NRE & NRO accounts are the 2 ways NRIs can operate their finances in India. Learn the difference between NRE and NRO accounts , and check which suits you best. HDFC Bank NRE Savings Account is a fully repatriable account for non-resident Indians to deposit their overseas income in INR. Learn about the features, benefits, eligibility, fees and charges, and how to open an NRE account online. Know what is NRE account & what its types. Also, look at the various benefits of the NRE Account & why it is popular among all the NRIs at HDFC Bank. Read more! What is a Non-Resident External (NRE) Account? An NRE (Non-Resident External) account is a rupee-denominated bank account for NRIs to park their foreign earnings in India. Deposits are made in foreign currency and converted to INR, while withdrawals are in Indian rupees.