Paragraph match score 86.6%
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Glossary
NRE Account: A bank account for NRIs to deposit foreign earnings in India with tax-free interest NRO Account: An account for NRIs to manage Indian income, with interest taxable in India
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Glossary
NRE: Non-Resident External account is a bank account in India for NRIs to park foreign earnings in Indian rupees NRO: Non-Resident Ordinary account is a bank account in India for NRIs to manage income earned in India, like rent or dividends