What is NRE and NRO Account?

A Non-Resident External (NRE) Account is a bank account that an NRI can open in an Indian scheduled bank to deposit their foreign earnings in India. These accounts can be savings accounts, current accounts, recurring deposits, and fixed deposit accounts

source https://www.caclubindia.com/articles/what-is-nre-and-nro-account-47796.asp

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