What is the difference between NRE & NRO demat account?

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NRE vs NRO Demat Account

NRE demat account is for investments on a repatriation basis and the NRO demat account is for investments on a non-repatriation basis. NRE demat is linked with NRE Bank Account (PIS or Non-PIS) whereas the NRO Demat is linked with the NRI Non-PIS account.

	NRE demat account	NRO demat account
Purpose	For investments on repatriation basis	For investments on non-repatriation basis
Type of linked bank account	NRE Bank Account	NRO Bank Account
Repatriation of Funds	Full Repatriable	The principal amount is repatriable after taxation. You can transfer up to USD 1 million in a financial year. Interest earned is repatriable. TDS is deducted.

What is the difference between NRE & NRO demat account?

NRE vs NRO Demat Account

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