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Showing posts with the label NRO vs NRE vs FCNR

NRE vs NRO vs FCNR Calculator

Transferring Money to India Many Non-Resident Indians (NRI) transfer/wire their money to India. But many of you are unaware that you are loosing money by just transferring money , paying income tax on your interest rates and also loosing monetary value. This article summarises various non-equity bank accounts and a calculator to show which account to choose (especially in case of a Rupee devaluation). This calculator/guide will help you to choose the best NRI account in Indian banks based on length of deposit, rate and rupee value. Sample NRO vs NRE vs FCNR Calculator. (Please wait as it might take time to load .....) Loading plunk... Comparing NRI accounts would help you to decide which type of account to choose. Below Table shows a summary of the various accounts available. (Please refer to individual banks for accurate data) NRO vs NRE vs FCNR NRO NRE FCNR Definition Non Resident Ordinary Rupee Account Non Resident External Rupee Account Foreign Currency De