NRE vs NRO. vs FCNR.
Compare the three NRI deposit accounts side by side — after-tax maturity, tax treatment, and repatriation rules — so you park your money in the right one.
NRE, NRO or FCNR — which wins?
Enter a deposit amount and tenure. We'll compare after-tax maturity across all three account types.
Choosing the right NRI account
NRE holds repatriable rupee deposits with tax-free interest; NRO holds India-earned income with taxable interest and capped repatriation; FCNR holds foreign currency with tax-free interest and no rupee-depreciation risk, at a lower rate. The best choice depends on where the money comes from and your view on the rupee.
Indian SaaS context: NRE and FCNR interest is exempt under the Income-tax Act for non-residents; NRO interest attracts ~30% TDS. FCNR shields you from rupee depreciation but typically pays 1.5–2.5% less than rupee deposits.
Frequently asked questions
NRE vs NRO — what's the core difference?+
An NRE account holds your foreign earnings converted to rupees; interest is tax-free in India and both principal and interest are fully repatriable. An NRO account holds income earned in India (rent, dividends); interest is taxable with TDS, and repatriation is capped at USD 1 million per year.
Where does FCNR fit in?+
An FCNR deposit is held in a foreign currency (USD, GBP, etc.), so you carry no rupee-depreciation risk on the principal, and the interest is tax-free. The trade-off is a lower interest rate than rupee NRE/NRO deposits.
Which should I choose?+
If the money is foreign income you'll repatriate, NRE maximises tax-free rupee returns; FCNR protects against rupee weakness at a lower rate. NRO is for income that arises in India. This tool compares the after-tax maturity of each.
Indicative comparison. Rates, TDS and repatriation rules vary by bank and your residency status — confirm specifics with your bank and a tax advisor.