Difference between NRE and NRO Accounts

NRE deposits are emerging as an attractive investment option, according a report in theBusiness Standard today. “With global interest rates continuing to remain low, non-resident Indians (NRIs) can use the non-resident (external) rupee account (NRE) as an attractive option to park their funds,” said the report quoting experts.  For those who can’t tell an NRE account from an Non resident ordinary rupee account, here’s a quick guide.

As an NRI you can open two kinds of savings accounts in India— non-resident rupee accounts (NRE), and non resident ordinary rupee accounts.

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