NRO/NRE account in India of NRI
NRO (Non-Resident Ordinary) and NRE (Non-Resident External) accounts are for NRIs in India. An NRO account manages income earned in India, subject to Indian taxes, with repatriation limits. An NRE account holds foreign income, offering tax exemptions and unrestricted repatriation. Both facilitate easy fund transfers between India and abroad.
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