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sujit bangar
Sujit Bangar

Sujit Bangar

Sujit Bangar, Founder of TaxBuddy.com and Finbingo.com

The NRE account is designed for NRIs to transfer and manage their foreign earnings in India, while the NRO account is meant to manage income earned in India, such as rent, dividends, or pensions.

NRE & NRO accounts: A comprehensive guide for taxpayers

by Sujit Bangar |Oct 22, 2024

To simplify this, Indian banks offer two key types of accounts: the Non-Resident External (NRE) Account and the Non-Resident Ordinary (NRO) Account. These accounts help NRIs handle their earnings and ...