| Account | What it holds | Repatriable | Interest taxed? | Most NRIs need it? |
|---|---|---|---|---|
| NRE | Foreign earnings (USD/GBP/AED) converted to ₹ | ✓ Fully (no cap) | ✗ Tax-free in India | Yes |
| NRO | Income earned in India (rent, dividends, pension) | Capped at $1M / FY | 30% TDS | If Indian income |
| FCNR | Foreign-currency fixed deposits | ✓ Fully (no cap) | ✗ Tax-free in India | Optional · $50K+ savings |
| RFC | Foreign currency after you move back | ✓ Fully | Depends on RNOR window | Only after return |
Both ask about your residence, income type and goals, then output the exact account combo + which bank to open it at. The Selector takes 60 seconds (banking only). The Profiler takes 5 minutes (the full NRI picture — banking + tax + investing).
Eligibility, what to deposit, minimum balance per bank, tax + repatriation rules — one deep guide per account.
Foreign income parked in India. Fully repatriable, tax-free interest. The default for any salaried NRI / OCI.
Rent, dividends, pension, gift money. $1M/yr repatriation cap, 30% TDS on interest, Form 15CA + 15CB to send out.
Fixed deposits in USD / GBP / EUR / AUD / CAD / JPY. No INR depreciation risk on principal. Tax-free interest in India.
Hold foreign currency post-relocation without forced INR conversion. Funded from FCNR maturity or overseas closure.
NRO yes (with resident parent / spouse / sibling). NRE and FCNR no — those are NRI-joint only. The asymmetry catches people.