NRE, NRO, and FCNR Accounts: FEMA Rules for NRIs Explained

NRI Account Types Under FEMA

Non-Resident Indians must manage their Indian assets using NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts. NRE accounts hold overseas earnings tax-free and allow full repatriation, while NRO accounts hold Indian earnings and are subject to domestic taxes.