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Earn +20 ptsQ: What is the difference between an NRE and NRO account?
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What is the difference between NRE and NRO accounts?
The difference between an NRE and NRO account is that with an NRE account, you can't transfer money any way other than remittance from abroad. With NRO accounts, money is freely transferable.
What is the full form of NRO?
Non Resident Account.
What are different types of bank accounts present in India?
Demat account NRE A/c NRO A/C FCNR A/c Sb a/c -Savings bank account CC a/c - Cash credit account CA a/c - Current account Salary Account Recurring deposit account Overdue account - OD a/c Fixed deposit account Propreitorship account Partnership account Firm account Company account == ==
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