The three principal accounts
NRE accounts hold repatriable rupee balances funded from foreign inward remittances. NRO accounts hold rupee income earned in India. FCNR accounts hold foreign-currency term deposits. Mixing credits incorrectly is a frequent FEMA issue and can complicate later repatriation.
Returning to India
When residential status changes, accounts may need to be re-designated. Timing the change with tax residential status, foreign-asset disclosure and any continuing NRO income is a planning exercise we handle as a single workstream.
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