LetsDiscuss: NRO, NRE and FCNR accounts for NRIs: Pros and Cons to consider before opening a account

There are several options available for NRIs considering opening a account in an Indian bank: Non-Resident Ordinary (NRO) Savings Account, NRO Fixed Deposit Account, Non-Resident External (NRE) Savings Account, NRE Fixed Deposit Account and Foreign Currency Non Resident (FCNR) Fixed Deposit Account. Each of these account types has certain advantages and disadvantages. Understanding them can help you in making a choice.
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