Nre: And NRO accounts are two types

NRE and NRO accounts are two types of bank accounts available to Non-Resident Indians (NRIs). An NRE account is used to manage foreign earnings in India with full tax exemption, while an NRO account manages income earned in India and is taxable. NRE and NRO are two types of accounts for NRIs to manage their finances in India. Learn the differences between them in terms of taxation, repatriability, suitability and holding structure. What is NRE? Non-Recurring Engineering is the cost of creating a new product and is usually fully paid before any product gets manufactured. This is in contrast with production cost, which is an ongoing cost and is generally based on the quantities produced. Important Update Our website domain has changed to https://centralbank.bank.in