NRO/NRE account in India
NRO (Non-Resident Ordinary) and NRE (Non-Resident External) accounts are for NRIs managing their finances in India. NRO accounts handle income earned in India, while NRE accounts manage foreign income. NRE accounts offer tax-free interest and easy repatriation, while NRO accounts are subject to tax on income and repatriation limits.
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