In this article
| NRE | NRO | FCNR(B) | |
|---|---|---|---|
| Currency | INR | INR | Foreign currency |
| Funds | Foreign earnings | Indian income (rent, dividends) | Foreign currency deposits |
| Interest tax | Exempt in India | Taxable, TDS applies | Exempt in India |
| Repatriation | Fully repatriable | Up to USD 1M/FY with documents | Fully repatriable |
Tips
- Keep foreign funds in NRE and Indian income in NRO.
- Claim NRO TDS credit and DTAA relief when filing.
- Inform banks when your residency changes; accounts must be re-designated.
Read next: DTAA and foreign tax credit.
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General information only; not professional advice. Rates, limits and due dates change. Verify with official sources or consult a professional. Reviewed October 2026. See our editorial policy.
