Opting for the right bank account is essential for everyone. Here is the key difference between NRE accounts and NRO accounts.

Non-Resident Indians (NRIs) often face challenges managing NRO and NRE accounts. Mishaps include using incorrect accounts for funds, exceeding repatriation limits, and neglecting tax implications ...

NRO accounts: Funds can be repatriated only up to ~1 million (or equivalent) each financial year, after payment of applicable taxes and subject to documentation. Repatriation means transferring money ...