BANK ACCOUNT OPTIONS FOR NRIs – NRE, NRO and FCNR

POSTED BY: NRI Legal World | 16 May - 2018

NRIs have a lot of options with regards to opening a bank account in India. NRIs/OCIs can open the following types of accounts in the Indian banks:

Rupee Accounts:
Non-Resident (Ordinary) Account – NRO.
Non-Resident (External) Rupee Account – NRE.
Foreign Currency Accounts:
Non-Resident (Foreign Currency) Account – FCNR

Here is an infographic showing the comparison between the features/offerings of these NRI bank accounts.

Comparison between NRE ,NRO and FCNR Bank Accounts

 

If you are an NRI and have any query related to NRE, NRO or FCNR bank accounts, feel free to get in touch with us at NRI Legal World today! We can help you with all your financial and tax matters.

 

By : NRI Legal World

Leave a Reply

Your email address will not be published. Required fields are marked *

RECENT POSTS


Request a Free Consultation