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Compare NRE, NRO and FCNR Bank Accounts

October 28, 2009

Banking, Income Tax

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Introduction

In our previous article I have explained about the three types of NRI accounts. I felt it is good if I put a comparison chart to explain the difference between these three accounts. That will be good for the readers to quickly differentiate the nature of accounts. Subscribe to our future articles here.

Comparison Chart for NRE, NRO and FCNR

nri-services-nre-nro-fcnr

Summary

I hope this comparison chart is much useful to compare the differences between these three types of accounts. If I have missed out any thing please post it in the comments section. Thank you for reading this article.

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  1. Different Types of NRI Bank Accounts
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  5. IDBI Bank Reduces Interest rates on home loan, Fixed Deposits

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3 Responses to “Compare NRE, NRO and FCNR Bank Accounts”

  1. as Says:
    June 22, 2012 at 8:25 pm

    FCNR -> Fully convertible ???

    Reply

  2. Srinivas Says:
    June 29, 2012 at 12:51 am

    Hi, I am living in Dubai , I am planning to send my daughter to India for higher studies , as per the policy for NRI students some of the universities informed us to pay tution fees in $ ( US Dollars). Currently I am holding NRE and NRO account with HDFC Bank. What type ofaccount I should maintain to issue $ drafts.

    Thanks
    Srinivas

    Reply

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