NRI Angle: NRE/NRO FDs, Repatriation, and Taxation Basics

NRIs have different rules for deposits and repatriation. Pick the right account and keep documents tight.

Account Types

• NRE: Repatriable and tax free interest in India, subject to rules.
• NRO: For income earned in India. Interest is taxable. Limited repatriation with documentation.

FD Choices

• NRE FDs work for foreign income parked in India. NRO FDs work for local income.

Paperwork

• FATCA and KYC updates at banks, proof of non‑resident status, and tax declarations as required.

Always confirm current RBI and tax rules with your bank and advisor.