What is an NRO account?
TODO: NRO (Non-Resident Ordinary) — for income earned in India (rent, dividends). Cover: interest taxed / TDS, capped repatriation with paperwork, typical use case (managing Indian-source income).
NRE vs NRO at a glance
TODO: Build a comparison table across these rows — Source of funds · Currency held · Repatriable? · Interest taxable in India? · Joint holding rules · Best for.
| Feature | NRE | NRO |
|---|---|---|
| Source of funds | TODO | TODO |
| Repatriable | TODO | TODO |
| Interest taxed in India | TODO | TODO |
| Best for | TODO | TODO |
Which one should receive money from the US?
TODO: Practical guidance — when foreign remittances usually go to an NRE account, and when a resident/NRO account is the right destination. Note this is general information, not tax advice.