Discover the benefits and features of NRO accounts with our comprehensive guide. Learn how NRO accounts enable NRIs to effortlessly manage finances in India. An NRO account is a bank account for NRIs who have income source in India. Learn how to open an NRO account , what transactions you can do, and how it differs from an NRE account . When Should You Choose NRE or NRO Account ? Choosing between an NRE and NRO account depends on where your money comes from and how you plan to use it. - Go for an NRE Account if you: - Earn and save abroad - Want to invest in India using your foreign income - Need full repatriation flexibility - Prefer tax-free interest - Opt for an NRO Account if you: - Have income sources in India (rent, dividends, pension) - Need to make payments within India - Don’t mind limited repatriation - Want to ... An NRO account is a type of current or savings account that is held by NRIs in India to manage the income that is earned in India. Know its benefits, eligibility, etc.
