Nre: The full form of

The full form of NRE is Non-Resident External. This means that this account is specifically for Non-Resident Indians (NRIs), who live abroad and earn there. An NRE account is a bank account where you can deposit your foreign earnings (such as salary, business profits) in a foreign currency (such as US Dollar, Euro), and the money is converted into Indian Rupees. You can open an NRE account with almost all banks in India – such as SBI, HDFC, ICICI, Axis, and Kotak Mahindra. This account can ... Important Update Our website domain has changed to https://centralbank.bank.in NRE and NRO accounts are two types of bank accounts available to Non-Resident Indians (NRIs). An NRE account is used to manage foreign earnings in India with full tax exemption, while an NRO account manages income earned in India and is taxable. NRE and NRO are two types of accounts for NRIs to manage their finances in India. Learn the differences between them in terms of taxation, repatriability, suitability and holding structure.