"When you travel abroad for the business or work reasons, you will want to send money to India. With the different types of NRI accounts, this is very easy. In this article, we give you the different benefits of investment and reparation options available with the NRI savings account.
Different functioning of the NRI savings account
The different NRI savings account has different functions and different benefits. These NRE savings account and NRO savings account will have a higher interest rate as compared to the savings accounts in the country of residence and therefore provide an ideal investment option. If the NRI is earning an income, he can invest in either of the accounts, but there is a certain limit of repatriation to NRO savings account. However, if an NRI is earning an income from India, he cannot deposit it in the NRE savings account. The income from Indian sources can be deposited in the NRO account.
NRI investments options and support of NRI savings account
To invest in India, an NRI will need either a NRE savings account or a NRO savings account to begin with.NRI Savings AccountNRE Savings Account
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