Records to collect
- Account and deposit inventory
- Currency and maturity instructions
- Source-of-funds documents
- Expected return-to-India date
NRI cornerstone guide
NRE, NRO and FCNR Accounts: Complete NRI Guide
NRE, NRO and FCNR comparisons are not simply a highest-rate choice. Currency exposure, tax treatment, source of funds, repatriability and bank eligibility can matter as much as the headline interest rate.
Reviewed for Tax Year 2026-27 on 2026-08-25.
Start here
Three things to do before relying on an answer
1. Begin with your facts
Set currency and rate assumptions
2. Keep the evidence ready
Account and deposit inventory • Currency and maturity instructions
3. Treat this as a planning path
Use the workflow and official links to verify the rule, form and date that apply to you.
Planning workflow
- 1Set currency and rate assumptions
- 2Compare tax and conversion effects
- 3Confirm account eligibility with the bank
- 4Review redesignation if residence facts change
Use a relevant tool
Official sources cited in this guide
Verify the current rule
Questions to answer before you act
NRE, NRO and FCNR comparisons are not simply a highest-rate choice. Currency exposure, tax treatment, source of funds, repatriability and bank eligibility can matter as much as the headline interest rate.