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Kyc Compliance of Nre or Nro or Fcnr  Form

Kyc Compliance of Nre or Nro or Fcnr Form

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this is so frustrating dude but what happened dude you just got a two-crow job in the US I'll tell you what happened my banker just called me and said I have a resident Indian savings account and now that I'm in NRI I need an NRE and an nro account and it's so similar it's like veg Biryani and Pulau what is even the difference I'll explain it's very simple NRE and nro accounts are two bank accounts for nris two segregate income sources really how okay let me explain it in a better way NRA's non-resident external account it has income coming from external sources so a simple way to remember is that it has the word external so hence foreign income sources versus on the other hand in an nro account where your earnings from India are stored like rent pension so that's how you can differentiate between the two okay got it and if I remember correctly both of them have Indian currency right yes exactly wow this is only so much si

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