What are NRE, NRO and FCNR accounts ? their differences ? best suited for ? what are the features of Non-Resident External (NRE) account , Non-Resident Ordinary (NRO) account and FCNR-B (Foreign Currency Non Resident Bank Deposits) account.
| NRE Account | NRO Account | FCNR Account | |
| Best Suited for | To park overseas savings remitted to India by converting to INR | To park Indian earnings like rent, Indian salary, dividend, etc | To park overseas savings in the foreign currency of choice |
| Currency | Rupees | Rupees | USD, GBP, EUR, AUD & CAD |
| Accounts | Can open as a Savings Account, Current Account or Fixed Deposit | Can open as a Savings Account, Current Account or Fixed Deposit | Can open as a Fixed Deposit |
| ATM Card | International Debit plus ATM card | ATM card | – |
