Established 1994
Client loginEN
Book a consultation

Tools · NRI Banking

NRE, NRO or FCNR: Account Selector

Five questions on where your money comes from, whether it needs to leave India again, and which currency you want to carry the risk in — and which account, or combination, follows from that.

The three NRI account types are not alternatives you pick on preference. Indian exchange control distinguishes between money earned abroad and money arising in India, and each account is designed to hold one and not the other. This tool gives you the decision and the reasoning — repatriability, how the interest is treated, currency exposure, and what redesignation changes on a permanent return. It deliberately quotes no ceilings, rates or form numbers, because those are set by RBI and CBDT and are revised from time to time.

  1. Source of the funds
  2. Getting money out again
  3. Currency exposure
  4. A permanent return

Stage 1 of 4 · Source of the funds

Source of the funds

Where does the money you want to hold in India come from?

Indian exchange control draws its main line here, not on preference. The three account types exist because money earned abroad and money arising in India are not permitted to sit in the same place.

Press 1–3 to choose

This tool is educational and is not advice. It gives you a decision and the reasoning behind it, not figures: repatriation ceilings, permitted currencies and the prescribed forms are set by RBI and CBDT and are revised from time to time, so confirm the current position with your authorised dealer bank before acting.

Not sure which of your income streams belongs where?

Our advisers work with non-resident clients to map Indian income and overseas funds to the right accounts, review whether existing balances were credited on a permissible basis, and sequence redesignation around a return.

Related guides